CBL International Limited Announces Name Change of Singapore Subsidiary to Support Regional Growth Strategy
CBL International Limited (NASDAQ: BANL) has announced the renaming of its Singapore subsidiary from Majestic Energy to Banle International (Singapore) Pte Ltd. This change aligns with the company's regional growth strategy and focus on sustainable fuels. Singapore, the world's largest bunkering hub, recorded 55 million metric tons in annual sales in 2024, a 6% year-over-year increase.
The company has shown remarkable growth, with Singapore revenue increasing 102% year-over-year in 2024. CBL's biofuel business has been particularly successful, with sales volumes and revenue surging over 600% year-over-year in 2024. The company launched biofuel supply services in Singapore in March 2025, expanding to Malaysia, Hong Kong, and various Chinese ports.
CBL International Limited (NASDAQ: BANL) ha annunciato il cambio di nome della sua filiale a Singapore, da Majestic Energy a Banle International (Singapore) Pte Ltd. Questa modifica è in linea con la strategia di crescita regionale dell'azienda e il suo impegno verso i carburanti sostenibili. Singapore, il più grande hub mondiale per il bunkeraggio, ha registrato 55 milioni di tonnellate metriche di vendite annuali nel 2024, con un incremento del 6% rispetto all'anno precedente.
L'azienda ha mostrato una crescita notevole, con un aumento del 102% del fatturato a Singapore anno su anno nel 2024. Il settore dei biocarburanti di CBL è stato particolarmente performante, con volumi di vendita e ricavi cresciuti di oltre il 600% rispetto all'anno precedente nel 2024. L'azienda ha lanciato i servizi di fornitura di biocarburanti a Singapore nel marzo 2025, espandendosi poi in Malesia, Hong Kong e in diversi porti cinesi.
CBL International Limited (NASDAQ: BANL) ha anunciado el cambio de nombre de su filial en Singapur, de Majestic Energy a Banle International (Singapore) Pte Ltd. Este cambio se alinea con la estrategia de crecimiento regional de la empresa y su enfoque en combustibles sostenibles. Singapur, el mayor centro mundial de abastecimiento de combustible para barcos, registró 55 millones de toneladas métricas en ventas anuales en 2024, con un aumento del 6% interanual.
La compañía ha mostrado un crecimiento notable, con un aumento del 102% en ingresos en Singapur año tras año en 2024. El negocio de biocombustibles de CBL ha sido especialmente exitoso, con volúmenes de venta e ingresos que se dispararon más de un 600% interanual en 2024. La empresa lanzó servicios de suministro de biocombustibles en Singapur en marzo de 2025, expandiéndose a Malasia, Hong Kong y varios puertos chinos.
CBL International Limited (NASDAQ: BANL)은 싱가포르 자회사 이름을 Majestic Energy에서 Banle International (Singapore) Pte Ltd로 변경했다고 발표했습니다. 이번 변경은 회사의 지역 성장 전략과 지속 가능한 연료에 대한 집중을 반영합니다. 세계 최대 벙커링 허브인 싱가포르는 2024년에 연간 5,500만 미터톤의 판매량을 기록하며 전년 대비 6% 증가했습니다.
회사는 2024년 싱가포르 매출이 전년 대비 102% 증가하는 등 놀라운 성장을 보였습니다. 특히 CBL의 바이오연료 사업은 2024년에 판매량과 매출이 전년 대비 600% 이상 급증하며 큰 성공을 거두었습니다. 회사는 2025년 3월 싱가포르에서 바이오연료 공급 서비스를 시작했으며, 이후 말레이시아, 홍콩, 중국 내 여러 항구로 확장하고 있습니다.
CBL International Limited (NASDAQ : BANL) a annoncé le changement de nom de sa filiale à Singapour, passant de Majestic Energy à Banle International (Singapore) Pte Ltd. Ce changement s’inscrit dans la stratégie de croissance régionale de l’entreprise et son orientation vers les carburants durables. Singapour, plus grand centre mondial de ravitaillement en carburant, a enregistré 55 millions de tonnes métriques de ventes annuelles en 2024, soit une augmentation de 6 % par rapport à l’année précédente.
L’entreprise a connu une croissance remarquable, avec une augmentation de 102 % du chiffre d’affaires à Singapour en glissement annuel en 2024. Le secteur des biocarburants de CBL a été particulièrement performant, avec des volumes de ventes et des revenus en hausse de plus de 600 % en glissement annuel en 2024. La société a lancé ses services d’approvisionnement en biocarburants à Singapour en mars 2025, avant de s’étendre en Malaisie, à Hong Kong et dans plusieurs ports chinois.
CBL International Limited (NASDAQ: BANL) hat die Umbenennung seiner Tochtergesellschaft in Singapur von Majestic Energy in Banle International (Singapore) Pte Ltd bekannt gegeben. Diese Änderung steht im Einklang mit der regionalen Wachstumsstrategie des Unternehmens und dem Fokus auf nachhaltige Kraftstoffe. Singapur, der weltweit größte Bunker-Hub, verzeichnete im Jahr 2024 einen Jahresumsatz von 55 Millionen metrischen Tonnen, was einem 6%igen Anstieg gegenüber dem Vorjahr entspricht.
Das Unternehmen zeigte ein bemerkenswertes Wachstum, mit einem Umsatzanstieg in Singapur von 102% im Jahresvergleich im Jahr 2024. Das Biokraftstoffgeschäft von CBL war besonders erfolgreich, mit einem Absatz- und Umsatzwachstum von über 600% im Jahresvergleich im Jahr 2024. Das Unternehmen startete im März 2025 Bio-Kraftstoff-Lieferdienste in Singapur und expandierte anschließend nach Malaysia, Hongkong und zu verschiedenen chinesischen Häfen.
- Revenue in Singapore increased 102% year-over-year in 2024
- Biofuel sales volumes and revenue surged over 600% year-over-year in 2024
- Strategic expansion into sustainable fuels market with biofuel supply services across multiple Asian ports
- Strong presence in Singapore, the world's largest bunkering hub with 55 million metric tons in annual sales
- Increasing competition in Singapore's bunkering sector
Insights
CBL International reports 102% YoY revenue growth in Singapore and 600% biofuel sales surge, demonstrating strong positioning in maritime fuel transition.
CBL International's subsidiary renaming from Majestic Energy to Banle International (Singapore) signals more than a mere corporate rebranding—it's a strategic alignment with their aggressive expansion in the world's largest bunkering hub. Singapore's fuel market, which reached nearly
The company's performance metrics are particularly impressive:
What's particularly noteworthy is the rapid adoption of biofuels in Singapore—sales in just the first four months of 2025 have already exceeded
CBL is executing a well-timed strategic pivot. While conventional fuels still dominate, the company is building capabilities in biofuels, LNG, and methanol—precisely the alternatives gaining traction under tightening IMO greenhouse gas regulations. Their operational agility and focus on customer-specific solutions position them to navigate the competitive Singapore bunkering sector while capturing growth in emerging fuel segments.
The rebranding reinforces organizational cohesion under the Banle Group identity while signaling long-term commitment to Singapore—a market with the regulatory framework, infrastructure, and government backing to maintain leadership in global bunkering as sustainability requirements reshape maritime logistics.
Kuala Lumpur, Malaysia, May 26, 2025 (GLOBE NEWSWIRE) -- CBL International Limited (NASDAQ: BANL) (“CBL” or the “Company”), the listing vehicle of Banle Group (“Banle” or the “Group”), a leading marine fuel logistics company in the Asia-Pacific region, today announced the official renaming of its Singapore-based wholly owned subsidiary, Majestic Energy (Singapore) Pte Ltd, to support its regional growth strategy.
Effective immediately, Majestic Energy (Singapore) Pte Ltd has been officially renamed to Banle International (Singapore) Pte Ltd, reflecting the Group’s deepening commitment to the Singapore market and its strategic expansion into sustainable fuels.
Singapore remains the world's largest bunkering hub, with annual sales close to 55 million metric tons in 2024, increased by
As the primary fuel bunkering hub in the Asia-Pacific region, Singapore serves as a strategic base for CBL’s regional expansion. CBL’s revenue in Singapore increased by
“Singapore plays a pivotal role in our long-term growth strategy,” said Dr. Teck Lim Chia, Chairman and CEO of CBL. “The renaming of our subsidiary underscores our strengthened presence in this critical market and reinforces our commitment to supporting the global maritime industry’s transition toward greener energy solutions.”
Despite the increasing competition in Singapore’s bunkering sector, CBL continues to differentiate itself through its agile operations and customer-centric approach. The Company prides itself on its ability to adapt and tailor solutions to meet the specific needs of clients and suppliers, enabling it to capture new opportunities in both traditional and emerging fuel segments.
Christofel Tian, our Head of Singapore, added "With our rebranding to Banle International (Singapore) Pte Ltd, we are not only aligning ourselves more closely with the Group’s identity but also signaling our long-term commitment to the Singapore market. As the global bunkering landscape evolves, especially with the rapid adoption of sustainable fuels, we are well-positioned to grow alongside Singapore’s vision of becoming a leader in sustainable maritime solutions."
With its robust regulatory environment, mature infrastructure, and strong government support, Singapore is well-positioned to maintain its leadership in the global bunkering market — and CBL is committed to growing alongside it.
About the Banle Group
CBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia Pacific region that was established in 2015. We are committed to providing customers with one-stop solution for vessel refueling, which is referred to as bunkering facilitator in the bunkering industry. We facilitate vessel refueling mainly through local physical suppliers in over 60 major ports covering Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, the Philippines, Singapore, Taiwan, Thailand, Turkey and Vietnam, as of 16 April 2025. The Group actively promotes the use of sustainable fuels and is awarded with the ISCC EU and ISCC Plus certifications.
For more information about our company, please visit our website at: https://www.banle-intl.com.
Forward-Looking Statements
Certain statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “plan,” “should,” “would,” “plan,” “future,” “outlook,” “potential,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current expectations of the Company’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, markets, financial, political and legal conditions, geopolitical disruptions and other events that result in material changes in fuel prices. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
CBL INTERNATIONAL LIMITED
(Incorporated in Cayman Islands with limited liabilities)
For more information, please contact:
CBL International Limited
Email: investors@banle-intl.com
Strategic Financial Relations Limited
Shelly Cheng Tel: (852) 2864 4857
Iris Au Yeung Tel: (852) 2114 4913
Email: sprg_cbl@sprg.com.hk
FAQ
What is the new name of CBL International's Singapore subsidiary?
How much did BANL's Singapore revenue grow in 2024?
What was BANL's biofuel sales growth in 2024?
When did CBL International (BANL) launch its biofuel supply services in Singapore?
How much were Singapore's bunkering sales in 2024?
