Orkim Bhd, an oil and gas shipping company, has secured a two-year marine transportation contract from petrol retailer Boustead Petroleum Marketing Sdn Bhd (BHPetrol), with an option to extend for a further year.
Under the agreement, effective from Jan 1, 2026, to Dec 31, 2027, Orkim will provide marine transport services for an estimated 200,000 tonnes of petroleum products annually, subject to a ±20% variation. The contract’s value will depend on cargo nominations issued by BHPetrol and the agreed schedule of rates.
BHPetrol is one of Orkim’s top five clients, collectively accounting for over 90% of the company’s revenue, alongside Petroliam Nasional Bhd, Shell Group, Petron Malaysia Refining & Marketing Bhd, and Japan-based Nippon Gas Line Co Ltd.
Orkim shares closed unchanged at RM1.09 on Thursday, giving the company a market capitalization of RM1.09 billion. The firm made its Main Market debut on Dec 9, 2025, at an IPO price of 92 sen.
