Constantine Logothetis is stepping down as vice chairman of the Libra Group, the umbrella entity that includes shipping outfit Lomar, to focus on investing through a new private family office he set up.

Logothetis, who co-founded Libra in 2003, will remain at the group as a non-executive board member and shareholder.

His future energies, however, will focus on Alithea Capital, a new structure he has set up with a mind to "exploring opportunities across many different sectors of business life", he said in a post on his personal LinkedIn page on Sunday.