About the company

Island Oil Holdings

Founded in 1992, the company primarily dealt with the marine bunker, lubricant supply and trading. Island Oil was quickly embraced by the industry and was entrusted by blue chip clients from local and international shipping markets, building a strong reputation as a reliable partner-supplier.

Headquartered in Limassol, Island Oil Ltd is the flagship of a group of companies mainly active in the marine and domestic fuels sector. The company has physical supply stations in Cyprus, Romania, Israel, and offices in Limassol, Piraeus, Singapore, Hong Kong, London, Constanta and Haifa.

Above all we Supply… Peace of Mind

Our Services

What we do

Island Petroleum Limited, sister company to Island Oil Limited is a regional market leader in physical supply of marine ...

Learn More

Island Petroleum Limited is a leading physical supplier in Constanta Romania, offering Marine Fuels as follows

Learn More

Island Petroleum Limited, a subsidiary of Island Oil (Holdings) Limited, are physical suppliers in Israel Haifa since 10...

Learn More

Through its offices in Limassol, Piraeus, Singapore and London Island Oil offers marine bunkers for supply at all availa...

Learn More

In recent years, the company entered the cargo supply and trade of bunkers. Cargo parcels are offered on FOB and CIF bas...

Learn More

Island Oil offers ship-agency services for 'bunkers-only calls'. This is an important 'add-on' to the bunker supply oper...

Learn More

Island Oil is a recognized lubricants supplier of Lube-Oil major brands, both locally and internationally.

Learn More

With E.J. Papadakis Ltd, established in 1974, the company supplies to its loyal clientele, LPG, LFO, Gasoil and Lubrican...

Learn More

Petronav Ship Management Limited (PSL), established in 1998, offers comprehensive shipmanagement services.

Learn More

Danaos Systems (Cyprus) was established in 2003 and is a subsidiary of Danaos Management Consultants, established in 198...

Learn More

NavTech Supplies Limited, a member of the Island Oil (Holdings) Group was established to supply the highest quality spar...

Learn More
In the Numbers

30 + years of experience

Owned Vessels
Physical Supply Ports
Countries with Office Presence
Onshore and Offshore Staff

Corporate Video

Our Blog

Latest Posts

New composition for Board of Directors

We are pleased to announce the new composition of the Board of Directors for Island Oil (Holdings). Most apparent is the enlargement of the Board, which is now comprised of seven members, with the appointment of three new Executive Members from within the group, along with the appointment of a new Non-Executive Member. The new composition of the Board is as follows:

February 7, 2024
Island Oil companies attain ISCC EU Certification as Biofuel Traders

Two companies in the Island Oil Holdings group have attained the International Sustainability and Carbon Certification (ISCC EU) as recognized Traders of biofuels.
In particular, Island Oil Limited, the group’s marine fuels trading arm, has attained certification as Trader of biofuels. Additionally, Island Petroleum Limited, which offers physical supply of marine fuels, has achieved the same certification as Trader with Storage of biofuels.
Chrysostomos Papavassiliou, the group’s founder and CEO stated that, “the ISCC certification reflects our unwavering commitment to sustainable and responsible practices within the marine fuel supply chain.”

January 3, 2024
Island Oil establishes Hong Kong presence with new office

Island Oil is pleased to announce the establishment of its Hong Kong trading office. With more than 30 years of experience since its inception in Cyprus, the company continues its latest expansion into the Chinese and Far Eastern markets. The office becomes the group’s 6th trading desk alongside offices in Cyprus, Greece, Singapore, UK and Shanghai (rep. office). Island Oil Ltd is the international marine fuels and lubricants trading arm of the Island Oil Holdings group which includes Island Petroleum, physical suppliers of marine fuels in Cyprus, Israel and Romania.
Mr. Vangelis Marinakis, COO of Island Oil, stated that “our company continues on its growth trajectory and expects the new trading office to be a significant contribution in the fulfilment of its vision to be among the most reliable energy and shipping services providers.”
The Hong Kong office will be led by Michell Kamphorst, Head of International Trading Asia, who established the Singapore desk in 2014. Marshall Chan has joined as a trader, while the Hong Kong office intends to add additional headcount in the forthcoming months.
“We aim to continue growing in a sustainable and ethical manner, always on the basis of mutuality, respect, and fairness.”, concluded Mr. Marinakis.

December 20, 2023

Keep in touch with us.

Keep up with our company’s latest news and projects.

This website uses cookies and asks your personal data to enhance your browsing experience.