Shell Malaysia Trading Sdn Bhd and Shell Timur Sdn Bhd have entered into a long-term agreement with Orkim Sdn Bhd to charter two vessels for the transportation of petroleum products across Peninsular and East Malaysia. These vessels, equipped with advanced safety and environmental features, will enhance Shell Malaysia's Downstream fuels business, ensuring efficient distribution. The [...]
We are proud to announce that Orkim Sdn Bhd has been recognized as an ACCA Approved Employer in the Professional Development stream. This milestone highlights their ongoing commitment to supporting talent development and fostering growth within the organization. Congratulations to Orkim on this well-deserved achievement! For more details, visit the full article here.
On March 27, Fujian Southeast Shipyard, a subsidiary of Fujian Shipbuilding, signed a contract with Malaysian shipowner Orkim Sdn Bhd for the construction of two 14,500 DWT product tankers. These vessels are designed to meet high environmental standards and will transport refined oils. This marks the second collaboration between Orkim and Fujian Shipbuilding. The product [...]
MARC Ratings has assigned a corporate credit rating of AA- to Orkim Sdn Bhd, reflecting its position as Malaysia's largest domestic vessel owner with 18 tankers and stable earnings from long-term contracts. The company benefits from a strong market position, high barriers to entry, and longstanding relationships with major clients like Petronas and Shell. However, [...]
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