Allied Shipbroking shut down its offices in Athens for a day on Tuesday to mourn the loss of its co-founder, Captain Costas Karadimas.

The veteran Greek shipbroker died on 26 February at the age of 77, the firm said in a statement to clients.

“It is with our deepest sorrow and sadness that we inform you of the passing of our Captain Costas Karadimas, founding partner, respectful member and a part of us,” the statement said.

The funeral is to be held on Tuesday afternoon at Dionysos, north of Athens.

Karadimas was one of the four brokers who joined forces 33 years ago to set up Allied Shipbroking. He worked at the firm until his death, and fellow co-founder partners Stavros Drakogiannopoulos, Theodoros Moissoglou and Costis Tsalpatouros continue to work at the company.

Allied's founding act took place on 8 August, 1980, in Piraeus.

"The aim was straightforward and simple: to offer a comprehensive range of contemporary added-value services to clients interested in acquiring or selling commercial vessels within the shipping community," according to the company's website.

George Daskalakis joined the leadership in 1997, and Allied went on to become one of the biggest Greek shipbroking houses.

After growing up in the central Greece town of Amfissa, Karadimas trained as a captain with the merchant navy and also had some shipowning interests.

As director, he would regularly represent Allied in official functions and comment on the state of the shipping markets.