AS geopolitical tensions in the Middle East send fresh turbulence through global shipping markets, Malaysia’s largest clean petroleum tanker operator, Orkim Bhd (KL:ORKIM), is reaping the benefits of a strategy that has been years in the making.
For Orkim, the US-Israeli war against Iran has not weakened demand. Instead, it has tightened an already constrained tanker market and pushed up operating costs, most notably of bunker fuel, which has surged roughly 2½ times since the conflict began on Feb 28.
“The supply is still there but bunker fuel prices have gone up,” executive director and CEO Captain Cheah Sin Bi tells The Edge.
Despite the inflationary pressure, Orkim says its operations have remained resilient. Fleet utilisation stayed at 92% through 2025 and into the first quarter of 2026, with no material disruptions even amid heightened concern over shipping flow through the Strait of Hormuz.
That stability reflects years of preparation for volatility, Cheah says….
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