CYPRadar 🇨🇾🛩️ Island Oil expands fleet with acquisition of two new double-hull oil tankers
Limassol-based Island Oil (Holdings) Ltd has acquired two oil tankers, Island Polaris and Island Horizon, as part of its long-term strategy to strengthen marine fuel transportation in the Mediterranean and Black Sea regions. The double-hull vessels aim to enhance operational efficiency, fuel efficiency, and environmental compliance in line with the company’s ESG and decarbonisation goals.
CEO Chrysostomos Papavassiliou highlighted that the acquisition supports the company’s growth plans by improving service reliability and capacity across its marine logistics network. He emphasized the commitment to sustainable value and confidence in the maritime sector’s future.
This fleet expansion aligns with increased industry demands for efficient, low-emission shipping operations. Island Oil continues to invest in infrastructure and innovative energy solutions, reinforcing its role in providing safe and sustainable marine fuel services to global customers.
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