Island Oil Holdings, a group of companies whose main commercial activities revolve around the supply and trading of marine bunker and lubricants, announces the appointment of Vangelis S. Marinakis to the newly created position of Chief Operating Officer of Island Oil Limited, with effect April 5th, 2021. Mr. Marinakis is bringing with him a wealth of 28 years’ experience in ship-management, shipbroking, commodity trading and fund management, having served in various Managerial and Directorship positions.

Chrysostomos Papavassiliou, Managing Director said: “I am very pleased to announce Vangelis’s appointment as COO. We are delighted to have someone of Vangelis’s calibre join Island Oil. His expertise in shipping operations management will be an enormous
asset to the company, as it fits in exceptionally well with its business model and approach. With his appointment we have filled a key role in the discipline of trader-supplier in the global bunker market and we welcome Vangelis as a very unique fit into the Island Oil family.”

“It is an honour to become a member of a group which values integrity, quality and customer satisfaction so highly.” said Vangelis S. Marinakis. “I am looking forward to contributing to Island Oil’s further strengthening and success.”