Alkagesta reports 1H 2026 progress and crude oil expansion
Alkagesta has released its 1H 2026 Performance Update, highlighting a strategic entry into crude oil trading with two Suezmax cargoes and continued growth in its Singapore marine fuel distribution business.
Alkagesta released its 1H 2026 Performance Update on 14 August 2026, detailing the group's operational progress and commercial activities during the first half of the year. The report highlights how the firm navigated significant volatility and supply-chain disruptions across agricultural and energy markets, which were driven by geopolitical tensions. Throughout this period, the company focused on maintaining reliable product availability for its global customer base through disciplined logistics, risk management, and sourcing strategies. These efforts supported energy security and agricultural supply chains across the group's core markets in Europe and Asia.
A notable development during the first half of 2026 was the group's expansion into crude oil trading. As part of a controlled strategy to develop this new business line, Alkagesta successfully executed two Suezmax cargoes. This move complements the company's existing activities in the energy and fuels sector, where it continues to support the supply of marine, aviation, transportation, and utility fuels. The group also reported that its Singapore-based marine fuels distribution business continues to scale, having established a firm sales run-rate of approximately 200 to 250 thousand tonnes per month, strengthening its regional market position.
In the aviation sector, the company has progressed its European Jet A1 distribution platform. This initiative follows the receipt of approval from a NATO agency, granting the group access to NATO pipeline infrastructure. Deliveries into the European market have already commenced as part of this project. Furthermore, the firm maintained its commitment to the fertilizer sector, ensuring the delivery of products to customers despite sustained market pressure. These operations were essential in supporting agricultural supply chains and meeting broader food-security requirements throughout the reporting period. The full performance update and the 2025 annual report are now available.
