Adaro Energy update: Maritim Barito Perkasa, Orchard Maritime ? Barging

Saturday, April 30 2011 - 02:47 AM WIB

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

Orchard Maritime Logistics Ltd, PT Maritim Barito Perkasa (MBP) and PT Harapan Bahtera Internusa (HBI) (95% - 100% - 100%)

In 1Q11, total coal transported increased 13% and 12% compared to 1Q10 and 4Q10 respectively to 3.36 million tonnes mainly due to reduced vessel loading times at Taboneo. A new third party service provider that commenced in 1Q11 also contributed to the increase.

Meanwhile, total coal loaded decreased 23% to 2.97 million tonnes as OML sent its two floating cranes for maintenance. (end of edited excerpt)

? Units 1Q10 1Q11 % Change
Total Coal Transported Mt 2.96 3.36 13%
AI Mt 2.67 2.93 10%
Others Mt 0.29 0.43 49%
Total Coal Loaded Mt 3.85 2.97 -23%
AI Mt 3.85 2.90 -25%
Others Mt - 0.07 -

?

? Units 4Q10 4Q11 % Change
Total Coal Transported Mt 3.01 3.36 12%
AI Mt 2.95 2.93 -1%
Others Mt 0.06 0.43 618%
Total Coal Loaded Mt 3.48 2.97 -15%
AI Mt 3.35 2.90 -13%
Others Mt 0.13 0.07 -50%
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