CBL International (US:BANL) Newsfilterยท2024-04-15 11:00Core Insights - Banle Energy International Limited, a subsidiary of Banle Group, has successfully arranged B24 biofuel bunkering services for Yang Ming's vessel, YM Utility, marking the first B24 biofuel supply in Shenzhen and Yang Ming's inaugural supply in China [1][2] - The B24 biofuel blend is projected to reduce approximately 20% of greenhouse gas emissions compared to conventional fuel oil, aligning with the International Maritime Organization's goals for reducing GHG emissions in international shipping [1][2] Company Overview - Banle Group, established in 2015, operates as a reputable marine fuel logistic company in the Asia Pacific region, focusing on providing one-stop solutions for vessel refueling across over 55 major ports [3][4] - The company is committed to promoting the use of alternative fuels and has received ISCC EU and ISCC Plus certifications, indicating its dedication to sustainability in the maritime industry [4] Strategic Initiatives - The company aims to expand its operations in Europe while continuing to forge strategic partnerships and explore new opportunities to deliver efficient and reliable bunkering solutions [2] - The introduction of B24 biofuel bunkering services is part of the company's broader initiative to enhance its service offerings and contribute positively to the shipping industry's environmental impact [2]