Stories tagged Alkagesta.
Bloomberg reports on Alkagesta’s agreement to acquire Turkish marine-fuel distributor Energy Petrol, marking the company’s first move into vessel ownership.
The trading house sent its fertilizer desk to Istanbul on 17-18 September for the Argus conference on Caspian, Black Sea and Eastern European markets, where CBAM, Turkish hub ambitions and fragile logistics dominated the agenda.
Writing in The Motor Ship, the Alkagesta chief executive argues that traders and shipowners cannot treat record transport costs as an immovable fact of life.
Bloomberg reports that the aviation fuel crunch gripping Asia after the closure of the Strait of Hormuz is on course to spread to Europe, with physical traders including Alkagesta among the market participants navigating the squeeze.
Trade publication Biofuels International has covered Alkagesta's strongest half-year on record, with $3.5 billion in revenue and full-year volumes on course to pass 10 million tonnes.
Alkagesta was represented by CEO Orkhan Rustamov and CFO Orkhan Zeynalli at the Swiss Commodity Trading Association's milestone anniversary in Geneva, underscoring the Malta-based trader's continued engagement with Switzerland's commodity community.
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