BW Group has boosted its stake in John Fredriksen-backed Flex LNG to become the LNG carrier owner's third largest shareholder.
BW, which is chaired by Andreas Sohmen-Pao, now has 1.45m shares in the company, which gives it a 2.68% stake.
The diversified shipowner's position in Oslo-listed and New York-listed Flex LNG is only smaller than that of Fredriksen’s company Gevaran Trading and the fund Skagen Invest.
