KUALA LUMPUR (March 30): Orkim Bhd (KL: ORKIM) said it is acquiring an oil and chemical tanker for US$24.2 million (RM97 million) as part of an ongoing fleet expansion strategy and fleet rejuvenation programme.
In a filing with Bursa Malaysia, the group said its unit Orkim Wisdom Sdn Bhd had signed a memorandum of agreement with Singapore-based Wealth Sail Shipping Pte Ltd to acquire the vessel.
Wealth Sail Shipping is principally engaged in the business of shipping, including the chartering of ships and boats with crew.
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