PETALING JAYA: Orkim Bhd has entered into a memorandum of agreement with Wealth Sail Shipping Pte Ltd to acquire Rich Sunda, an IMO (International Maritime Organisation) type II tanker for US$24.2 million (approximately RM97 million).

In a statement, the marine transportation company said the acquisition will be funded primarily through proceeds raised from the group’s initial public offering (IPO), with the remaining balance to be financed via internally generated funds.

Rich Sunda, built in 2026 with a deadweight tonnage of 13,850 tonnes, is capable of transporting both clean petroleum products or chemical cargoes.

For more details, visit the full article here.