Orkim banks on new tankers, stronger charter rates to lift earnings

ORKIM Bhd is positioning itself for sustained earnings growth over the next three years, banking on fleet expansion, higher charter rates and an RM593 million contract orderbook to reinforce its position as one of Malaysia's leading petroleum tanker operators.

Orkim banks on new tankers, stronger charter rates to lift earnings

ORKIM Bhd is positioning itself for sustained earnings growth over the next three years, banking on fleet expansion, higher charter rates and an RM593 million contract orderbook to reinforce its position as one of Malaysia’s leading petroleum tanker operators. The marine transport group, which specialises in carrying refined petroleum products and liquefied petroleum gas (LPG), is expected to see its core net profit approach RM100 million by 2028, supported by the delivery of new vessels and continued demand from major oil companies.

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