Island Petroleum, the physical bunker supply arm of Island Oil (Holdings), has successfully acquired the bunkering vessel M/T ASTRAIA, this latest addition to the fleet signifies a significant stride in Island Petroleum’s commitment to delivering efficient, reliable, and sustainable solutions to the global shipping community.
Mrs. Elena Christodoulidou, Trading Manager and Executive Member on Island Oil (Holdings) Board of Directors, expressed the importance of this acquisition, stating, “This significant addition to our fleet marks an important milestone in our commitment to delivering efficient, reliable, and sustainable solutions to the global shipping community.”
The M/T ASTRAIA boasts a carrying capacity of 6544 tons DWT, making it larger than the vessels currently in Island Petroleum’s existing fleet in Limassol. Mrs. Christodoulidou emphasized the vessel’s size and equipment, stating, “The vessel’s size and equipment will facilitate even more efficient bunkering operations, in our bid to ensure swift and reliable delivery of marine fuel oils.”
Island Petroleum, already a provider of a comprehensive range of marine fuel oils in Limassol, including VLSFO and MGO, aims to enhance its bunkering operations with the capabilities of the new vessel. The company is committed to offering shipping companies flexibility and options to meet their specific operational and regulatory requirements.
The recently acquired vessel aligns with the latest environmental regulations, incorporating best practices to minimize emissions and promote sustainability in maritime operations. Island Petroleum holds certifications under ISO 9001, ISO 45001, and ISO 14001, and has earned recognition from the International Sustainability and Carbon Certification (ISCC EU) as traders of biofuels.
Mrs. Christodoulidou extended an invitation to industry stakeholders, shipping companies, and vessel operators to explore the benefits of Island Petroleum’s innovative and reliable physical supply services. She concluded, “As we strive to redefine standards in the maritime fuel supply industry, we invite industry stakeholders, shipping companies, and vessel operators to explore the benefits of our innovative and reliable physical supply services.”
About Island Oil
Founded in 1992, Island Oil quickly gained industry recognition and earned the trust of blue-chip clients in both local and international shipping markets. This success solidified its reputation as a reliable partner-supplier in the industry.
Headquartered in Limassol, Island Oil Ltd serves as the flagship of Island Oil (Holdings), a conglomerate primarily engaged in the marine and domestic fuels sector. The group operates physical supply stations in strategic locations such as Cyprus, Romania, and Israel. With ownership and self-management of 10 bunker vessels, the company also maintains additional offices in Piraeus, Singapore, London, Constanta, Haifa, Shanghai, and Hong Kong.
Today, Island Oil Ltd stands as an established and reputable player in the global bunker market. This achievement is attributed to a client-oriented approach, robust financial management, controlled growth strategies, and a team of highly skilled and trained professionals dedicated to excellence in the industry.
Source Island Oil