Alkagesta Asia bunker sales reach 200,000 tonnes a month

Alkagesta Asia increased its bunker fuel sales to approximately 200,000 tonnes per month by January 2026, following the addition of Singapore storage capacity and low-sulphur marine gasoil supply. Marine Distribution Director Mithat Ciftcioglu said the business had built volumes progressively since establishing its Singapore operation in late 2024.

The company entered Singapore as part of Alkagesta’s wider Asia-Pacific strategy, connecting the office with the group’s trading, logistics, risk and compliance systems. According to Ciftcioglu, the expansion was intended to improve execution in a major marine fuel centre rather than pursue rapid volume growth. The group also operates hubs in Malta, London, Dubai and Geneva.

Storage supports physical supply

Alkagesta Asia secured capacity at Horizon Terminal by the middle of 2025, allowing it to hold and distribute marine fuels directly instead of depending entirely on third-party infrastructure. Ciftcioglu said the arrangement provided greater oversight of stocks, product specifications and delivery schedules. The physical platform has supported an expanding customer base and the subsequent rise in monthly sales.

Low-sulphur marine gasoil was added to the Singapore portfolio in November 2025, initially accounting for around 20,000-30,000 tonnes per month. By January, the company’s total monthly bunker sales comprised about 160,000-170,000 tonnes of very-low-sulphur fuel oil and 20,000-30,000 tonnes of LSMGO. High-sulphur fuel oil made up the balance of the approximately 200,000-tonne total.

Finance platform backs trading flows

The Singapore business has arranged a commodity trade finance facility with ING Singapore to provide liquidity for its trading activity, Ciftcioglu said. Across the wider group, Alkagesta works with 28 international banks and has access to aggregate commodity finance facilities of more than $1.2 billion. The company said its Singapore transactions are handled under group-wide controls covering risk management, regulatory compliance, documentation and sanctions procedures.

Ciftcioglu identified geopolitical developments, changes to shipping routes, sanctions-driven trade shifts and altered crude and refined-product flows as factors affecting regional bunker availability and prices. He said demand conditions remained supportive, with seaborne trade expected to underpin global marine fuel consumption during 2026. Singapore recorded annual marine fuel sales of approximately 56.8 million tonnes in 2025, supported by its infrastructure and regulatory framework.