Alkagesta Asia Pte Ltd, the Singapore entity of the Alkagesta Group, has achieved monthly bunker volumes of approximately 200,000 metric tonnes, according to the Bunker Market publication. Mithat Ciftcioglu, Marine Distribution Director at Alkagesta Singapore, stated that this volume is underpinned by the Group's $1.2 billion liquidity platform and strategic discipline.
The Singapore operation, established in late 2024, functions as a structured extension of Alkagesta's global energy platform. It has integrated the Group's governance and operational standards into the marine energy hub, with its management-led ownership team prioritising disciplined growth and operational excellence.
A key milestone for Alkagesta Asia was securing storage capacity at Horizon Terminal by mid-2025. This infrastructure provides direct control over quality, inventory, and delivery timing, which are critical factors in the competitive Singapore market, as reported by the publication.
The introduction of Low Sulphur Marine Gas Oil (LSMGO) in November 2025 contributed to the volume growth, with initial sales of 20,000–30,000 metric tonnes per month. By January 2026, total monthly sales comprised approximately 160,000–170,000 metric tonnes of VLSFO, 20,000–30,000 metric tonnes of LSMGO, and the remaining balance in HSFO.
Financial infrastructure is fundamental, with Alkagesta Asia utilising a trade finance facility from ING Singapore. At a group level, Alkagesta maintains relationships with 28 international banks, securing aggregate commodity trade finance facilities exceeding USD 1.2 billion to support its global and regional operations.
The company is also preparing for the industry's transition towards lower-carbon marine fuels, with plans to introduce biofuel flows as part of its long-term strategy. This aligns with the Group’s broader sustainable fuels roadmap, focusing on compliance, traceability, and operational readiness.
