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Monday, 27 January 14
MERCATOR SINGAPORE REPORTS 52% INCREASE IN EBITDA FOR Q3 FY 2014 AS COMPARED TO PREVIOUS QUARTER
 COALspot.com: Mercator Lines (Singapore) Limited, a leading Indian-owned international dry bulk shipping company that operates a fleet of fourteen dry bulk vessels including thirteen owned ships focused on high growth markets such as India, Indonesia and China, according to announced financial results for the third quarter of Financial Year 2013-2014 ending 31st March 2014 (Q3 FY 2014).
Revenue at US$23.2 million is an increase of 8 per cent as compared to Q2 FY 2014 and 67 per cent as compared to Q1 FY 2014.
According to company, the EBITDA of company at USD 7.4 million an increase of 52% as compared to Q2 FY 2014 and 119% as compared to Q1 FY 2014. the company said in its press release, EBITDA margin has increased to 32% in Q3 FY 2014 from 23% in the previous quarter.
The revenue for nine months ending 31 December 2013 was at USD 58.5 million as against USD 84.2 million in the corresponding period previous year. The balance sheet has improved with a lower debt to equity ratio of 0.59 times as at 31st December 2013 as compared to 0.61 times as at 30th September 2013, company said in its press release.
The dry bulk shipping industry is continuing on its path to recovery. By the end of 31 December 2013, the Baltic Dry Index (BDI) had reached 2277 points from 896 points at the start of the financial year, Mercator says in its press release posted on its website. The market rate of Panamax vessels stood at US$ 14,556 per day on 31 December 2013 as against USD 9,238 per day at the start of the financial year. The vessel values have also strengthened significantly since the start of the financial year. The value of a 5 year old 76,000 DWT dry bulk Panamax vessel was approximately USD 26.0 million by end of Q3 FY 2014 as against approximately USD 19.0 million at the start of the financial year. All these factors indicate signs of long impending recovery in the dry bulk shipping industry.
“We are happy to see a continuous trend of improved financials on a quarter on quarter basis in this financial year. Significant improvement in market fundamentals and cost rationalization measures adopted by the Company has helped us achieve better results”, Said Mr. Shalabh Mittal, Managing Director and Chief Executive Officer of Mercator,
About Mercator Lines (Singapore) Limited
Mercator, which commenced operations in 2005, has established a market presence in the dry bulk transport market, specializing in the transportation of dry bulk commodities such as coal, iron ore and grains.
Mercator operates a fleet of fourteen dry bulk vessels, thirteen owned and one chartered-in, comprising of geared and gearless Panamaxes/Post Panamaxes/Kamsarmaxes with an aggregate capacity
of about 1.1 million dwt as on December 31, 2013.
Its ultimate parent company, Mercator Limited (“ML India”), has diversified business interests in Coal, Oil & Gas services, Commodity Transportation and Dredging. ML India owns and operates Coal Mines in Indonesia. Coal Mining, procurement and logistics contribute more than 50% of Mercator group revenues.
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Monday, 03 February 14
SUB-BIT INDONESIA COAL SWAP GAINED WEEK ON WEEK
COALspot.com – Swaps prices gained for thermal coal loading from Indonesia, the world’s largest exporter of the fuel, according SGX.
...
Monday, 03 February 14
API 8 CFR SOUTH CHINA COAL SWAP CONTRACTS FALL
COALspot.com: API 8 CFR South China Coal swaps for average Q1 14 delivery lost 4.71 percent month on month and closed at US$ 78.87 per mt as on Frid ...
Monday, 03 February 14
COAL FREIGHT RATES REMAIN UNDER PRESSURE
COALspot.com: The BDI is fell 50 pct over last one month which seems to be one of the lowest fall in last few years.
The BDI was down by 11 ...
Friday, 31 January 14
U.S. COAL PRODUCTION TOTALED APPROXIMATELY 19.2 MMST W-O-W
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.2 million short tons (mmst) of coal in ...
Friday, 31 January 14
DRY BULK MARKET STILL ON A FALL, EXPECTED TO WORSEN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is definitely in the doldrums since the start of the year, in what could only be described as a "lost" month for indus ...
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- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- VISA Power Limited - India
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Planning Commission, India
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
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- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- The University of Queensland
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
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