The richest shipowner in the US bought a 50% slice of the company controlled by RWE Group after much debate about the potential arrival of a new investor. It means the co-founder now controls all of the company.

Stefan Judisch, CEO of RWE Supply & Trading, says the shares were sold as the development of Exelerate into a pure LNG infrastructure business meant it was becoming an ever less integral part of RWE’s core activities.

Judisch