We are pleased to announce the launch of our Seoul office.
This is our company’s latest expansion within the Far East and Southeast Asia markets, following the opening of our Hong Kong office last year. Additionally, Island Oil has several years of established presence in Singapore, along with a rep. office in Shanghai.
Mr. Yongje (Jayden) Choi will be heading the office as Business Development Manager. He brings a wealth of shipping knowledge along with an excellent reputation and a positive spirit.

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:

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.”