After forming a collaboration to deliver maritime spare parts using 3D printing, thyssenkrupp and Wilhelmsen have onboarded Yinson to their 3D Printing customer program. Services provided will include solving pain points such as long lead time, part obsolescence and poor part performance.
Thyssenkrupp and Wilhelmsen are collaborating on leveraging on thyssenkrupp’s deep expertise in AM alongside Wilhelmsen’s in-depth maritime expertise and direct ongoing experience in understanding the needs of vessel fleet managers.
Based on current data, maritime fleets spend approximately $13 billion a year on spare parts. With 50% of these vessels being older than 15 years, the availability of parts are limited. This makes the fulfillment of orders for maritime spare parts costly and complicated, and in fact, supply chain overheads involved may oftentimes far outstrip the cost of the part itself.
Yinson is one of Malaysia’s biggest transport companies. In 2011 the company stepped foot into the oil and gas industry by forming a consortium with PetroVietnam Technical Services Corporation (PTSC, a subsidiary of PetroVietnam).
The joint venture company was awarded a contract for the charter of a floating, storage, and offloading vessel (FSO), FSO PTSC Bien Dong 01. This paved the way for Yinson to win a contract for the charter of a floating, production, storage, and offloading vessel (FPSO), FPSO PTSC Lam Son.
Today Yinson has grown to become the 6th largest independent FPSO leasing company in the global FPSO market. Our geographical presence extends across the world, from West Africa, the Americas, Europe and South East Asia. Gearing for growth, in 2019 Yinson diversified into a third business division: renewables.