Island Oil announced the establishment of its Hong Kong trading office in a press release circulated on Wednesday. With more than 30 years of experience since its inception in Cyprus, the company continues its latest expansion into the Chinese and Far Eastern markets.

The office becomes the group’s 6th trading desk alongside offices in Cyprus, Greece, Singapore, UK and Shanghai (rep. office). Island Oil Ltd is the international marine fuels and lubricants trading arm of the Island Oil Holdings group which includes Island Petroleum, physical suppliers of marine fuels in Cyprus, Israel and Romania.

Mr. Vangelis Marinakis, COO of Island Oil, stated that “our company continues on its growth trajectory and expects the new trading office to be a significant contribution in the fulfilment of its vision to be among the most reliable energy and shipping services providers.”

The Hong Kong office will be led by Michell Kamphorst, Head of International Trading Asia, who established the Singapore desk in 2014. Marshall Chan has joined as a trader, while the Hong Kong office intends to add additional headcount in the forthcoming months.

“We aim to continue growing in a sustainable and ethical manner, always on the basis of mutuality, respect, and fairness.”, concluded Mr. Marinakis.
Source: Island Oil