Strong FPSO demand bodes well for Yinson

RHB Research said global FPSO awards are poised to resume after a slight slowdown in the rollout of new projects.

PETALING JAYA: The anticipated robust global demand for floating production storage and offloading (FPSO) contracts in 2024 is expected to bode well for Yinson Holdings Bhd, offering potential for better returns and favourable contractual terms amid tight supply.

After discussions with consultants Energy Maritime Associates (EMA), Kenanga Research has expressed confidence in the outlook for the FPSO market.