Major Greek shipowner John Angelicoussis is seriously ill in an Athens hospital after suffering a suspected heart attack.

In a statement sent to TradeWinds, the Angelicoussis Shipping Group said its president's condition was "serious but stable".

The statement did not elaborate on the exact nature of the medical emergency Angelicoussis is facing, other than to say that he was taken ill early on Saturday morning and that he was receiving "the very best medical attention".

Angelicoussis is widely acknowledged as one of the most influential Greeks of his generation, earning a reputation for closely watched market moves.