Island Oil has expanded its marine fuel logistics footprint with the acquisition of two oil tankers, the Island Polaris and Island Horizon. The additions enhance the Limassol-headquartered supplier’s self-managed bunker fleet, strengthening fuel delivery capabilities across the Mediterranean and key global shipping corridors.
Limassol | July 8, 2026 – Marine fuel supplier and trader Island Oil has announced the acquisition of two oil tankers, the Island Polaris and Island Horizon, marking a significant expansion of its physical delivery fleet. The additions strengthen the Cyprus-headquartered company’s marine logistics footprint and enhance its capacity to deliver bunker fuels across key Mediterranean shipping hubs and broader international trade routes.
The fleet expansion aligns with Island Oil’s long-term growth strategy to scale its self-managed fleet while meeting evolving operational and environmental standards across the global shipping sector.
Scaling Physical Bunkering Capabilities
The addition of Island Polaris and Island Horizon builds on Island Oil’s established physical supply network, which currently spans key locations across the Eastern Mediterranean and Black Sea.
With these modern vessels integrated into its logistics network, Island Oil aims to streamline supply operations, optimize vessel scheduling, and ensure reliable delivery to international shipowners traversing primary East-West trade lanes.
“This milestone marks another important step in our long-term growth strategy, expanding our marine logistics footprint and enhancing our ability to provide safe, reliable, and efficient marine fuel transportation across the Mediterranean and other strategic shipping corridors.” Island oil Stated “With the addition of these modern, high-quality vessels, we enhance our operational capabilities while reinforcing our commitment to safety, environmental responsibility, and dependable service. The arrival of Island Polaris and Island Horizon represents our steady course toward safer seas, stronger service, and a sustainable maritime future.”
Operational Highlights
- Fleet Expansion: Adds two modern oil tankers, Island Polaris and Island Horizon, to Island Oil’s physical bunkering assets.
- Geographic Focus: Strengthens delivery capabilities across the Mediterranean and strategic international shipping lanes.
- Logistics Control: Enhances self-managed vessel capacity to ensure strict adherence to marine safety, fuel quality, and environmental compliance.
About Island Oil
Founded in 1992 and headquartered in Limassol, Island Oil Ltd is the flagship entity of Island Oil (Holdings), a group of companies specializing in marine and domestic fuels. Island Oil operates physical supply hubs in Cyprus, Romania, and Israel, supported by a self-managed fleet of ten bunker vessels and international trading offices in Piraeus, Singapore, Hong Kong, Seoul, and London. Backed by over three decades of operational experience, the company serves blue-chip global shipping clients with reliable, client-focused fueling solutions.
Source: Island Oil