Alkagesta Asia Reaches 200,000 MT Monthly Bunker Volume in Singapore

Alkagesta Asia Pte Ltd has established monthly bunker trading volumes of approximately 200,000 metric tonnes in Singapore, according to details disclosed by the company's Marine Distribution Director, Mithat Ciftcioglu, in an interview reported by Bunker Market. Established in late 2024 as part of the energy trading house's Asia-Pacific expansion, the Singapore operation operates within the group's centralized risk management and logistics framework, complementing existing global hubs in Malta, London, Dubai, and Geneva.

The company's physical distribution capabilities in Singapore are anchored by storage capacity secured at Horizon Terminal by mid-2025. Following the rollout of Low Sulphur Marine Gas Oil in November 2025 with initial monthly volumes of 20,000 to 30,000 metric tonnes, total monthly bunker sales expanded steadily to reach 200,000 metric tonnes by January 2026. As reported by Bunker Market, current monthly distributions comprise approximately 160,000 to 170,000 metric tonnes of Very Low Sulphur Fuel Oil, 20,000 to 30,000 metric tonnes of LSMGO, and a remaining balance of High Sulphur Fuel Oil.

To support its physical trading liquidity in Asia-Pacific, Alkagesta Asia established a dedicated trade finance facility with ING Singapore. On a broader corporate level, the wider Alkagesta group maintains credit relationships with 28 international financial institutions, securing aggregate commodity trade finance facilities exceeding $1.2 billion. Founded in Malta in 2018, the group operates across 17 global offices and representations, trading petroleum products, biofuels, steel, and fertilizers.

The regional expansion comes amid resilient marine energy demand, with total annual Singapore bunkering sales recorded at approximately 56.8 million metric tonnes in 2025, according to figures cited in the Bunker Market report. While shipping route realignments and geopolitical developments continue to generate price volatility across global basins, Alkagesta Asia is also making operational preparations to incorporate biofuel flows into its regional supply structure to align with broader decarbonisation targets.