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Thursday, 13 August 2026

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Orkim Secures CVC Contract Extension with Shell Malaysia to Enhance Energy Logistics Stability

By Abigail Cheong2 min read

Selangor, 13 August 2026 – Marine transportation provider Orkim Berhad has secured a contract extension for its Consecutive Voyage Charter (CVC) agreements with Shell Malaysia Trading Sdn. Bhd. and Shell Timur Sdn. Bhd., reinforcing its long-standing energy transport partnership and strengthening operational earnings visibility.

The contract extension, executed through Orkim’s wholly-owned subsidiary Orkim Reliance Sdn. Bhd. via an Addendum to the existing CVC agreements, extends the contractual term for a further six months beginning 16 August 2026. Following the initial six-month extension, Shell retains options to extend the agreements for up to three successive six-month periods under the terms of the existing CVC frameworks. The charter contracts will continue to operate on a cargo nomination basis, with vessel movements scheduled at the charterers’ discretion according to an agreed rate schedule.

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Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.