KUALA LUMPUR, 08 October 2025 – Orkim Berhad, one of Malaysia’s leading providers of clean petroleum product (CPP) marine transportation services, has received a Positive outlook revision from MARC Ratings Berhad (“MARC”), which reaffirmed its AA-IS rating on the Group’s Islamic Medium-Term Notes (IMTN) programme of up to RM1.0 billion.

The outlook upgrade from Stable to Positive underscores MARC’s confidence in Orkim’s solid business fundamentals, market leadership in the domestic CPP transportation sector, and its steady growth trajectory.

Institutional Confidence Strengthens Future Outlook

According to MARC, the revised outlook is based on Orkim’s proposed shareholder restructuring, which will result in Permodalan Nasional Berhad (PNB) and its managed Unit Trust Funds (UTFs) holding a majority stake in the Group.

The transition is expected to bring continued institutional support, reinforcing Orkim’s strategic alignment with the Government-linked Enterprises Activation and Reform Programme (GEAR-uP), a national initiative aimed at enhancing the performance and governance of government-linked enterprises.

Leadership Endorsement

Commenting on the announcement, Captain Cheah Sin Bi, Chief Executive Officer of Orkim Berhad, said:

“We are deeply encouraged by MARC’s decision to revise Orkim’s rating outlook to Positive. This recognition reflects the strength of our fundamentals, our disciplined growth strategy, and the confidence in Orkim’s ability to deliver long-term value.”

Sustained Growth Through Prudent Fleet Management

As a key player in Malaysia’s clean petroleum product transportation market, Orkim operates a modern and diversified fleet under long-term charter arrangements with leading oil majors. The Group continues to emphasise prudent fleet management, operational efficiency, and sustainable growth across its regional operations.

Backed by over a decade of experience and a strong commitment to safety and reliability, Orkim remains well-positioned to capture emerging opportunities in the regional energy logistics sector.

Author

Katherine (Kay)
Kay like to explores the intersection of money, power, and the curious humans behind them. With a flair for storytelling and a soft spot for market drama, she brings a fresh and sharp voice to Southeast Asia’s business scene.
Her work blends analysis with narrative, turning headlines into human stories that cut through the noise. Whether unpacking boardroom maneuvers, policy shifts, or the personalities shaping regional markets, Kay offers readers a perspective that is both insightful and relatable — always with a touch of wit.