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

Friday, July 29 2011 - 03:02 AM WIB

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

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

In 2Q11, total coal transported increased 29% to 3.71 million tonnes due to reduced vessel loading times at Taboneo anchorage as well as a new third party contract awarded at the beginning of this year. Meanwhile, total coal loaded decreased 7% to 2.56 million tonnes as two floating cranes were sent for maintenance in April. This year, our barging and shiploading division is targeting 14.8 million tonnes of transported coal and 13.5 million tonnes of coal loaded. (end of edited excerpt)

Year on Year Units 2Q11 2Q10 % Change
Total Coal Transported Mbcm 3.71 2.87 29%
Adaro Mbcm 3.20 2.64 21%
Others Mbcm 0.51 0.23 123%
Total Coal Loaded Mt 2.56 2.77 -7%
Adaro Mt 2.56 2.77 -8%
Others Mt 0.01 - ?
Quarter on Quarter Units 2Q11 2Q10 % Change
Total Coal Transported Mbcm 3.71 3.36 10%
Adaro Mbcm 3.20 2.93 9%
Others Mbcm 0.51 0.43 17%
Total Coal Loaded Mt 2.56 2.97 -14%
Adaro Mt 2.56 2.90 -12%
Others Mt 0.01 0.07 -88%
1H11 vs. 1H10 Units 1H11 1H10 % Change
Total Coal Transported Mbcm 7.06 5.83 21%
Adaro Mbcm 6.13 5.31 15%
Others Mbcm 0.94 0.52 81%
Total Coal Loaded Mt 5.53 6.62 -16%
Adaro Mt 5.46 6.62 -18%
Others Mt 0.07 - ?

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