The historic win marks a milestone not just for the Lim family, but for Malaysia’s broader ambitions in the energy and maritime sectors. Yinson, which began as a humble transport and logistics business in the 1980s, has evolved into a global leader in floating production storage and offloading (FPSO) solutions. Under the leadership of the father-son duo, the company has aggressively expanded its presence in Latin America, Africa, and now, increasingly, in new energy markets.

A Strategic Leap

The contracts—reportedly valued in the multibillion-dollar range- are tied to long-term offshore projects in Brazil and Angola, two hotbeds for offshore oil and gas development. Industry analysts say these deals will add at least two high-spec FPSO units to Yinson’s fleet, further strengthening its strategic foothold in key global regions.

With these new projects, Yinson’s total operating and under-construction fleet is expected to position the company behind only SBM Offshore and Modec—two long-standing industry giants- in terms of fleet size and contract value.

The Family Legacy

Lim Han Weng, the founder and executive chairman, is well-respected for his foresight in steering Yinson into the offshore production segment at a time when many viewed it as a high-risk pivot. His son, Lim Chern Yuan, who serves as the Group CEO, has scaled that vision globally, focusing on sustainability and digital innovation.

“The future of energy is not just about extraction, but also about responsibility, technology, and long-term partnerships,” Chern Yuan said in a recent interview. “We’re proud to represent Malaysian ingenuity on a global stage.”

Sustainability-Focused Growth

What sets Yinson apart from many of its competitors is its commitment to ESG (Environmental, Social, and Governance) principles. The company has been vocal about its plans to balance traditional energy production with sustainable initiatives, including green technologies and investments in renewable energy projects.

In fact, a portion of the company’s new revenue stream is expected to be reinvested into its GreenTech division, which focuses on electric mobility and clean energy solutions, further showcasing Yinson's diversified and future-forward strategy.

A Win for Malaysia

This announcement is more than just a corporate success story—it’s a moment of national pride. Yinson’s rise illustrates Malaysia’s ability to nurture world-class businesses that can compete on a global scale.

With energy security and sustainability becoming top global concerns, Yinson's strong track record, family leadership, and strategic direction place it in a unique position to shape the future of offshore energy.

As Yinson gears up for its next chapter, all eyes will be on the Malaysian-born giant and the father-son team who are steering it toward the top of the world stage.

Yinson Holdings Berhad on MyJobe