Our journey

Past, present, and future

In 1983, Yinson was founded by Lim Han Weng as a humble transport and logistics company in Johor Bahru, Malaysia. Thanks to an unwavering commitment to excellent customer service and on-time delivery, the little company grew exponentially. In 20 years, Yinson became one of Malaysia’s biggest transport companies, operating a fleet of 365 trucks and supplying a further 565 trucks to our customers.

In 2010, Yinson expanded our services to cover marine transport with the acquisition of five tugboats. That same year, we won a contract for port cargo handling services in Vietnam.

One year later, Yinson stepped foot into the oil and gas industry by forming a consortium with PetroVietnam Technical Services Corporation (PTSC, a subsidiary of PetroVietnam). The joint venture company was awarded a contract for the charter of a floating, storage, and offloading vessel (FSO), FSO PTSC Bien Dong 01. This paved the way for Yinson to win a contract for the charter of a floating, production, storage, and offloading vessel (FPSO), FPSO PTSC Lam Son.

In 2014, our business was further strengthened with the acquisition of established Norwegian FPSO company, Fred. Olsen Production ASA – a company that shares our commitment to excellence and strategy for long-term charter contracts. Through the acquisition, Yinson inherited a strong and experienced team, as well as contracts for a further three FPSO vessels, and a mobile offshore production unit (MOPU).

By mid-2016, Yinson divested its non-oil and gas business divisions, streamlining the business to become a full-fledged oil and gas company.

Today, with our diversified geographical presence and extensive engineering and operational expertise, Yinson has grown to become one of the largest independent FPSO leasing companies globally Our geographical presence extends across the world, from West Africa, the Americas, Europe and South East Asia.

Gearing for growth, in 2019 Yinson diversified into a third business division – Renewables.

Our Renewables footprint is rapidly expanding to position the business to become a major revenue stream for the group as we target becoming one of the leading clean energy independent power producers (IPPs) globally.

  • Yinson at a glance

Corporate milestones

Our Group strategy

Through strategies contained in our business model, Yinson is poised to create long term value for all our stakeholders.

  • Good counterparties

  • Excellent track record in operations and maintenance

  • Long-term contracts and robust contractual terms

  • Design, construct, own and operate model

  • Disciplined business and financial management

  • Strong local presence in operating countries

  • Securing opportunities with innovative and cost-effective solutions

  • Professional and skilled project management teams

  • © 2021 Yinson Holdings Berhad 199301004410 (259147-A).
    All rights reserved.
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