KUALA LUMPUR, July 22 (Bernama) — Orkim Bhd’s wholly-owned subsidiary, Orkim Ambition Sdn Bhd, has entered into a Memorandum of Agreement with ALLContinents International Shipping Ltd for the proposed acquisition of an IMO Type II oil/chemical tanker for 157 million renminbi (about RM94.88 million).
In a filing with Bursa Malaysia, the marine transportation company said the purchase will be fully funded by proceeds from the group’s existing Sukuk Issuance Programme together with estimated start-up costs of RM4.2 million.
It said the vessel, known as MT Rong Yao Wu Zhou, is expected to be delivered not later than Oct 20, 2026.
Orkim said the acquisition of an IMO Type II tanker will enhance the group’s operational flexibility as it is capable of transporting clean petroleum products (CPP) and chemical cargoes, thereby broadening the group’s service offerings and market reach….
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