January 31, 2015 11:54 PM ET

Capital Markets

Company Overview of RWE Supply & Trading GmbH

Company Overview

RWE Supply & Trading GmbH operates as an energy trading company in Europe. The company provides physical and derivative trading of electricity, gas, coal, oil, weather, and emission certificates, as well as renewable energy sources on spot and futures market. It also offers counseling and brokerage, acquisition mediation, financial portfolio management, and trading and financial consignment services. RWE Supply & Trading GmbH was formerly known as RWE Trading GmbH and changed its name to RWE Supply & Trading GmbH in April 2008. The company was founded in 2000 and is based in Essen, Germany with trading offices in London and Swindon, United Kingdom. It has branch offices and subsidiaries in G...

Altenessener Strasse 27

Essen,  45141

Germany

Founded in 2000

Phone:

49 201 12 09

Fax:

49 201 5179 4040

Key Executives for RWE Supply & Trading GmbH

Chief Executive Officer and Chairman of Management Board
Chief Financial Officer
Age: 41
Member of Management Board and Chief Commercial Officer
Age: 54
Head of Executive Affairs
Compensation as of Fiscal Year 2014.

RWE Supply & Trading GmbH Key Developments

Knightsbridge Shipping Limited Enters into an Agreement with RWE Supply & Trading GmbH

Knightsbridge Shipping Limited announced that it has entered into an agreement with RWE Supply & Trading GmbH for chartering out a total of 15 Capesize vessels on long term contracts. The basis of the transaction is to employ the vessels on index linked contracts. The earning of each vessel is decided through a pre-agreed premium on top of the prevailing spot market (Baltic Cape Index 4 T/C), reflecting the better performance of the new generation Capesize vessels. The vessels will be delivered over the coming five quarters starting first quarter 2015. The transaction is done on a "to be nominated" basis where the company will deliver vessels on a fairly evenly spread basis through until the first quarter of 2016. The duration of each charter contract is approximately five years.

RWE Supply & Trading Announces Management Changes

As of 1 March 2015, Dr. Markus Krebber will replace Stefan Judisch, present CEO of RWE Group's energy trading company RWE Supply & Trading. This will be in addition to his responsibilities as Chief Financial Officer. Stefan Judisch is leaving RWE at his own request. He has been the managing director of RWE Supply & Trading since its establishment and CEO since 2009. Dr. Markus Krebber has been the company’s Chief Financial Officer since November 2012. Two new members of the management board are Peter Krembel and Andree Stracke. Both will start working in their new role on 1 March 2015. Peter Krembel has been working at RWE Supply & Trading since 1999 and takes over the responsibility for the entire trading business in his new role as Chief Commercial Officer Trading. Currently, he is responsible for global trading in electricity and gas. In his new role as Chief Commercial Officer Origination & Gas Supply, Andree Stracke will manage the global origination business and the principal investment and gas supply activities as well as the business activities for industrial customers of RWE Supply & Trading. He has been working at the company since 1999. From 2008 to 2011, he worked for RWE as the managing director of Excelerate Energy in Houston. Alan Robinson will continue his responsibilities as member of the board of management and is in charge of commercial asset management. This function of RWE Supply & Trading optimises fuel purchasing, power plant utilisation and gas storage and transport rights for the RWE Group. Alan Robinson is continuing to work in a dual role, as he is also a member of the management board at RWE Generation SE.

Diana Shipping Enters into Time Charter Contract with RWE Supply & Trading Gmbh

Diana Shipping Inc. announced that, through a separate wholly owned subsidiary, it entered into a time charter contract with RWE Supply & Trading GmbH, Essen, Germany, for one of its Capesize dry bulk vessels, "Hull No. BC18.0-50". The gross charter rate is $25,250 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen (18) months to maximum twenty-two (22) months. The charter is expected to commence upon delivery of the vessel to the company. As previously announced on June 27, 2014, the m/v G. P. Zafirakis is a 2014 built Capesize dry bulk vessel of approximately 180,000 dwt that the Company entered into an agreement to purchase in June 2014. The vessel is now expected to be delivered to the Company by the sellers by early August 2014.

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