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Maritim Barito Perkasa
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Orchard Maritime Logistics is a Singapore based marine company. The company is one of Adaro's key barging contractors providing a large fleet of towed as well as self-propelled barges carrying coal to the Taboeneo anchorage and the IBT terminal for transhipment to export vessels as well as to domestic customers. It is also Adaro's primary supplier of shiploading services through its large fleet of modern floating cranes which operates 24 hours per day, year round at the anchorage.

In 2009, the assets of OML were restructured to PT Maritim Barito Perkasa (MBP) and PT Harapan Bahtera Internusa in order to comply with Indonesia's cabotage law and by the beginning of 2010 the entire fleet was under Indonesian flag. This change over to Indonesian registry was carried out with no disruption to the fleet's carrying capacity and tonnage delivery obligations to Adaro and other customers.

MBP's modern fleet of marine equipment now consists of 15 barges, 17 tugboats, 1 accomodation and operations barge, 1 landing craft, 3 self-propelled barges and 4 floating cranes. This equipment works primarily for Adaro however other companies also utilise OML's services for barging and transhipment.

Coal transportation tonnage in 2010 increased 12% over 2009's total to 11.6 million tonnes which was a strong performance given the high rainfall throughout

the year that reduced Indonesia's forecasted coal production. Subsequently, total coal loaded in 2010 also increased 11% over 2009's to 12.7 million tonnes. This increase in tonnage transported and loaded was achieved without additions to the fleet as better cycling times allowed for higher utilization.

The 4 floating cranes continued to work for Adaro throughout the year with their reliability and consistency contributing strongly to Adaro's coal deliveries. Transhipment tonnages for the year also increased by 12% from 11.4 million tonnes in 2009 to 12.7 million tonnes for 2010.

Internationally, OML completed its two years contract for sand barging services between Cambodia, Vietnam and Singapore in April. As there had been a downturn in that market, the tugs and barges employed on this project were redeployed to Indonesia for coal barging operations, however the Company will continue to search for regional barging business that suits its fleet.

Adaro remained as OML's biggest customer for both barging and transhipment. Other customers using OML's barging services included PT Kideco Jaya Agung, another major coal producer, PT Jawa Power operating a 1,200 MW coal power plant and PT Semen Gresik (Persero) Tbk. which is Indonesia's largest cement producer.

Alan Yim,,
President Director

Alan joined OML in 2009 after being with the Chuan Hup Group of companies, one of South East Asia's largest barging and offshore operations company since 1982. During his period with them he held a variety of positions rising to become Director and CEO of CH Logistics Pte Ltd in 2002, a post he retained until he left the company in 2008. He holds a Chief Engineer's certificate.

Barging / SMP (OML, MBP, HBI) 2006* 2007* 2008* 2009* 2010**
Key Financial Highlight (in US$)
Total Assests 1,275,941 1,609,213 1,663,011 1,778874, 1,220,812
Total Liabilities 1,181,904 1,465,529 1,482,237 1,529,685 1,320,554
Interest Bearing Debt 848,938 1,226,561 1,388,741 1,048 855
Total Equity 94,037 143,684 180,744 249,189 (99,742)
Revenue 213,485 443,340 657,579 670,220 554,593
Operating Statistics
Overburden Stripping (Mn BCM) 5.23 9.40 10.60 11.41 11.59
Coal Getting (Mn tonnes) 2.67 6.77 9.50 10.60 12.65