Our Journey

Past, present, and future

In 1984, Yinson was founded by Lim Han Weng as a humble transport and logistics company in Johor Bahru, Malaysia. The company name 'Yinson', which was derived from his mother's name, Yin, also translates to 'Cloud Rising' (云升) in Chinese as he dreamed that Yinson would rise as high as the clouds.

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.

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 Yinson GreenTech. The unit 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.

In 2023, Yinson established Farosson to provide advisory, investment and asset management services in the area of sustainable infrastructure investing.

  • Yinson at a glance

Corporate milestones

Yinson's Strategic Framework and Edge

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