Greek industrialist and shipowner Constantino Angelopoulos dies in Athens on Monday

Constantinos Angelopoulos

Greek industrialist and shipowner Constantino Angelopoulos died in Athens on Monday aged 76.

From a young age, Angelopoulos suffered from a rare form of arthritis that increasingly impaired his mobility to the point that he had been hospitalised in a private clinic for the last few months of his life.

Constantino Angelopoulos was a son of the late Greek industrialist Panagiotis Angelopoulos, founder of 'Chalivourgiki', Greece's first steel foundry and works, and brother of shipping magnate, Theodoros Angelopoulos.

The company, Chalivourgiki, was closely associated with the course of the country's economy and the construction of major infrastructural works in the 1950s.

At the helm of the company for years, Angelopoulos navigated Chalivourgiki through tough times during the economic crisis of the late 1980s and early 1990s. The company managed to survive by implementing a modernisation programme, and by diversifying into new products and technologies.

In 2014, a drastic drop in demand for steel in Greece saw the company halt steel production and suspend 200 of its 263 workers. The company permanently ceased production but still continues to operate today.

A key player in the shipping industry, Angelopoulos was the founder and managing director of Arcadia Shipmanagement Co Ltd, an oil tanker shipping company in Athens, Greece specialising in the shipping of oil, and other petroleum products.

Constantinos AgelopoulosAngelopoulos ran Arcadia Shipmanagement Co Ltd, which he established in 1998, with his sons Panagiotis and Giorgos.

In 2007, Arcadia Shipmanagement Co Ltd was named 'Greek Oil Tanker Company of the Year'.

In 2012 the company was certified for good energy consumption.

In 2015, the company expanded its fleet, adding two Suezmax tankers.

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GCT Team

This article was researched and written by a GCT team member.