Peter Twiss has resigned from Enesel Bulk Logistics (EBL), the bulker operating platform he established and sold to the Lemos family group just two months ago.
Twiss is understood to have resigned unexpectedly on Monday while in London and has since returned home to Germany.
Enesel said that Twiss had decided to spend more time with his family. No other staff are leaving with him.
The company said: “Following the successful integration of the teams brought in under his leadership, Peter has decided to focus on his original plan to dedicate more time to his private life.
“We thank him for his contributions and wish him the very best.”
Twiss confirmed his resignation when approached by TradeWinds and said he had only good things to say about Enesel.
“I think there is a quote from Warren Buffet: ‘Nothing beats being your own boss’,” Twiss told TradeWinds.
Simon Harrison, the London-based group’s CEO, told TradeWinds: “We are fully committed, as always, to building the EBL platform which is a core part of the Enesel Group.”
Twiss resigned as CEO of Oldendorff Carriers in March 2023 after almost 30 years.
He set up a bulker operating platform initially known as Itrade earlier this year, which was acquired in September by Enesel and incorporated into its dry bulk division, EBL.
EBL was established in Dubai in October 2021 as a bulker operator with clients including trading houses, miners, industrialists and shipowners. It plans to concentrate on handysizes up to post-panamax bulkers.
Following the acquisition of Itrade, EBL has teams in Germany, Dubai and Singapore and has a particular focus on Atlantic trades.
As well as trading vessels, EBL has said it plans to take an “innovative” approach to market research and information technology.
Talk of Twiss’ new company began in July when four researchers resigned from Oldendorff’s Singapore office alongside three staff members from its cargo desk in Germany.
More departures from Oldendorff followed over the next few months.
The new recruits give Enesel expertise in operations, vessel vetting, access to cargo clients and freight research.
Twiss had intended to stay on and manage the new platform.
He has a longstanding relationship with Enesel CEO Harrison, which TradeWinds understands was key in the acquisition of Twiss’ Itrade.
Harrison was managing director and part owner of dry cargo and sale-and-purchase broker JE Hyde, of which Twiss-led Oldendorff was a top client. Previous to that, Harrison was a sale-and-purchase broker for Clarksons in London.
JE Hyde merged with Icap Energy in 2007, with Harrison taking the top job at IcapHyde.
