PCL (Shipping) is bidding farewell to its managing director, company veteran Govind Ramanathan.

Ramanathan, in a hurried conversation between meetings, confirmed his imminent departure.

"At this moment, I am not in a position to comment very much but this is a part of the company's succession planning," Ramanathan told TradeWinds. "But I am leaving on very good terms to pursue my own interests."