BW Group

BW Group is one of the worlds leading maritime groups in the tanker, gas and offshore segments. We provide reliable energy transportation and infrastructure services across the energy value chain. We own and operate a fleet of quality vessels which are managed by competent and experienced staff. BW Groups predecessor companies are World-Wide Shipping and Bergesen d.y. ASA. In 2002, World-Wide Shipping, a privately-owned tanker and bulk shipping company founded in Hong Kong in 1955 by the late Sir Y.K. Pao, acquired Bergesen, Norways largest shipping company, founded in 1935. The combined group has been delivering energy and other vital commodities for more than 80 years.

Corporate Structure

BW Group employs more than 5,000 people including seafarers, and has offices in countries such as Singapore, Norway, Denmark, USA, China, Bermuda, India, the Philippines and Cyprus.   BW LPG is the worlds largest Very Large Gas Carriers (VLGC) owner and operator, by number of VLGCs and by LPG carrying capacity. In April 2019, BW Group became the largest shareholder in Epic Gas, a company which owns and operates a fleet of 39 modern fully pressurised gas carriers between 3500 - 11,000 CBM, providing seaborne services for the transportation of LPG and petrochemicals. BW Offshore is the worlds second largest contractor with a fleet of 14 FPSOs and 1 FSO represented in all major oil regions world-wide. The company also operates additional 2 FPSOs. Hafnia, a merger of BW Tankers and Hafnia Tankers, is the worlds leading product tanker company, carrying cargoes such as naphtha, gasoline and jetoil. BW LNG manages the Groups LNG shipping and Gas Solutions business. BW Dry Cargo has a fleet of modern bulk carriers ranging from Supramax to Capesize. The Company was founded in 2016 and is the dry cargo arm in BW Group and acts purely as a tonnage provider.  BWs investment in WOMAR represents the Groups interests in the chemical tanker segment. BW Group is present in the crude oil transportation segment through its investment in DHT, and chemicals segment through its investment in WOMAR Tanker Pools.

History

In 1955, Yue-Kong (Y.K.) Pao bought his first vessel, a 27-year-old coal-burning freighter renamed the Golden Alpha. Twenty-five years later, the company house flag was flying on board nearly 200 vessels, the largest fleet ever assembled in private ownership. In 1978, Y.K. Pao was knighted by Queen Elizabeth II, and in 2003 he was selected by readers of shipping magazine Fairplay as “the most influential person in shipping in 120 years”.  Today, the BW Group remains a major player in the maritime industry, managing the worlds largest privately owned fleet of Very Large Gas Carriers (VLGCs) and the second largest fleet of Floating, Production, Storage and Offloading (FPSO) units.

BW LNG

BW has been involved in LNG shipping since the early 1970s. In the early 2000s, we expanded our LNG activities to take advantage of growth in LNG transportation, securing a number of longer term charters. Our most recent growth has been through the deliveries of two MEGI LNG carriers and our first  Floating Storage Regasification Unit (FSRU) in 2015.  Our current fleet comprises of 23 vessels, 19 vessels in operation and 4 newbuildings. Of the 23 vessels, 20 of them are LNG carriers whilst three of them are FSRUs.  BW is focused on growing long-term relationships within the LNG industry and our vessels are under contracts with quality customers such as Egas, Engie, NLNG, Pavilion Gas, Sinopec, Repsol and Sonatrach. 

Sustainability

BW believes in acting for the future and we aim to make a positive and lasting impact in the world. We always act responsibly and ethically in our own business. We focus on CSR initiatives that have lasting value, and we believe actions that also bring benefit to the company are the most sustainable.   We are also committed to implementing processes and measures that will continually reduce our impact on the environment. We are working on multiple fronts to have our ships consume less energy. We collaborate with members of the industry on projects to explore best practices. We also actively support new technologies that support sustainability.  BW is ISO 14001 certified and we follow an environmental plan to ensure that we systematically work to reduce our environmental footprint. Our most important contribution is our holistic and company-wide initiative to reduce bunker consumption and thereby our emissions.