Island Oil Holdings is a diversified group of companies that primarily deals with the supply and trading of marine fuels. Founded in Limassol in 1992, Island Oil has since expanded and been embraced by the maritime industry as a most reliable partner. Entrusted by blue-chip clients from local and international shipping markets, the group has built a strong reputation through its human-centric values and its culture of conducting business based on trust and mutuality. 

Headquartered in Limassol, the group has physical supply stations in Cyprus, Romania, and Israel, along with additional offices in Piraeus, Singapore, London, Hong Kong, and Seoul.

Additional services include the international trading of marine spare parts through the subsidiary NavTech Supplies Ltd and the supply of fuels for the onshore light industrial and hotels market in Cyprus through subsidiary EJ Papadakis Ltd. The group also has an in-house ship management company, Petronav Ship Management Ltd, a fully owned subsidiary which manages the vessels operated for physical bunkering.

Island Oil Holdings owns 12 tanker vessels for the supply of marine fuels, nine of which are operated by Island Petroleum Ltd in Cyprus, Romania, and Israel. Emphasizing quality and reliability, Island Petroleum performs own product analyses to safeguard conformity to the specifications ordered by the customer. Additionally, through structured organization and strong operational supervision, Island Petroleum minimizes the customers’ waiting time, from free pratique to barge alongside. Behind the company is a dedicated price risk management team offering tailored advice and fixed forward contracts. With an abundance of trade finance lines and excellent credit rating, Island Petroleum can form a dedicated long-term supplier for your marine fuel needs in the Eastern Mediterranean and Black Sea.

Island Oil Ltd is the group’s arm for global trading of marine fuels, with trading desks operating out of 6 different countries. Over thirty years, Island Oil has built a stellar reputation through a genuine client-oriented approach, strong financial management, controlled growth, and a highly skilled and trained team of professionals. The company enjoys healthy credit lines from energy majors and first-class physical suppliers. Through thorough vetting of physical suppliers, Island Oil ensures that delays and disputes are avoided for its customers. The company’s excellent credit rating, payment reputation, and plentiful trade finance lines guarantee a fruitful partnership.

With the sustained growth of the group has come a maturity that allows it to efficaciously navigate the ever-changing shipping and energy markets. To this effect, the group has developed EU ETS solutions for the marine fuels industry so that customers can rest assured that they will receive practical consultation in this crucial matter. Additionally, foreseeing increased demand for alternative marine fuels, Island Oil was recently certified by the ISCC as a biofuels trader. Furthermore, the group has established strategic partnerships with accredited startups and research institutions to develop biomethane fuel solutions for onshore and offshore applications in Cyprus. 

These steps have been taken in line with the group’s ESG strategy. Finally, Island Oil Holdings is close to finalizing a Decarbonization Strategy which will accelerate the group’s path towards a more sustainable future.