PETALING JAYA: Orkim Bhd’s wholly owned subsidiary Orkim Marine Sdn Bhd has secured a six-month time charter contract from PETCO Trading Labuan Company Ltd, with an estimated value of up to RM32 million, according to its filing with Bursa Malaysia.
The charter period will commence at end-February 2026 and comes with an option to extend for a further six months. Assuming the extension is exercised, the total contract value is estimated at RM32 million.
The marine transportation group said the contract will involve its vessel Orkim Citrine and will cover routes between the Far East and the Persian Gulf, supporting its regional route expansion.
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