KUALA LUMPUR: Orkim Bhd said its wholly-owned subsidiary, Orkim Wisdom Sdn Bhd, has entered into a memorandum of agreement with Wealth Sail Shipping Pte Ltd for the proposed acquisition of an IMO Type II oil/chemical tanker called Rich Sunda for US$24.2 million (RM97 million).

Orkim said the proposed acquisition is in line with its ongoing fleet expansion strategy and fleet rejuvenation programme.

“This vessel is a newbuild resale and, upon delivery, will be the youngest vessel in our fleet. Its addition will not only enhance our capabilities but also improve our operational flexibility, as it allows us to transport both CPP and chemical cargoes, thereby broadening our service offerings.”

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