Island Oil expands its fleet with the acquisition of Island Polaris and Island Horizon
Island Oil is pleased to announce the acquisition of two oil tankers, Island Polaris and Island Horizon, further expanding its owned fleet and reinforcing the Company’s commitment to providing safe, reliable and efficient marine services.
The acquisition forms part of Island Oil’s long-term investment strategy aimed at strengthening its logistics capabilities and supporting the growing demand for marine fuel transportation across the Mediterranean and Black Sea. By strengthening its fleet with high-quality double-hull tankers, the Company continues to invest in operational excellence while maintaining the highest standards of safety and environmental compliance. Beyond its commercial rationale, the investment is fully aligned with the Group’s Environmental, Social, and Governance (ESG) strategy and its decarbonisation roadmap with new tonnage enhancing fuel efficiency and lowering greenhouse gas (GHG) emissions per tonne-mile.
The new vessels will support Island Oil’s expanding marine logistics operations, increasing transportation capacity while enhancing service reliability across the Company’s network of physical supply locations and international trading activities. As Island Oil continues to invest in its people, infrastructure and fleet, the Company remains focused on delivering innovative and dependable energy solutions to the global shipping industry while contributing to a safer and more sustainable maritime sector.
About Island Oil
Island Oil is a leading supplier in the marine fuel and energy sector, serving international shipping markets with a strong focus on reliability, operational excellence, and responsible business practices. The Group operates an integrated network of physical supply stations strategically located across the Eastern Mediterranean and the Black Sea — in Cyprus, Romania, and Israel — supported by an international footprint of offices in Limassol, Piraeus, Constanța, Haifa, Singapore, London, Hong Kong, Seoul and Dubai, enabling the Group to serve its customers reliably, competitively, and around the clock.
Media Contact
Eirini Pasanta
Communications Manager
Direct Line: +357 25889185
eirini.p@island-oil.com | Island Oil (Holdings) Ltd.
145-149 Chr. Hadjipavlou Str., Christiel Building, 3rd Floor, 3036 Limassol,
