04/07/2016 Europe Greece
Greek Ship Owner Commits Suicide
Bunker fleet owner found dead at home on Sunday

Mr Mamidakis company runs a fleet of bunkers tankers
The Greek maritime industry is in shock with the news that one of their shipowners appears to have taken a gun to his head and committed suicide yesterday.

Kyriakos Mamidakis, 84, who owned a fleet of bunker fuel tankers as well as other shipping interests and a network of petrol stations under the name of JetOil, was found dead at his home on Sunday.

Only recently, in 2015, his company Mamidoil JetOil, which was started by him and his two brothers in the 1960s, was awarded a Silver distinction in the category Big Businesses/Society during the Hellenic Responsible Business Awards 2015 ceremony and in 2011 he himself won the Lloyd’s List/Propeller Club Lifetime Achievement Award.

Police say he was found dead with a gun beside him and wounds to the head in what appears so far to have been an act of suicide.

Mr Mamidakis' JetOil company has been suffering debt issues and had only recently filed for protection being unable to pay its creditors.

According to its own website, the company is one of the largest companies that trade in petroleum-based products in the Greek market in terms of sales volume and turnover.

It has approximately 600 petrol stations bearing the JETOIL brand as well being the owner of a fleet of 33 tanker trucks and a fleet of 7 privately-owned supply vessels supplying maritime fuel oil.

Through its subsidiaries, it has invested and developed in Balkan countries such as Albania, Bulgaria, Serbia, Kosovo and FYROM.

The firm's owner was born in Crete in and lived near Athens. Shipping Times extends its condolences to his family, friends and firms.