Wednesday 23 Sep 2026
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KUALA LUMPUR (Jan 8): Oil and gas shipping company Orkim Bhd (KL:ORKIM) has secured a marine transportation job from petrol station operator Boustead Petroleum Marketing Sdn Bhd, better known as BHPetrol.

The two-year affreightment contract carries an option to roll-over for an additional year, according to an exchange filing on Thursday.

No value for the job was disclosed as it will be based on cargo-nominations issued by BHPetrol over its tenure — from Jan 1, 2026, to Dec 31, 2027 — and the contract’s schedule of rates.

The contract requires Orkim to provide marine transportation services for an estimated quantity of 200,000 tonnes per annum, with room for variance of plus or minus 20%.

BHPetrol is among Orkim’s top five customers, which cumulatively contribute over 90% of the company’s revenue. The others include Petroliam Nasional Bhd, Shell Group, Petron Malaysia Refining & Marketing Bhd (KL:PETRONM) and Japan-based Nippon Gas Line Co Ltd.

Shares in Orkim ended unchanged at RM1.09 on Thursday, valuing the company at RM1.09 billion. The company made its debut on the Main Market on Dec 9 last year at an initial public offering price of 92 sen.

Edited ByS Kanagaraju
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