Mats Berglund is leaving Pacific Basin Shipping in a solid position after nine years leading the Hong Kong-listed handysize bulker giant.

The former Stena Group and Overseas Shipholding Group executive will stay engaged in shipping — through board directorships, for example — but sees no more chief executive positions in his future.

The youthful Swede's long-planned move is a genuine retirement, although he does not turn 60 until next year.