Yinson JV secures bareboat charter extension

PETALING JAYA: Yinson Holdings Bhd’s unit, Yinson Production, has via its joint venture with PetroVietnam Technical Services Corp (PTSC), PTSC South-East Asia (PTSC SEA), received a five-year extension for the bareboat charter contract for floating, storage and offloading (FSO) PTSC Bien Dong 01.

In a statement, Yinson said the extension via the addendum entered by PTSC and PTSC SEA on June 2, 2023 sets an extension period for the contract from June 4, 2023 to June 3, 2028.