Alkagesta said fuel diversification and the commercial expansion of lower-carbon marine fuels were prominent topics at SIBCON 2026 in Singapore, where its representatives attended industry sessions and met shipping and bunkering counterparts. In its account of the event, the company described supply security as a recurring concern throughout the week, alongside discussions about the sector’s longer-term fuel transition.
According to Alkagesta, conference sessions considered how biofuels, methanol and LNG could supplement conventional marine fuels across different vessel types and trading routes. The company linked those discussions to its own efforts to develop sustainable fuel capabilities, citing a five-year UCO feedstock offtake agreement and a multi-year agreement for biofuel storage at Pantank in Antwerp. It presented those arrangements as examples of changes already taking place within its trading business.
The conference discussions also addressed diversification as a means of managing fuel supply risks, Alkagesta reported. Using a broader range of fuels was discussed as a way to limit reliance on individual supply sources and strengthen operators’ resilience against continuing pressures in global energy markets. The company’s summary therefore placed the development of alternative fuels within both the decarbonisation agenda and the practical challenge of maintaining dependable marine energy supplies.
Moving beyond pilot projects was another focus. Alkagesta said industry leaders identified clear regulation, appropriate safety frameworks and access to finance as important conditions for bringing decarbonisation initiatives to commercial scale. Outside the formal programme, its team met shipowners, bunker traders, customers and suppliers to maintain existing relationships and explore potential collaboration across APAC.
Alkagesta’s delegation comprised 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 Afiq Salim, senior marine fuel trader.