SELANGOR: Orkim Bhd, Malaysia’s wholly-owned subsidiaries, Orkim Leader Sdn Bhd and Orkim Power Sdn Bhd, have entered into side letters to extend their respective existing consecutive voyage charter (CVC) contracts with Shell Malaysia Trading Sdn Bhd and Shell Timur Sdn Bhd.

Under the side letters, the parties have agreed to a one-year extension of the existing contracts, with the extended charter period for Orkim Power commencing on February 1, 2026, and for Orkim Leader on March 1, 2026.

Following this extension period, the contracts further grant the charterers an option to extend for an additional year.

Subject to the exercise of this option, the charter for Orkim Power may be extended until January 31, 2028, while the charter for Orkim Leader may run until February 28, 2028.

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