Adaro Energy update: Indonesia Bulk Terminal (IBT)

The following is an edited excerpt from IDX-listed energy firm PT.Adaro Energy 's quarterly report released on Monday. (ed)

PT Indonesia Bulk Terminal (IBT)? Coal Terminal Services (100%)
In 4Q10, total coal shipped decreased 27% to 1.24 Mt mainly due to supply constraints experienced by third party coal suppliers caused by heavy rainfall, notably the 42% decrease to 0.46 Mt of third party coal.

However, more vessels were loaded in 2010 compared to 2009, mainly due to the weak global economy in the first half of 2009. The IBT Pulau Laut fuel terminal, which became fully operational in 2010 helped boost vessel traffic by 32% to 95 vessels, as fuel tankers and fuel barges began using the terminal. (end of edited excerpt)

?	Units	4Q09	4Q10	% Change
Total Coal Shipped	Mt	1.69	1.24	-27%
Adaro/Coaltrade	Mt	0.89	0.77	-14%
Third party	Mt	0.80	0.46	-42%
No of vessels loaded	?	24	18	-25%

?	Units	FY09	FY10	% Change
Total Coal Shipped	Mt	4.64	6.23	34%
Adaro/Coaltrade	Mt	3.25	3.48	7%
Third party	Mt	1.38	2.75	99%
No of vessels loaded	?	72	95	32%