Passionately delivering powerful solutions
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 businesses, streamlining the business to specifically serve the offshore oil and gas industry. Since the acquisition, we have added three new FPSO projects to our track record (FPSO JAK, Ghana; FPSO Helang, Malaysia and FPSO Abigail-Joseph, Nigeria) Our latest asset, FPSO Anna Nery is currently under construction.
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.
In 2019, Yinson diversified into renewables. Within a year, we acquired our first operational renewables asset, the 175MWp(DC) Bhadla solar plants in India, and built a strong pipeline of greenfield development projects across the globe. In early 2021, we secured a new contract to build, own and operate a 285MWp(DC) solar plant, which is currently under construction in the Nokh Solar Park, India. Our renewables footprint is rapidly expanding and we are committed to become a globally recognised independent power producer within clean energy.
In 2020, Yinson established our Green Technologies Division. The Division focuses on investing in new technologies and business areas that enable the global transition to a low-carbon environment, through investments in marine, mobility, and energy segments. We aim to establish green technologies as a major revenue stream for Yinson and to develop profitable, disruptive businesses, based on clean technologies and digitalisation.
Yinson currently invests in four business divisions - Offshore Production, Renewables, Green Technologies and Offshore Marine
To design, construct, and operate industry-leading production assets for the offshore oil and gas industry towards improving global access to stable and affordable energy.
To be a leading global developer and independent power producer (IPP), contributing to the global energy transition towards a sustainable energy system and delivering long term value to our stakeholders.
To build a profitable global business, which, through investments in green technologies, accelerates the transition to a net zero world.
To own, operate and charter a fleet of high performance Offshore Support Vessels (OSV) to support services to the energy industry.