Yinson sees declining oil prices as temporary setback

Niche market: The FPSO market is big enough for six active players as the segment is as clients only entertain credible companies..

JOHOR BARU: Yinson Holdings Bhd expects the declining in prices of crude oil in the global to be a temporary setback.

Group chief executive chairman Lim Han Weng said demand for floating production, storage and offloading (FPSO) units would always be there although major petroleum companies would put their investment plans on hold.