Medpool
Medpool is a Cyprus-based marine lubricant procurement specialist serving ship owners, charterers, operators, and managers globally via 250 suppliers across 1800+ ports. Founded in 2005, the Kaeline Group affiliate manages 50 million litres annually across 1500+ vessels.
- Company typePrivate
- Founded2005
- HeadquartersNicosia, Cyprus
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Medpool does
Medpool Ltd, founded in 2005 and headquartered in Limassol, Cyprus, is a marine lubricant procurement specialist that operates as an outsourced management partner for ship owners, charterers, operators, and ship managers. The company pools demand across 1500+ vessels under procurement contract and negotiates collectively with 250 suppliers to secure marine lubricants, fuel additives, chemicals, and gases across 1800+ supply ports worldwide, delivering approximately 50 million litres annually. Through its Limassol headquarters and Piraeus (Greece) regional office, Medpool provides round-the-clock technical and procurement support, including an Oil Condition Monitoring (OCM) program, advanced laboratory lubricant analysis, cylinder condition monitoring, and tailor-made lubrication solutions backed by claimed 250 years of combined team experience.
Medpool's offering is anchored by a proprietary Digital Optimisation Platform that digitizes procurement workflows—contract uploading, port and product comparison, noon-report-based ROB (remaining on board) tank tracking, lube chart management, system integration, and customizable reporting filtered by vessel, port, product, and supplier. The company also maintains a Marine Lubricants Equivalence Table enabling cross-referencing across 22 major brands including ExxonMobil, Total Lubmarine, Shell, Castrol, Gulf Oil Marine, Chevron/Caltex, Lukoil, Sinopec, and others. Operationally, Medpool is a member of the Kaeline Group, a diversified maritime conglomerate that provides strategic oversight and shared infrastructure, with Nicholas Lambrakis serving as Managing Director of both Medpool and Kaeline Group.
The business model combines a transaction-fee structure on lubricant procurement with professional services revenue from technical consulting, laboratory analysis, and condition monitoring programs. Pricing is bespoke and undisclosed, executed via member contracts tailored to each client's operational profile. The company markets primarily through maritime industry events (Saudi Maritime Congress, East Med Expo), corporate communications, and targeted sponsorships (Famagusta Nautical Club), with a small headcount of approximately 10 listed personnel across sales, operations, accounting, and credit control functions supporting the global procurement operation.
Medpool firmographics
Firmographics- Name
- Medpool
- Legal name
- Medpool Ltd
- Website
- https://medpool.com.cy
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Medpool is a Cyprus-based marine lubricant procurement specialist serving ship owners, charterers, operators, and managers globally via 250 suppliers across 1800+ ports. Founded in 2005, the Kaeline Group affiliate manages 50 million litres annually across 1500+ vessels.
- Ownership category
- akta.pro rank
Medpool industry classification
Industry- Product category
- Marine Lubricant Management Services
- NAICS
- Support Activities for Water Transportation (4883)
- SIC
- Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Marine Lubricants Supply & Services (Cylinder/System Oils) (TLAHAKAJ)
- akta.pro secondary industries
- Marine Lubricants (IMAEAMAM), Marine MRO Parts & Consumables Distribution (TLAKAOAJ)
Keywords
Where Medpool is headquartered
LocationHeadquarters
- HQ city
- Nicosia
- HQ country
- Cyprus
- HQ region
- Europe
Offices2 records
Markets served
Medpool business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Lubricant Procurement Services: Medpool acts as an outsourced lubricant management specialist, negotiating with suppliers on behalf of member vessel owners and providing both technical and procurement solutions. The company handles communication and operations while members focus on their core business.
- Technical and Consulting Services: Provides technical support, lubricant analysis, cylinder condition monitoring, and tailor-made solutions to optimize machinery performance and reduce operational costs
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Medpool product offering
Product offeringCore offering
Medpool is an outsourced marine lubricant management specialist that negotiates with lubricant suppliers on behalf of ship owners, charterers, operators, and ship managers. It ensures the right lubricants in the right quantities at the right time across 1,800+ supply ports globally through a pool of 1,500+ vessels, supported by a Digital Optimisation Platform, vessel tracking tools, and laboratory-based Oil Condition Monitoring (OCM) services.
Product overview
Medpool offers a unified marine lubricant management solution comprising core services (Lubricant Management, Port Optimisation, Lubricant Analysis, Cylinder Condition Monitoring, Tailor-Made Solutions, and Technical Support) augmented by a proprietary Digital Optimisation Platform. The platform digitizes procurement workflows including contract management, vessel tank tracking, and custom reporting. A Marine Lubricants Equivalence Table provides cross-reference capabilities across 22 major brands. Together these form an integrated package enabling vessel owners and ship managers to outsource lubricant supply management.
Differentiator
Problem solved
Functional benefit
Products and services
- Lubricant Management Services Comprehensive lubricant management service ensuring the right lubricants in the right quantities at the right time, optimising usage while adhering to industry regulations and best practices. Provided to ship owners, charterers, operators, and ship managers globally.
- Port Optimisation
Quantifiable outcome
- 50 million litres delivered annually across 1500+ vessels
- +2 more outcomes
Companies that use Medpool
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Medpool technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Medpool partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Hamburg Trading HousecoreHamburg Trading House partnered with Shell Lubricant Solutions to host an innovation event featuring Shell's marine lubricant solutions. Nicholas Lambrakis, Managing Director of Kaeline Group, participated as a speaker. The partnership showcases high-performance products including Shell Alexia 40 XC for modern low-speed 2-stroke diesel engines.
- Shell Lubricant SolutionscoreShell is featured as a key brand partner providing marine lubricant solutions. Products include Shell Alexia 40 XC (revolutionary 40 BN high-performance CLO for modern low-speed 2-stroke diesel engines) and Shell Sirius S4 15W-40 for offshore vessels. Shell's history dates back to 1907 with commitment to environmental responsibility.
- Famagusta Nautical ClubminorPartnership with Famagusta Nautical Club as sponsor for R.O.C. (Regatta of Champions) event organized by the club. The partnership supports youth sailing in the Optimist Class and enhances brand visibility in the maritime community.
- Kaeline GroupcoreMedpool is proudly affiliated with the Kaeline Group, operating as a member company. The Group provides strategic oversight and shared services, with Medpool serving as the marine lubricant management division. The partnership enables global operations with round-the-clock support through the Group's infrastructure.
- Leading Lubricant BrandscoreMedpool supplies lubricants from the marine market's leading brands including ExxonMobil, Total Lubmarine, Shell, Castrol, Gulf Oil Marine, Chevron/Caltex, Lukoil, Sinopec, JX Nippon, Repsol YPF, ENOC, AVIN, Petrobrás, Agip, and others. Their equivalence table provides cross-reference capabilities across all major brands.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
Medpool competitors and assessment
Company assessmentDirect peers
- Unimarine Group: Marine lubricant procurement and supply specialist headquartered in Europe, serving ship owners and operators. Closest direct competitor to Medpool with the same outsourced-lubricant-management business model.
- VPS (Veritas Petroleum Services): Independent global marine fuel and lubricant testing and condition-monitoring specialist serving ship owners and charterers. VPS's bunker/lube quality testing and OCM services directly overlap with Medpool's lubricant analysis and Oil Condition Monitoring offerings.
Broad incumbents
- Wilhelmsen: Global maritime products and services group with marine lubricant supply and ship supply operations. Wilhelmsen offers lubricant procurement and supply at much broader scale and geographic reach than Medpool, overlapping on customer base and product line.
- Wärtsilä: Global marine technology and services company with engine lubrication services, condition monitoring, and lifecycle support for ship operators. Wärtsilä's services portfolio overlaps with Medpool's technical and condition-monitoring offerings as part of a much wider marine services suite.
- Wrist Ship Supply: Global marine supply and logistics company delivering provisions, technical stores, and marine lubricants to vessels at port. Wrist overlaps with Medpool on marine lubricant supply but as part of a broader ship-supply portfolio.
Regional players
- Peninsula Petroleum: Major independent marine fuel and lubricant supplier focused on Asia-Pacific and Mediterranean bunker hubs. Peninsula is comparable as a marine lubricant procurement counterpart but is stronger in Asia where Medpool has no presence.
- Bunker One: Global marine fuel and lubricant trading and supply company headquartered in Denmark. Bunker One is comparable as a marine lubricant supplier but operates a different model (physical trading) versus Medpool's procurement-pool structure.
Emerging players
- OceanConnect Marine: Digital marine fuel and lubricant procurement marketplace connecting buyers and suppliers globally. OceanConnect overlaps with Medpool on procurement-platform functionality but does not yet offer Medpool's OCM and lab analysis layer.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Medpool social profiles
Digital presenceMedpool financial estimates
Financial estimateRevenue estimate
Valuation estimate
Medpool leadership team
Management profileNumber of profiles
Profiles10 records
Medpool funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Medpool M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Medpool
What does Medpool do?
Medpool is an outsourced marine lubricant management specialist that negotiates with lubricant suppliers on behalf of ship owners, charterers, operators, and ship managers. It ensures the right lubricants in the right quantities at the right time across 1,800+ supply ports globally through a pool of 1,500+ vessels, supported by a Digital Optimisation Platform, vessel tracking tools, and laboratory-based Oil Condition Monitoring (OCM) services.
Is Medpool a public or private company?
Medpool is a private company. It is classified as corporate owned and is currently operating.
When was Medpool founded?
Medpool was founded in 2005. It employs 11 to 50 people.
Where is Medpool based?
Medpool is headquartered in Nicosia, Cyprus, in the Europe region.
How does Medpool make money?
Two revenue lines are on record. Lubricant Procurement Services are the primary driver. The others are technical and Consulting Services.
Who are Medpool's main competitors?
Direct peers on record are Unimarine Group and VPS (Veritas Petroleum Services). Broad incumbents are Wilhelmsen, Wärtsilä and Wrist Ship Supply. Regional players are Peninsula Petroleum and Bunker One. OceanConnect Marine is listed as an emerging player.
Does Medpool have an API?
No public API is recorded for Medpool.
What industry is Medpool in?
Medpool's product category is Marine Lubricant Management Services. Its primary akta.pro industry code is TLAHAKAJ, Marine Lubricants Supply & Services (Cylinder/System Oils), with a secondary code of IMAEAMAM, Marine Lubricants. Its NAICS code is 4883 and its SIC code is 3533.