Yinson’s positive outlook supported by robust FPSO

Maybank IB Research said the FPSO business is booming, with demand stronger than the pre-Covid-19 crisis level.

KUALA LUMPUR: The prospects of Yinson Holdings Bhd remain positive, supported by the robust floating, production, storage and offloading (FPSO) sector over the next 12 months, according to several brokerages.

The energy infrastructure company has been awarded two letters of intent (LoIs) by Petroleo Brasileiro S.A. (Petrobras) for a FPSO vessel in the North Campos Basin, in offshore Brazil.