Pericles Panagopoulos, the founder of companies that made a mark on passenger and dry bulk shipping, died in Athens early this morning.

"It is with great sadness that we announce the loss of our chairman, Pericles S Panagopoulos, who passed away today," his company, Magna Marine, said in a statement. He was 83 years old.

The Athens-born entrepreneur studied business and economics in Greece, Switzerland and England.