John Angelicoussis Explained

John Angelicoussis
Γιάννης Αγγελικούσης
Birth Name:John Anthony Angelicoussis
Birth Date:16 November 1948
Birth Place:London, England or Piraeus, Greece
Death Place:Athens, Greece
Nationality:Greek
Occupation:Owner of Angelicoussis Shipping Group
Spouse:Elizabeth Angelicoussis
Children:1

John Anthony Angelicoussis (; 16 November 1948–10 April 2021) was a Greek billionaire, owner of the Angelicoussis Shipping Group.

Early life

John Anthony Angelicoussis was born in November 1948,[1] the son of Anthony J. Angelicoussis (1918–1989) and Maria Papalios.[2] He bought his first ship in 1953. In 1968, with his partner Dimitris Efthymiou, he established the Agelef Shipping Company, and then joined his father's company in 1973.

Career

In 1987, Anangel-American Shipholdings was floated on the Luxembourg stock market. Two years later the company listed on Nasdaq, where it remained until it was delisted in 2001.[2]

John Angelicoussis managed Angelicoussis Shipping Group, which owned Anangel Maritime Services, Maran Tankers Management and Maran Gas Maritime.[3] In 2002, he reached an agreement with his sister to break the 50/50 control deal and take over the group.[4]

Fortune

In March 2015, Angelicoussis had a net worth of $2.4 billion, and a fleet of 96 ships, according to Bloomberg.[5]

Apart from having the largest Greek-owned fleet, Angelicoussis controls the largest Greek-flag fleet, with only one bulk carrier under non-Greek colors and seven tankers, which are on bareboat charters.[6]

In 2019, he was still the largest shipowner in Greece in terms of tonnage.[7] In July 2018, he had ordered his 100th ship,[8] and strengthened his investments in LNG ships,[9] his company being the number 1 shipper of LNG to the US in 2019[10] and the first Greek company to own LNG carriers.[11]

Awards

Personal life and death

He was married to Elizabeth Angelicoussis. Their only daughter, Maria Angelicoussis (Mrs Lawrence Frankopan), has trained as a doctor and works for the Angelicoussis Group since 2009. She is involved in all major investment decisions taken and in the daily operations of all three management companies.[13]

Angelicoussis died in Athens on 10 April 2021.[14]

Notes and References

  1. Web site: John Anthony ANGELICOUSSIS - Personal Appointments (free information from Companies House).
  2. Web site: Anthony J. Angelicoussis (1918-1989). greekshippinghalloffame. 11 March 2015.
  3. News: The 15 most influential Greek ship owners for 2013. 11 March 2015. GR Reporter. 19 December 2013.
  4. Web site: An amicable split with sister Anna TradeWinds. TradeWinds Latest shipping and maritime news. 30 May 2002. en. 2019-10-31.
  5. News: Metcalf. Tom. Billionaire Greek Ship Owners Surface While Home Economy Sinks. 11 March 2015. Bloomberg. 9 March 2015.
  6. News: Leave it to the Professionals. Whittaker. Gillian. Summer 2014. tw+ Quarterly from Tradewinds.
  7. Web site: John Angelicoussis retains crown as Greece's largest shipowner. 2019-07-23. Seatrade Maritime - Shipping, Maritime and Offshore Marine News. 2019-10-31.
  8. Web site: John Angelicoussis orders his 100th ship at DSME TradeWinds. TradeWinds Latest shipping and maritime news. 4 July 2018. en. 2019-10-31.
  9. Web site: Angelicoussis adds LNG carrier at DSME and eyes further orders -. 2019-06-12. Splash 247. en-US. 2019-10-31.
  10. Web site: Three Greek Groups Leading US LNG Shippers. 2019-01-15. GTP Headlines. en-US. 2019-10-31.
  11. Web site: Ulysses Systems - Top names in Greek shipping honoured at Lloyd's List Awards(Ship. Int. Monthly Review, Dec 05,p.6-9). www.ulysses-systems.com. 2019-10-31.
  12. News: One Hundred Most Influential People in the Shipping Industry. Edition 6.. 22 December 2015. Lloyd's List. December 2015.
  13. News: Whittaker. Gillian. Angelicoussis bags good deal for VLCC. 11 March 2015. TradeWinds. 12 April 2013.
  14. Web site: Lowry . Nigel . John Angelicoussis, Greece’s largest shipowner, dies at 72 . Lloyd's List . 10 April 2021 . 25 April 2024.