Aristeidis Alafouzos

Aristeidis Alafouzos (Greek: Αριστείδης Αλαφούζος; 9 March 1924 – 17 May 2017) was a Greek shipowner, civil engineer and media mogul.

In the media area he was best known for his ownership of the Kathimerini newspaper.

Alafouzos was born in Oia on the island of Santorini to Ioannis Alafouzos a member of a shipping and political family on the island.

A year after his birth there was a volcanic eruption on the island, which led his family to move to Piraeus, where Aristides went on to study at the Second Piraeus Middle School for Boys, excelling at mathematics.

In September 1940 the family relocated to Athens, where he continued his high school education.

At this time it was Alafouzos’ intention to enter the Hellenic Navy Academy, but as the academy had closed due to the German occupation of Greece he transferred his attention to continuing his education at the National Technical University of Athens (NTUA).

Following the death of his father on 14 December 1941, Alafouzos to support his family took a job at a timber company in Malakasa, north of Athens.

He left the job in the spring of 1943 in order to prepare for the entrance exams for the National Technical University of Athens (NTUA), which he passed with top marks.

As a result, he was able to obtain a scholarship which covered the cost of all of his studies.

The reputation he had gained due to his scholarly performance allowed him to offer private tutorials to other students.

Alafouzos graduated with a degree in civil engineering in 1949, specializing in hydraulic technology in road building and the construction of railroads, ports and industries.

His studies had taken six years instead of the customary five as the university had been shut down for a year during the war.

To gain practical experience he also worked at a civil engineering firm during the last two years of his studies.

Following the completion of his mandatory military service between 1949 and 1951, Alafouzos was employed as the supervising engineer of construction works in the port of Piraeus.

In 1952, Alafouzos was able to obtain from the Greek Ministry of Public Works the first of a series of building contracts.

By late 1953 Alafouzos had completed overseeing the construction of a nickel complex in Larymna on the Gulf of Evia.

By August 1954 Alafouzos had managed to save enough money to enter the residential construction business.

By 1956 Alafouzos had amassed enough experience to receive the special license that would allow him to bid for major public works.

As a result, in that same year he founded "Aristidis Alafouzos" (which was later renamed "ATE ERGON") which subsequently played an important role in the postwar reconstruction of Greece.

The company's best known famous projects were the Mont Parnes Casino on Mount Parnitha overlooking the north western suburbs of Athens and the large Asteras Vouliagmenis luxury hotel on the southern coast of Athens, both of these projects enjoying the patronage of prime minister Constantine Karamanlis.

Other significant projects included the construction of the basic infrastructure of the Nestos and Axios valley roads.

In the 1960s, the Public Power Corporation entrusted the company with the construction of its power station at Ptolemaida in northern Greece.

This company ceased to operate in the late 1960s, when Alafouzos stopped working as a civil engineer, residing overseas while the country was ruled by the Greek junta between 1967 and 1974.

Prior to giving up engineering Alafouzos had decided in 1964 to carry on the family tradition in shipping which led to him self-financing (with the profits of his engineering business) the purchase of a secondhand ship in 1965.

By 1967 he had a fleet of five secondhand tramp steamers and bulk carriers.

In 1967 he ordered two ships from the British shipyard, a cargo ship from a Japanese shipyard, taking delivery of his first new build in 1968.

At the same time, he opened an office in Tokyo, that reflected the strong ties he had developed with the Japanese market.

He was to also established an office in Moscow.

In 1969, he ordered five ships from a German shipyard.

In the early 1970s Alafouzos founded the Glafki (Hellas) Maritime Company to manage his shipping interests.

In 1974, Alafouzos ordered ships of 140,000 dwt capacity of carrying both liquid and dry cargo from Ishikawajima-Harima Heavy Industries, in a joint venture with K-Line.

The company went on to order new ships at the end of the 1980s, acquiring 17 oil tankers.

In 1985 Alafouzos took advantage of the shipping slump to establish Kyklades Maritime Corporation with which he entered the oil tanker market by taking advantage of a crisis in the shipping sector to buy 16 tankers aged between three and 10 years at a very good price By the mid-1980s, Alafouzos’ shipping interests owned 42 new cargo ships, most built in Japan.

He opened an office in London, where he lived until April 1988.

In 1988, Alafouzos entered the world of media, when he purchased the Grammi SA publishing company during the auction sale of the assts of the banker George Koskotas.

This company published the iconic Greek newspaper Kathimerini.

In 2000 Alafouzos had 35 ships in his fleet.

Alafouzos’ shipping companies, Glafki Maritime and Kyklades Maritime Corporation have always kept the Greek flag, with both companies among the biggest Greek shipping firms.

Both of his children became involved in the companies, with Giannis going on to found the Ermis Maritime Corporation shipping company.

During Alafouzos’ shipping career he ordered more than 100 vessels (always with high specifications) from British, German, Japanese, Chinese and Korean shipyards.