BW Group has taken a stake in John Fredriksen's Flex LNG.

As of 31 October, the Andreas Sohmen-Pao-led outfit owns 560,000 shares in the New York and Oslo-traded gas carrier owner, good for just about 1% of the company, Flex disclosed.

It is unclear when or why BW took the position, although sources told TradeWinds the Singapore-based group showed up as an investor sometime in September.