One of the world’s most influential shipowners, Greek billionaire John A Angelicoussis, has passed away at the age of 72
Owner of the Angelicoussis Shipping Group, Mr Angelicoussis suffered a heart attack on 20 March and was admitted to an Athens hospital where he died on 10 April.
Among the industry tributes to Mr Angelicoussis, International Chamber of Shipping chairman Esben Poulson said, “ICS offers its heartfelt condolences following the passing of John Angelicoussis.
“Mr Angelicoussis was without doubt a giant, not only of Greek shipping, but of the global industry as well. Often referred to as a ‘titan’, it is difficult to overstate his endless achievements, and indeed the enormous esteem and respect in which he was held in his beloved homeland, and internationally.
“A bold visionary, he created an iconic group of companies synonymous with quality and operational excellence. He devoted a lifetime to the industry he so passionately embraced, and on which he will leave such an enduring impression.”
Born in November 1948 in London, Mr Angelicoussis started his own shipping company Agelef Shipping in 1968 before joining his father’s company, The Angelicoussis Group, in 1973.
He took the reins of president and chief executive of Angelicoussis Shipping in 1989 following the death of his father Anthony Angelicoussis.
In 1993, Mr Angelicoussis ordered the company’s first five capsize bulk carriers at South Korea’s Hyundai Heavy Industries. At the time, these were the largest bulk carriers ever ordered by a Greek shipowner.
Mr Angelicoussis subsequently continued to build the company’s shipping empire, entering the tanker segment, ordering Aframaxes, Suezmaxes and very large crude carriers between 1996 and 2000, and the LNG carrier segment, founding Maran Gas Maritime, the group’s LNG ship management arm.
In 2008, Mr Angelicoussis’ daughter, Maria I Angelicoussis joined the group, and is involved in all major management aspects of the company. During her father’s hospitalisation, Ms Angelicoussis was acting chief executive of the company and will take the reins of the group.