CBL International Limited Announces Name Change of Singapore Subsidiary to Support Regional Growth Strategy

Core Insights - CBL International Limited has officially renamed its Singapore-based subsidiary from Majestic Energy (Singapore) Pte Ltd to Banle International (Singapore) Pte Ltd to enhance its regional growth strategy and commitment to the Singapore market [1][2]. Company Developments - The renaming reflects the Group's strategic expansion into sustainable fuels, aligning with the global maritime industry's transition towards greener energy solutions [2][5]. - CBL's revenue in Singapore increased by 102% year-over-year in 2024 compared to 2023, indicating strong growth in the region [4]. - The company launched its first biofuel supply services in Singapore in March 2025, with subsequent expansions planned for Malaysia, Hong Kong, and various ports in China [4]. Industry Trends - Singapore remains the world's largest bunkering hub, with annual sales close to 55 million metric tons in 2024, a 6% increase from 2023 [3]. - Demand for sustainable fuels, including biofuels, LNG, and methanol, is rising, with biofuel sales in the first four months of 2025 already surpassing 50% of the total volume recorded in 2024 [3]. - CBL's biofuel sales volumes surged over 600% year-over-year in 2024, supported by strengthened supplier relationships and reliable supply chains [4]. Strategic Positioning - CBL differentiates itself in Singapore's competitive bunkering sector through agile operations and a customer-centric approach, enabling it to capture new opportunities in both traditional and emerging fuel segments [5]. - The company is well-positioned to grow alongside Singapore's vision of becoming a leader in sustainable maritime solutions, supported by a robust regulatory environment and strong government backing [6].