Alkagesta said fuel diversification, supply security and the commercial expansion of lower-emission marine fuels were central themes at SIBCON 2026 in Singapore, where its team attended industry sessions and held meetings with shipping and bunker market participants. In its account of the week, the company linked those discussions to the development of its own sustainable fuels capabilities.
According to Alkagesta, conference sessions explored how biofuels, methanol and LNG could be used alongside conventional marine fuels, with their roles varying by vessel type and trade route. The company pointed to a five-year UCO feedstock offtake agreement and a multi-year agreement for biofuel storage at Pantank in Antwerp as examples of activity already under way within its trading platform. Those arrangements formed the backdrop to its account of the industry’s shift towards a broader fuel mix.
Supply reliability was another recurring subject, Alkagesta reported. Discussions presented diversification as a means of managing risk by limiting reliance on individual sources of supply. The company’s summary connected that approach with efforts to improve operators’ resilience against continuing supply pressures in global energy markets. Its account therefore placed the move towards multiple fuels in the context of both decarbonisation and energy supply security.
The conference also considered the obstacles to taking decarbonisation projects beyond trials and into commercial operations. Alkagesta said industry leaders identified clearer regulation, safety frameworks and access to finance as important conditions for that expansion. Alongside the formal programme, the company met shipowners, bunker traders, customers, suppliers and other industry counterparts, describing those exchanges as opportunities to maintain existing relationships and discuss potential collaboration across the Asia-Pacific region.
Alkagesta’s delegation included founder and chief executive Orkhan Rustamov; Tural Huseynov, managing director for investments and asset management; Agshin Bakirzade, commodity trading director for APAC; Mithat Çiftçioğlu, marine fuels distribution director; and senior marine fuel trader Afiq Salim.
Read the original announcement on Alkagesta.