We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 28 January 14
RESOURCE NATIONALISM OR PROTECTIONISM FOR THE MINING AND EXTRACTIVES INDUSTRY - JOHN WHITTAKER & MICHAEL SWANGARD
Resource nationalism or protectionism for the mining and extractives industry as well as soft commodities sector and the oil industry.
‘Res ...
Tuesday, 28 January 14
DRY BULK SHIP OWNERS RETREAT TO OLD 'HABITS', REFUSING TO DEMOLISH OLD VESSELS, THREATENING MARKET RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
If one thing is clear as we reflect on the 2013 shipping markets, it's that ship owners took advantage of low prices, in order to acquire newer ton ...
Monday, 27 January 14
13TH CLEAN COAL FORUM 2014
COALspot.com: (Press Release) - Produced by CDMC Events, The 13th Clean Coal Forum 2014 will be held on June 12 &13 2014 in Beijing, China. We a ...
Monday, 27 January 14
Q3 & Q4 API 8 CFR SOUTH CHINA COAL SWAPS CONTINUE TO REMAIN WEAK
COALspot.com: API 8 CFR South China Coal swaps for average Q1 14 delivery lost 4.45 percent month on month and closed at US$ 79.05 per mt as on Frid ...
Monday, 27 January 14
Q3 2014 SUB-BIT INDONESIA COAL SWAP LOST GROUND, ENDS AT $60 PMT
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost 2.29% pmt month on month on Friday 24 January 2014. Th ...
|
|
|
Showing 3881 to 3885 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Minerals Council of Australia
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Petron Corporation, Philippines
- The University of Queensland
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
|
| |
| |
|
