PETALING JAYA: Orkim Bhd has entered into a memorandum of agreement with Allcontinents International Shipping Ltd to acquire MT Rong Yao Wu Zhou, an International Maritime Organization (IMO) Type II oil and chemical tanker for RM94.9mil.
In a statement, the group said the purchase will be fully funded by proceeds from its existing Sukuk Issuance Programme, together with estimated start-up costs of RM4.2mil.
“The vessel is expected to be delivered no later than Oct 20, 2026. This acquisition marks the group’s 20th vessel, increasing its total deadweight tonnage to 267,024 tonnes.”
Orkim said the acquisition reflects its commitment to sustainable growth while strengthening the group’s operational capabilities.
“As a newer-generation vessel, it is expected to contribute to lower emissions intensity compared to older vessels, supporting Orkim’s ongoing efforts to operate more sustainably and meet evolving industry and regulatory standards.”….
Read the full article here.
SA11 – Upskilling and Reskilling Talents
SA12 – Foster Community Growth Through Education
SA13 – Strengthen Workforce Connection
SA14 – Enhance Customer Satisfaction and Service Excellence
SA10 – Promote Workforce Well-being, Health and Safety
SA6 – Climate Change Management
SA7 – Reduce Waste, Promote Recycling and Resource Recovery
SA8 – Minimise Water Consumption
SA9 – Protect, Conserve and Enhance Biodiversity
SA4 – Uphold Ethics and Business Integrity
