Departing E&S Tankers managing director Jan Eghoej feels the time is right to leave the company after five-and-a-half years.

His exit was announced yesterday with Malte Willer taking over the top job at the joint venture between two of Europe’s leading parcel tanker operators, Essberger Tankers and Stolt Tankers.

Eghoej said he was not under pressure to leave and was exiting with the company in a strong position.