Alkagesta's Singapore platform is approaching 250,000 metric tonnes of monthly trading volume within its first year of operation, according to figures reported by Ship & Bunker and confirmed in the company's own first-half 2026 results.
The hub was opened to give the Malta-headquartered trader a physical presence in Asian marine and energy markets, where bunker demand and pricing increasingly set the tone for global product flows. Growth through the first half of 2026 came alongside a 53% year-on-year rise in group trading volumes to 4.9 million tonnes.
Singapore's role in the network is both commercial and logistical: it gives Alkagesta a second pricing window to Northwest Europe and the Mediterranean, and an alternative supply point when Middle East and Rhine choke points constrain prompt availability in Europe.
Regional conditions have been volatile. Middle Eastern fuel oil imports into Singapore surged in late July, lifting onshore heavy distillate stocks, while monthly bunker sales slipped as elevated premiums pushed some prompt demand toward Zhoushan and Port Klang.
Alkagesta has said scaling the Singapore book remains one of its 2026 strategic priorities, alongside crude oil trading, jet fuel distribution and further storage capacity across Europe and Asia, which now totals 700,000 cubic metres.
