Island Petroleum acquires M/T ASTRAIA bunker tanker for Limassol physical supply

11:22 - 25 January 2024

Companies Reporter

Physical bunker supplier Island Petroleum, a subsidiary of Island Oil (Holdings), has announced the acquisition and utilisation of the vessel M/T ASTRAIA towards providing physical supply services of bunker fuels in Limassol.

Commenting on the acquisition, the firm’s Trading Manager and Executive Member on Island Oil (Holdings)’ Board of Directors, Elena Christodoulidou, said, “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.”

With a carrying capacity of 6,544 tonnes DWT, the M/T ASTRAIA is larger than the vessels in the company’s existing fleet in Limassol.

“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,” Christodoulidou added.

Island Petroleum, a physical supplier in Cyprus, Romania, and Israel, already offers a comprehensive range of bunker fuels in Limassol, including VLSFO and MGO, providing shipping companies with flexibility and options to meet their specific operational and regulatory requirements.

According to the company, its new vessel complies with the latest environmental regulations and employs best practices to minimise emissions and promote sustainability in maritime operations.

Island Petroleum is certified under ISO 9001, ISO 45001 and ISO 14001 and has recently been certified by the International Sustainability and Carbon Certification (ISCC EU) as recognised Traders of biofuels.

“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,” Christodoulidou said.

Island Petroleum acquires M/T ASTRAIA bunker tanker for Limassol physical supply

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