Adaro Energy update: Maritim Barito Perkasa

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

PT Maritim Barito Perkasa (MBP) is a key barging and ship loading contractor for AI. During the first quarter of 2013, coal volume from AI accounted for 94% and 100% of MBP?s total coal barged and coal loaded to ships, respectively. Y-o-y increase over 1Q12 was due to the higher availability of floating crane and MBP receiving additional volume from AI?s third party contractor when the third party contractor?s term expired in 2012.

MBP is expecting deliveries of one floating transfer unit, five 15,000 dwt barges, six tugs, and one fuel oil tank barge on the second quarter of 2013, with a total investment of US$63.6 million. (end of edited excerpt)

Maritim Barito Perkasa
		Actual	Quarter on Quarter		Year on Year
	Units	1Q13	4Q12	% Change	1Q12	% Change
Total Coal Barged	Mt	5.99	7.32	-18%	3.92	53%
Adaro	Mt	5.66	6.92	-18%	3.85	47%
Others	Mt	0.33	0.40	-18%	0.07	371%
Total Coal Loaded	Mt	3.69	4.90	-25%	3.06	21%
Adaro	Mt	3.69	4.90	-25%	3.06	21%
Others	Mt	-	-	-	-	-