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Limassol-Based Island Oil Receives ESG Shipping Social Leadership Award

by THEFUTURE.TEAM

May 22, 2026

Award Recognition At Athens Ceremony

Island Oil Holdings received the Silver Award in the Social Leader category at the ESG Shipping Awards International 2026 ceremony held in Athens on May 15. The award recognised the Limassol-based company’s performance in areas including employee wellbeing, inclusion, labour practices and broader social responsibility initiatives across its maritime operations.

Commitment To ESG And Ethical Governance

Dimitris Lemesianos, representing Island Oil at the ceremony, highlighted the group’s collective effort and steadfast adherence to ethical governance and sustainable practices. The Social Leader Award recognizes superior performance in social reporting, labor practices, human capital development, diversity, inclusion, and corporate social responsibility — pillars that have bolstered Island Oil’s enviable ESG journey.

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Expansive Maritime Services And Global Footprint

Founded in 1992 and headquartered in Limassol, Island Oil operates a diversified portfolio that extends across the global maritime sector. Initially focused on the supply and trading of marine fuels, the group now spans physical supply stations in Cyprus, Romania, and Israel, with trading desks in key financial and maritime hubs including Piraeus, Singapore, London, Hong Kong, Seoul, and Dubai. The expansion into marine lubricants, ship-agency services, technical supplies, and ship management has reinforced its position as a forward-thinking industry leader.

Leadership In Sustainability And Future Outlook

The award reflects broader efforts within the shipping industry to strengthen ESG standards and sustainability reporting practices. Island Oil has continued investing in management systems focused on health, safety, environmental compliance and sustainability performance. Other maritime companies, including Fleet Management Limited and V.Group, were also recognised in separate ESG Shipping Awards categories.

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Cyprus Has One Of The EU’s Oldest Teaching Workforces

by News Editor

August 18, 2026

Only 3% of teachers in Cyprus are under 30, putting the country alongside Portugal for the lowest share of young teachers in the European Union, according to a European Commission report. The figure is well below the EU average of 8%, while Malta has the highest proportion at 17%, followed by Belgium and Luxembourg at around 15%.

Cyprus is also the only EU member state identified in the report as having a surplus of teachers, despite the workforce being relatively old.

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Older Teachers Remain Highly Satisfied

The teaching profession appears to remain attractive to those already working in it. In 2024, 73% of Cypriot teachers said they were satisfied with their salaries, compared with just 37.3% across the EU. Job satisfaction was also high, reaching 93% in Cyprus versus 90% across the bloc.

The age gap is particularly visible in secondary education, where teachers in Cyprus averaged 46 years old in 2024, compared with 45 across OECD member states. Only 4% were under 30, while 33% were aged 50 or older.

Reform Could Change The System

The findings come as Cyprus moves toward the final stage of its teacher evaluation reform. Until August next year, vacancies will continue to be divided between the old appointment list and the newer system introduced in 2015.

From next September, first-appointment vacancies will be filled exclusively through the new list. The European Commission has meanwhile called for stronger efforts to attract and retain younger teachers, including through better working conditions and greater support for people entering the profession.