Orkim Bhd
MMYX:ORKIM0.82
MYR
+0.02
(+2.50%)
ISIN
MYL5348OO007
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Cheah Sin Bi
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- Petaling Jaya Malaysia
- IPO Date
- Dec 9, 2025
- Website
- orkim.com.my
- Similar Companies
- Business
- Orkim Berhad is a Malaysia-based marine logistics and energy transportation company specializing in the coastal and regional maritime freight of clean petroleum products and liquefied petroleum gas. The company operates through three principal business segments: Marine Transportation, Ship Management, and Shipbroking. Its core services and operational capabilities include: coastal and regional marine transportation of Clean Petroleum Products (CPP), including motor gasoline, automotive gas oil, diesel, aviation turbine fuel, jet kerosene, naphtha, and condensates; pressurized ocean transportation of Liquefied Petroleum Gas (LPG), including commercial propane, butane, and petrochemical feedstock; product and chemical tanker shipping via International Maritime Organization (IMO) Type II certified vessels; dedicated vessel chartering solutions delivered through long-term time charters, consecutive voyage charters, and spot voyage contracts; technical ship management, comprising vessel upkeep, planned maintenance, dry-docking oversight, marine safety compliance, crew management, class audits, and environmental health and safety certifications; and commercial shipbroking services, encompassing freight rate negotiation, vessel chartering mediation, voyage planning, market advisory, and ship sale and purchase transactions. In recent developments, Orkim Berhad completed its initial public offering and listed on the Main Market of Bursa Malaysia in December 2025 under the ticker ORKIM, securing equity capital with the vast majority of public issue proceeds dedicated to vessel acquisitions and fleet renewal. Concurrently, government-linked private equity firm Ekuiti Nasional Berhad (Ekuinas) executed a complete institutional exit, resulting in Permodalan Nasional Berhad (PNB) becoming the company's controlling shareholder with a 60 percent equity stake. In 2026, the company advanced its fleet expansion program by taking delivery and commencing commercial deployment of the Orkim Garnet, an IMO Type II chemical and clean petroleum tanker, increasing its active operating fleet to 19 vessels with an aggregate capacity exceeding 240,000 deadweight tonnage. Founded in 2004 as an independent shipbroking agency before transitioning into vessel ownership in 2009, Orkim Berhad is headquartered in Petaling Jaya, Selangor, Malaysia, and oversees its assets through specialized wholly owned vessel-owning and ship-management subsidiaries. The company primarily serves major national and multinational oil and gas corporations, including Petroliam Nasional Berhad (PETRONAS), Shell, Petron Malaysia, BHPetrol, and Nippon Gas Line. Its operational footprint spans domestic Malaysian coastal distribution corridors connecting Peninsular Malaysia, Sabah, and Sarawak, alongside intra-regional Asian maritime routes serving Singapore, China, and South Korea.