Banle Group Makes Strategic Entry into India with Successful Inaugural Bunkering Service at Mundra Port

Core Insights - CBL International Limited has successfully completed its inaugural bunkering service in India at Mundra Port, marking a significant step in its expansion strategy in the Asia-Pacific region [1][4] Group 1: Company Overview - CBL International Limited is the listing vehicle of Banle Group, a reputable marine fuel logistic company established in 2015, focusing on providing one-stop solutions for vessel refueling [5] - The Group operates in over 55 major ports across various countries, including India, and promotes the use of alternative fuels, holding ISCC EU and ISCC Plus certifications [5] Group 2: Strategic Importance of Mundra Port - Mundra Port is India's largest port, handling over 155 million metric tonnes of cargo as of November 2023, and facilitates approximately 33% of the country's container traffic [2] - The port's advanced infrastructure supports large vessels, making it a critical hub for seaborne trade and aligning with India's goal of becoming a $5 trillion economy by 2025 [2] Group 3: Operational Details - The successful bunkering service at Mundra Port was provided to a global integrated logistics and shipping company, showcasing Banle's operational excellence [3] - This operation is expected to enhance Banle's market presence and strengthen relationships with key clients, driving sustainable growth [4] Group 4: Future Outlook - The Chairman & CEO of Banle Group expressed enthusiasm about entering the Indian market and emphasized the company's commitment to growth in key regions [4]