Adaro Energy update: Indonesia Bulk Terminal (IBT)
Tuesday, February 9 2010 - 01:38 AM WIB
PT Indonesia Bulk Terminal (IBT)
| PT Indonesia Bulk Terminal (IBT) ? Coal Logistics and Port Services | Units | Actual | Plan | % Change |
| Total Coal Shipped | Mt | 4.64 | 5.62 | -17.6% |
| Adaro/Coaltrade | Mt | 3.25 | 3.70 | -12.1% |
| Third party | Mt | 1.38 | 1.92 | -28.1% |
| No of vessels loaded | - | 72 | 90 | -20.0% |
| Source: Adaro Energy's quarterly activities report | ||||
IBT?s performance in FY09 was below the plan due to the weakening global economy. Sales to both the US and Europe softened as a result of reduced electricity demand and low gas prices. Gas was readily available at low prices resulting in gas fired power plants being dispatched ahead of coal fired plants.
The fact that no shipments were made in July to the US and Europe, the first time since 1995, exemplified the impact of the downturn of the economy on the Western side of the world to the lower traffic at Coaltrade and third party services at IBT?s terminal. However, as the coal market gradually recovered, the traffic growth through IBT?s terminal strongly recovered and is expected to continue to pick up pace in 2010.
As Adaro Indonesia moves more of its transshipment activities to the open anchorage at Taboneo, IBT is focusing on third party coal handling and fuel services.
Efforts were also made to increase market awareness about IBT?s logistics services and the benefits of its terminal by advertising in various publications and exhibiting at international conferences. (end of excerpt)