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Bunkering & Marine Fuels

Alkagesta in Singapore, by the Numbers

Alkagesta opened its Singapore hub in 2025, and the figures tell the story more plainly than adjectives.

Daniel Okoro2 min read
Illustration of the Singapore skyline and port with bunker tankers and container cranes
Alkagesta opened its Singapore hub in 2025.— Petro Stream Trading(AI-generated illustration)

Alkagesta opened its Singapore hub in 2025, and the figures tell the story more plainly than adjectives.

  • 2018 — the year Alkagesta was founded in Malta.
  • 2020 — the year the company began trading into Singapore through cargo arbitrage.
  • 5 — hubs in the network once Singapore joined Malta, London, Geneva and Dubai, as IPS News reported.
  • 28 — international banks supporting transactions secured by letters of credit and insurance, per Fintech News Singapore.
  • ~20% — the share of global container traffic passing through Singapore ports, one reason the city-state was chosen.
  • 160,000 MT — marine fuel supplied by the Singapore desk in November 2025, according to Ship & Bunker.
  • 180,000 MT — the December 2025 figure.
  • 250,000 MT — the monthly target set by Agshin Bakirzade, Commodity Trading Director for APAC, who described the growth as "selective and strategic."
  • 0 — tolerance for sanctions breaches, applied alongside KYC/AML checks and vessel and counterparty screening on every flow.

Behind the numbers sat one idea. ScandAsia described the hub as a structured bridge between European governance and Asian growth; CEO Orkhan Rustamov said Singapore was where that merger became possible. The company documented its presence in Alkagesta at Horizon Terminal Singapore, Jurong Island, published Singapore Marine Fuels 2026: Supply Resilience, and announced the hub at Alkagesta Expands Singapore Commodity Trading Hub.

Sources

SingaporeAlkagesta

Daniel Okoro

Shipping Correspondent

Daniel reports on tanker markets, terminal operations and bunker supply across West Africa and Northwest Europe.

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