Alkagesta discusses fuel transition strategies at SIBCON 2026

Alkagesta recently concluded its attendance at the SIBCON 2026 event held in Singapore, as reported by the firm. The company sent a delegation to the conference, which included Chief Executive Officer Orkhan Rustamov, Managing Director of Investments and Asset Management Tural Huseynov, and APAC Commodity Trading Director Agshin Bakirzade. They were joined by Marine Fuels Distribution Director Mithat Çiftçioğlu and Senior Marine Fuel Trader Afiq Salim. The team engaged in a series of industry sessions and networking opportunities with various global shipping and marine fuel stakeholders throughout the week to discuss the current state and future direction of the maritime sector.

The conference programme highlighted the industry’s shift toward a multi-fuel landscape, with significant focus placed on the integration of LNG, methanol, and biofuels across diverse trade routes and vessel classes. Alkagesta noted that these discussions align with its own strategic initiatives. The company is currently building its sustainable fuel capabilities, supported by a five-year offtake agreement for used cooking oil feedstock and a multi-year storage contract for biofuels at the Pantank terminal located in Antwerp. These agreements reflect the firm’s ongoing efforts to expand its presence within the evolving marine energy market.

Supply security emerged as a primary theme during the event, with participants examining how fuel diversification can serve as a risk management strategy. By reducing reliance on individual supply sources, operators may achieve greater resilience against the backdrop of ongoing energy market pressures. The sessions also explored the transition from pilot decarbonisation projects to full commercial implementation. Industry representatives emphasised that achieving this scale requires a combination of clear regulatory frameworks, established safety standards, and improved access to capital to support the necessary infrastructure and operational changes across the global fleet.

Beyond the formal agenda, the Singapore event served as a platform for Alkagesta to engage with a broad spectrum of industry counterparts. The delegation held meetings with shipowners, bunker traders, and existing business partners to strengthen established relationships. These interactions also provided a venue for exploring potential new collaborations within the APAC region. The company’s presence at the conference underscores its focus on maintaining market connections and aligning its operational strategy with the broader trends identified by global shipping leaders during the week of discussions.

The insights gathered during the conference sessions regarding fuel transitions and supply chain resilience highlight the evolving priorities for maritime operators. As the sector moves toward more complex fuel requirements, the emphasis on regulatory and financial enablers remains a critical factor for future development. Alkagesta’s participation in these high-level dialogues reflects its commitment to navigating the complexities of the energy transition while continuing to support the operational needs of its clients. The firm intends to leverage the connections and knowledge gained in Singapore to further its objectives in the marine fuels and commodity trading markets.