Orkim Berhad announced that its wholly-owned subsidiary has entered into a Memorandum of Agreement with Wealth Sail Shipping Pte Ltd to acquire Rich Sunda which is an IMO type II tanker for USD24.2 million (approximately RM97 million).
The acquisition will be funded primarily through proceeds raised from the Group’s initial public offering, with the remaining balance to be financed via internally generated funds.
Rich Sunda, built in 2026 with a deadweight tonnage of 13,850 metric tonnes, is capable of transporting both clean petroleum product or chemical cargoes. The vessel is expected to be delivered to Orkim by early May 2026, upon delivery it will be renamed Orkim Garnet.
