DUBAI, UAE – July 25, 2025 – Island Oil (Holdings) Ltd, a leading global marine fuel and lubricants trading company, has officially launched its new international trading office in Dubai, United Arab Emirates, under the leadership of bunkering industry leader Mr. Kimihiro Kido. Opened on July 24, 2025, the Dubai office marks Island Oil’s seventh global trading desk, significantly expanding the company’s operational footprint across the Middle East, the Indian Subcontinent, and surrounding maritime markets.
The Dubai office is positioned to become a vital regional hub for Island Oil’s trading and service operations. Its establishment aligns with the company’s broader strategic goal of comprehensive global market coverage and deeper engagement with clients and suppliers in some of the world’s most dynamic shipping corridors.
Corporate Vision and Client-Centric Growth
Mr. Vangelis Marinakis, Chief Operating Officer of Island Oil, emphasized the importance of the move:
“The newly established office in Dubai represents a vital step toward achieving full marine fuel market coverage and enhancing our trusted partnerships with clients and suppliers. We plan to grow this office rapidly while upholding our core values of mutuality and respect, reinforcing our dedication to service excellence in these vital maritime corridors.”
Island Oil’s expansion into Dubai follows a period of sustained growth and reaffirms the company’s commitment to offering localized, efficient, and reliable services in one of the world’s most important marine fuel markets.
Strategic Leadership and Industry Expertise
Heading the Dubai office is Mr. Kimihiro Kido, appointed as Head of the Dubai Trading Desk. With over 20 years of international experience in marine fuels, Mr. Kido brings a strong track record in trading, operations, and leadership. His previous roles include:
- General Manager and Head of the London Branch at Toyota Tsusho Marine Fuels Corporation and TOYOTA TSUSHO PETROLEUM PTE LTD
- Assistant General Manager at Consort Bunkers Pte Ltd, Singapore – a position he held for over 13 years, gaining deep insight into global supply chains and bunkering operations.
“It is exciting to be part of Island Oil’s new endeavor in Dubai, which also marks a fresh chapter in my career,” said Mr. Kido. “Our team is committed to serving our associates with the utmost professionalism and ensuring a seamless experience in all transactions.”
About Island Oil
Founded in 1992 and headquartered in Limassol, Cyprus, Island Oil (Holdings) Ltd has grown into one of the maritime industry’s most respected names in marine fuel and lubricants trading. With a global team of approximately 300 shore and sea personnel, the company offers a full range of services to clients around the world.
Core Business Activities
- Marine Fuel Trading: VLSFO, MGO, and other marine fuel grades
- Physical Supply: Operated through a fleet of owned and managed bunker vessels in key locations
- Marine Lubricants: Global supply of lubricants tailored for vessel requirements
- Ship Ownership & Management: Small oil tankers, including IMO 2, IMO 3, and LPG/C vessels
- Ship Agency Services: Port agency coverage in Island Oil locations
- Domestic Fuel Supply: Active in select regional markets
- Compliance & Credit Systems: Strong vessel screening, compliance, and financial controls
Global Network & Locations
Island Oil is headquartered in Limassol, Cyprus, and maintains a growing network of trading offices in Piraeus, Singapore, London, Shanghai, Hong Kong, Constanta, Haifa, Seoul, and Dubai, which was officially opened in July 2025 as the company’s seventh global trading desk. The company also operates physical supply stations in Cyprus, Constanta, Haifa, and South Korea, reinforcing its operational footprint across Europe, the Middle East, and East Asia, and enabling efficient, localized service to clients in key maritime regions.
Island Oil’s global reach and controlled growth strategy allow it to provide dependable, high-quality services across a diverse and complex maritime landscape.
Island Oil is a proud member of several leading industry organizations, including the Cyprus Shipping Chamber, CYMEPA, The Institute of Chartered Shipbrokers, IBIA, and BIMCO, affirming its dedication to high standards and sustainability in maritime energy.
Source Island Oil (Holdings) Ltd