Peter Weernink has resigned as chief executive of bulker player SwissMarine.

Weernink, a well-known figure in the dry bulk market, helped found the company in 2001.

SwissMarine notified clients of his resignation this week and explained he remained both a shareholder and director of the company.

According to a document seen by TradeWinds, the company is “strongly profitable” and “well positioned to meet all its commitments”.