A milestone to match its name: 129Knots facilitates USD 129 million through bunker supplier-led liquidity products
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by Admin
Singapore-based marine trade platform 129Knots has closed its financial year on a coincidence: a financing milestone that echoes its own name.
The company facilitated USD 129,256,223 through its Trade Credit Support Programme in the ten months ended 30 September 2026, learned bunkering publication Manifold Times.
The “129” draws partly from Singapore’s latitude of 1.29°; it now also marks a milestone in the platform’s commercial development.
The figure comes against an ambition, set out in February as 129Knots entered its scale-up phase, to support up to USD 200 million in trade capital deployment through its funding partners over 18 months.
All of the financing was facilitated through supplier-led programmes, which support trade between physical marine fuel suppliers and their customers to ease the working capital constraints that can limit growth.
“The number made us smile, but what matters is the business behind it,” said 129Knots Co-founder and CEO Mahesh Kumar.
“Bunker suppliers and their customers have trusted us with real transactions, and reaching this level of activity in ten months means a great deal to the team.”
According to Kumar, several established funding partners are also actively pursuing opportunities to support marine fuel trade through the platform, in line with the programme’s broader aim of improving access to working capital across the industry.
As such, 129Knots is now focused on wider supplier participation and more trade within existing customer relationships.
“Our next phase is about helping suppliers build on the business they already know,” he highlighted.
“In the years to come, we want the programme to be a major facility that meets their exact business needs. There is still massive room to design very niche financial products in this market.”
Photo credit: 129Knots
Published: 8 October 2026
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