Alkagesta takes ownership of eight bunker vessels with Energy Petrol deal

Malta-based commodity trader Alkagesta has completed its purchase of Istanbul bunker supplier Energy Petrol.

IMAGE: Loading cargo on a container ship at Istanbul,Turkey. Getty Images

The deal marks Alkagesta’s first move into owning vessels, the company said. Along with the fleet, it brings a long-term lease on 28,000 cbm of storage tanks at a terminal in Gebze.

Alkagesta says Energy Petrol ranks third among physical bunker suppliers in the port of Istanbul. Energy Petrol, founded in 1997, will keep trading under its own name.

Alkagesta agreed to buy the company in October, and the share transfer is now complete.

Last month, Alkagesta made its first physical bunker delivery, supplying a ship by truck at Romania’s Port of Constanța.

By Gautamee Hazarika

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