BW Group
10 Pasir Panjang Road, #18-01, Mapletree Business City, Singapore, 117438
Overview
BW Group is a leading global maritime group involved in oil and gas transportation, floating gas infrastructure, environmental technologies and deepwater production. Through its predecessor companies, Bergesen and World-Wide Shipping, BW has been delivering energy and other vital commodities for more than 80 years. BW's fleet of over 150 vessels includes crude oil supertankers, refined oil tankers, LNG and LPG carriers, floating storage and regasification (FSRU) units, chemical tankers and floating production storage and offloading (FPSO) units. BW Group’s 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, Norway’s largest shipping company, founded in 1935. The combined group has been delivering energy and other vital commodities for more than 75 years. BW Maritime is involved in corporate activities across the BW Group. BW Shipping handles sales and purchase, gas solutions and commercial management of a fleet of modern oil and gas carriers. BW Fleet Management is our in-house ship management company with newbuilding responsibilities. BW Ventures, through Green Marine Capital, invests in environmentally friendly technologies in the maritime industry. BW Group has a 49% share in BW Offshore, the offshore oil and gas production business. BW Group employs more than 4,500 people including seafarers, and has offices in countries such as Singapore, Norway, China, Bermuda, India, the Philippines and Cyprus. BW Offshore and BW LPG are listed on the Oslo Stock Exchange. Together, BW Group manages the world’s largest independently-owned and operated fleet of gas carriers (LNG and LPG), and the second largest fleet of FPSO vessels. BW conducts its operations, both ashore and on board the vessels we manage, in a way that protects the health and safety of all employees and other individuals, preserves the environment and avoids damage to ships and property.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Energy
- Shipping
- Transportation
Investment portfolio
- Tokamak Energy
Participated · Equity · Nov 2024
Tokamak Energy develops a squeezed, spherical tokamak for magnetic confinement fusion and also sells high-temperature superconducting magnets through its TE Magnetics division. Its ST40 prototype produced a record-setting 100 million degree C plasma in 2022. The company plans to operate a pilot power plant starting by 2034. To bridge the gap to commercial fusion revenue, Tokamak Energy is expanding TE Magnetics to monetize its magnet expertise. The startup was spun out from the UK Atomic Energy Authority in 2009 and is based in the UK. Financially, it has raised $275 million to date from private investors, including a recent $125 million raise. The new funds will be used to continue reactor development and expand TE Magnetics.