Thursday, May 5, 2011

Integrax ... May11

Vale Intl SA is now looking to construct its own jetty in Lumut following the lapse of its conditional transshipment services agreement with Integrax’s 80% owned unit, LBTSB.
 
Sources say Vale has called for bids for the construction of the jetty as well as supply of material handling equipment. The contract is said to be rm600 million - rm800 million. It is learnt that there are currently four bidders – including Muhibbah Engineering and Kencana Petroleum.
 
Besides the construction of the jetty, other aspects of the port such as onshore works have drawn interest from local and foreign companies.
 
Vale has 409 acres of land next to Lumut Port that is slated to become rm9 billion iron ore distribution centre.
 
Given that Vale is still trying to find a way to build its own jetty and has additional capacity coming onstream, Integrax may attempt a second shot at securing a contract with Vale. Integrax Bhd wants to revive its transshipment deal with Brazil 's Vale International SA, following the resignation of its director and chief executive officer (CEO).

Nonetheless, Vale would still need to get consent from Integrax if it were to build its own jetty at Lumut as LBTSB holds a concession to operate within a 30km radius of the port.
 
Industry observers say Integrax could provide cheaper and quicker solution for Vale, given that it already has the infra in place and only needs to furnish it.
 
However, Integrax’s plans may not take off so soon as the boardroom tussle still stands in its way. With the emergence of Tenaga in the Integrax tussle, it remains to be seen if the port operator will be able to move forward with its plans or if the deadlock will continue.
 
Integrax plans to invest up to RM400 million over the next three years for its expansion.
Integrax owns and operates ports in Lumut, namely Lumut Maritime Terminal Sdn Bhd and the Lekir Bulk Terminal Sdn Bhd (LBT).
 
Former director and CEO Harun Halim Rasip, who is also Amin's elder brother, had sold his entire 22.12 per cent stake in Integrax to Tenaga Nasional Bhd (TNB) for RM106 million. This saw the entry of TNB as a major shareholder of the company. Tenaga is mulling a second nominee to the board.

The brothers had reportedly been at loggerheads over the company's direction, especially with regards to the 10-year interim contract from Vale. While Amin wanted to pursue the contract, Harun opposed the idea, as the cost of setting up a facility for Vale would be in the region of RM280 million, with no certainty of securing another client the size of Vale.

The offer has since lapsed and the Perak government has agreed to allow Vale to construct its own jetty in Lumut to accommodate its proposed iron ore transshipment project.

The plan is to build an eco industrial zone around LBT, which would be a multi-user facility catering to limestone, coal, biomass, cooking oil and palm oil.
 
At present, much of Integrax’s revenue comes from LBT’s handling of coal for Tenaga’s Janamanjung plant. The tender for Tenaga’s

64 comments:

Anonymous said...

alprazolam does ordering xanax online work - xanax effects animals

Anonymous said...

buy tramadol online tramadol 50 mg 60 capsulas - tramadol hcl 50mg street value

Anonymous said...

buy tramadol online tramadol addiction abuse - tramadol 50 mg vs advil

Anonymous said...

buy tramadol online tramadol 50 mg 377 - tramadol to get high

Anonymous said...

xanax online little white xanax pills - buy xanax online without rx

Anonymous said...

order xanax xanax effects weight - generic yellow xanax bars

Anonymous said...

buy carisoprodol carisoprodol soma side effects - buy soma carisoprodol online

Anonymous said...

generic xanax buy xanax online forum - xanax withdrawal vs valium withdrawal

Anonymous said...

buy carisoprodol carisoprodol 350 mg street name - carisoprodol 350 mg

Anonymous said...

buy tramadol online tramadol from usa no prescription - buy cheap tramadol overnight

Anonymous said...

generic xanax promethazine xanax drug interactions - order xanax online forum

Anonymous said...

buy carisoprodol carisoprodol order online - carisoprodol vs xanax

Anonymous said...

tramadol 100 tramadol zofran interaction - tramadol controlled substance

Anonymous said...

buy carisoprodol 5513 dan carisoprodol drug - muscle relaxers soma carisoprodol

Anonymous said...

carisoprodol 350 mg carisoprodol dosage to get high - carisoprodol 350 mg forum

Anonymous said...

cialis tadalafil cialis 2.5mg price - buy cheap cialis line

Anonymous said...

buy tramadol online tramadol overdose management - buy tramadol for dogs usa

Anonymous said...

can you buy cialis online cialis daily and bph - cialis online bestellen

Anonymous said...

xanax online buy xanax online no prescription needed - can you buy xanax in australia

Anonymous said...

buy cialis online cialis youtube commercial - cialis long does take work

Anonymous said...

cialis online cialis faq - cialis daily long term side effects

Anonymous said...

buy cialis online cialis bathtubs - health online cialis

Anonymous said...

buy cialis online cialis young men reviews - can you buy cialis online

Anonymous said...

cialis no rx cialis daily prostate - where to buy cialis online no prescription

Anonymous said...

buy cheap cialis cheap cialis canadian pharmacy - how to buy cialis

Anonymous said...

cialis online best site order cialis - where to buy cialis online no prescription

Anonymous said...

cialis online what's price cialis - cialis daily testimonials

Anonymous said...

cialis online cialis online cheap no prescription - cheap cialis eu

Anonymous said...

buy tramadol tramadol high blood pressure medication - buy tramadol in florida

Anonymous said...

order tramadol online overnight buy tramadol 6914 - tramadol dosage women

Anonymous said...

buy tramadol overnight cod tramadol 50 mg take - tramadol hcl for dogs

Anonymous said...

buy tramadol tramadol 500mg - tramadol dosage strength

Anonymous said...

buy tramadol 180 5 50 mg tramadol - tramadol hcl 50 mg high

Anonymous said...

buy tramadol buy tramadol valium online - tramadol hydrochloride 100 mg side effects

Anonymous said...

buy tramadol ultram tramadol price - tramadol hcl 200mg side effects

Anonymous said...

http://landvoicelearning.com/#62431 cheap tramadol cod free fedex - tramadol 50 mg oxycodone

Anonymous said...

can you buy tramadol online legally can you buy tramadol online no prescription - order tramadol from usa

Anonymous said...

http://landvoicelearning.com/#57594 tramadol withdrawal in infants - tramadol for dogs liver

Anonymous said...

http://blog.dawn.com/dblog/buy/#41639 dosage of tramadol 50mg - buy tramadol overnight saturday delivery

Anonymous said...

buy tramadol no prescription overnight buy tramadol online in usa - tramadol hcl 25mg dogs

Anonymous said...

tramadol 100mg can i order tramadol online legally - tramadol hcl online

Anonymous said...

buy tramadol online tramadol manufacturer - what is tramadol 50mg tablets

Anonymous said...

buy tramadol buy tramadol online overnight shipping - tramadol addiction help usa

Anonymous said...

buy tramadol tramadol online next day delivery - tramadol 300 er

Anonymous said...

buy tramadol tramadol 50mg how many to take - tramadol hydrochloride 50mg side effects dogs

Anonymous said...

buy tramadol online tramadol 50 mg interactions - buy tramadol online cash on delivery

Anonymous said...

http://landvoicelearning.com/#51602 tramadol dosering - where to buy tramadol for dogs

Anonymous said...

buy tramadol online tramadol 50 mg half life - tramadol 100mg/1ml

Anonymous said...

http://buytramadolonlinecool.com/#56411 buy tramadol online utah - buy tramadol online no prescription usa

Anonymous said...

buy tramadol tramadol withdrawal tiredness - buy tramadol 200mg online

Anonymous said...

http://reidmoody.com/#79166 ativan withdrawal after 2 weeks - 1mg lorazepam diazepam equivalent

Anonymous said...

generic ativan ativan high vs xanax - lorazepam 1 mg dosage

Anonymous said...

http://reidmoody.com/#54126 can you get ativan over the counter - ativan drug

Anonymous said...

buy xanax online xanax 1mg first time - xanax 0.25 high

Anonymous said...

buy tramadol online tramadol yellow and green capsule - buy tramadol online overnight

Anonymous said...

buy xanax online without rx xanax 620 - xanax online with prescription

Anonymous said...

generic tramadol online tramadol to get high - tramadol for dogs cost

Anonymous said...

tramadol without prescription tramadol hcl 50 mg 30 kaps - tramadol hcl and zoloft

Anonymous said...

tramadol 100mg tramadol hcl info - buyer tramadol online

Anonymous said...

xanax depression buy xanax online no prescription - drug interactions between xanax hydrocodone

Anonymous said...

buy xanax online overnight delivery xanax wedding anxiety - xanax 2mg

Anonymous said...

buy xanax online will .25mg xanax show up on drug test - xanax 5 panel drug test

Anonymous said...

buy xanax online xanax withdrawal symptoms tremors - generic xanax less effective

Anonymous said...

online xanax no prescription xanax 2 mg snorting - buy xanax online legally