Malaysia’s Yinson Enters into FPSO Deal with Vietnam’s PTSC

Malaysia’s Yinson Holdings Berhad has together with Vietnam’s Petrovietnam Technical Services Corporation (“PTSC”) established a Joint Venture Company for the construction and charter of an FPSO vessel. The companies have agreed to jointly provide the FPSO to PTSC and PTSC will onward charter the ship to Lam Son Joint Operating Company (“LSJOC”). The tenure of [...]