From Arbitrage to Bunkering Platform: Alkagesta in Singapore
Alkagesta had traded into Singapore since 2020, mostly through cargo arbitrage. In 2025, the company turned that flow into a permanent presence, establishing Alkagesta Asia Pte Ltd as a regional hub for physical marine fuels.
Alkagesta had traded into Singapore since 2020, mostly through cargo arbitrage. In 2025, the company turned that flow into a permanent presence, establishing Alkagesta Asia Pte Ltd as a regional hub for physical marine fuels.
The numbers moved fast. According to Ship & Bunker, the Singapore desk supplied about 160,000 MT in November 2025 and 180,000 MT in December, with a stated monthly target of 250,000 MT. Agshin Bakirzade, Commodity Trading Director for APAC, described the approach as "selective and strategic" — growth built on existing platforms rather than chasing volume.
Singapore was the natural base. As explained in Why Malta's Alkagesta chose Singapore to anchor its expansion across APAC, the port sat on the main Asian shipping lanes and handled close to a fifth of global container traffic. The team worked those links on the ground, including a documented visit in Alkagesta at Horizon Terminal Singapore, Jurong Island.
The physical business sat on the same foundation as everything else Alkagesta did: letters of credit, insurance, 28 international banking partners, and full KYC/AML and sanctions screening. ScandAsia called the hub a bridge between European governance and Asian growth, and IPS News recorded Pierre Gay describing Singapore as "a test of credibility."
The company set out its regional outlook in Singapore Marine Fuels 2026: Supply Resilience, and the launch was announced in Alkagesta Expands Singapore Commodity Trading Hub.
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