Company type | Private |
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Industry | Shipping |
Founded | 1955 |
Founder | Yue-Kong Pao |
Headquarters | Singapore and Oslo |
Area served | Global |
Key people | Chairman: Andreas Sohmen-Pao |
Number of employees | 12,000 (2022) |
Website | www.bw-group.com |
BW Group is a maritime company involved in shipping, floating gas infrastructure and deep-water oil & gas production. The company has over 490 vessels managed by an international team of over 12,000 staff worldwide. The group was founded by Sir Yue-Kong Pao in Hong Kong in 1955 as World-Wide Shipping. In 2003, the company acquired Bergesen d.y. ASA, Norway's largest shipping company, which was founded in 1935 by Sigval Bergesen the Younger. In 2005, the business was re-branded as BW. With its LNG and LPG fleets combined, BW Group owns and operates the world's largest gas shipping fleet of more than 200 gas vessels, including five FSRUs (floating storage and regasification units). Hafnia, a member of the BW Group, operates the world's largest fleet of oil product tankers, and BW Offshore comprises the second largest number of floating oil and gas production units (FPSOs). BW's controlled fleet of over 490 ships also includes crude oil supertankers and dry bulk carriers.
BW Group currently comprises BW LPG, BW LNG, BW Epic Kosan, DHT, Hafnia, BW Dry Cargo, BW Offshore, BW Energy Storage Systems, BW Solar, BW Solar, Cadeler, Navigator Gas, BW Water, BW Ideol, Corvus Energy, and BW Digital.