Orkim expands fleet to 21 vessels, targets five more by 2029
KUALA LUMPUR: Orkim Bhd has expanded its fleet to 21 vessels following the early delivery of Orkim Jade, a 14,500-deadweight tonne (DWT) clean petroleum products (CPP) tanker, as part of its ongoing fleet expansion and rejuvenation programme.
Orkim Bhd has expanded its fleet to 21 vessels, with the addition of the Orkim Jade, a 14,500 DWT clean petroleum products tanker. This increase accounts for a 5.4% boost in the group's total fleet capacity, now standing at 281,534 DWT. The vessel, equipped with an onboard nitrogen generation system and high-efficiency engines, is expected to start commercial operations soon.
The delivery of Orkim Jade is the third vessel addition this year, bolstering the group's fleet optimisation plan. Orkim CEO Captain Cheah Sin Bi highlighted the vessel's contribution to improved fuel efficiency, reduced emissions intensity, and enhanced visibility over long-term earnings. The company plans to add five more vessels between 2027 and 2029, further solidifying its position as a leading marine transportation player in Malaysia.
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