Uni-Fuels opens new office in Cyprus, expanding European presence

SINGAPORE - Marine fuel solutions provider Uni-Fuels Holdings Limited (NASDAQ:UFG) announced Tuesday the opening of a new office in Limassol, Cyprus, marking its first European location as part of its global expansion strategy. The company, with a market capitalization of approximately $35 million, has been profitable over the last twelve months despite its relatively small size in the marine fuels sector.

The Cyprus office joins recently established operations in Dubai and Shanghai, extending the Singapore-headquartered company's international footprint beyond Asia.

"The Mediterranean region offers a convergent blend of strategic location, evolving energy infrastructure, and hallmarks of a robust platform for delivering innovative, reliable, and cost-effective fuel solutions," said Alan Tan, Senior Vice President of Commercial at Uni-Fuels.

According to the company, the Limassol location will provide proximity to key shipping routes and trading hubs in Europe, allowing Uni-Fuels to strengthen supplier diversification and enhance supply resilience.

The new office aims to deliver localized expertise and operational support while gathering real-time market intelligence on fuel price variations, regulatory updates, and supply chain developments in the region.

Cyprus serves as a strategic point between traditional fuel markets and emerging green shipping corridors. Uni-Fuels, which is certified to provide alternative fuels, plans to coordinate low-emission fuel sourcing strategies aligned with environmental regulations.

Established in 2021, Uni-Fuels currently employs over 30 people across its global offices in Singapore, Seoul, Dubai, and Shanghai, with Limassol being the newest addition.

The information in this article is based on a company press release statement.

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