BW Group is a maritime company involved in shipping, floating gas infrastructure and deep-water oil & gas production. The company has over 350 vessels managed by an international team of over 7000 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 115 gas vessels, including four 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 350 ships also includes crude oil supertankers and dry bulk carriers.