CBL's Singapore Subsidiary Renamed to Support Regional Growth Strategy

CBL International has renamed its Singapore subsidiary, Majestic Energy (Singapore) Pte Ltd, to Banle International (Singapore) Pte Ltd. This change supports the company's regional growth strategy, particularly in Singapore, the world's largest bunkering hub. CBL aims to capture new opportunities in traditional and emerging fuel segments, including sustainable fuels, to meet IMO GHG targets.

Title: CBL International Renames Singapore Subsidiary to Support Regional Growth Strategy

CBL International Limited (NASDAQ: BANL), a leading marine fuel logistics company in the Asia-Pacific region, has announced a significant change in its Singapore operations. Effective immediately, Majestic Energy (Singapore) Pte Ltd has been officially renamed to Banle International (Singapore) Pte Ltd. This rebranding is part of the company's broader strategy to deepen its commitment to the Singapore market and expand its reach in the region.

The decision to rename the subsidiary aligns with CBL's strategic focus on sustainable fuels. Singapore, the world's largest bunkering hub, recorded 55 million metric tons in annual sales in 2024, an increase of 6% year-over-year [1]. The company has demonstrated remarkable growth in Singapore, with revenue increasing by 102% year-over-year in 2024. This growth is driven by the increasing demand for sustainable fuels such as biofuels, LNG, and methanol.

CBL's biofuel business has shown exceptional growth, with sales volumes and revenue surging over 600% year-over-year in 2024. The company launched biofuel supply services in Singapore in March 2025, followed by expansions to Malaysia, Hong Kong, and various ports in China. This strategic pivot underscores CBL's commitment to meeting the International Maritime Organization's (IMO) greenhouse gas (GHG) targets by offering sustainable, cost-effective alternatives.

Dr. Teck Lim Chia, Chairman and CEO of CBL, stated, "Singapore plays a pivotal role in our long-term growth strategy. 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's ability to adapt and tailor solutions to meet the specific needs of clients and suppliers enables it to capture new opportunities in both traditional and emerging fuel segments.

Christofel Tian, 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."

Singapore's robust regulatory environment, mature infrastructure, and strong government support position it to maintain its leadership in the global bunkering market. CBL is committed to growing alongside this market, leveraging its strategic location and operational capabilities.

References:
[1] https://www.acnnewswire.com/press-release/english/99898/cbl-international-limited-announces-name-change-of-singapore-subsidiary-to-support-regional-growth-strategy