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CBL International Limited Announces Share Repurchase Program Repurchase Reflects the Board's Confidence in Long-Term Growth
GlobeNewswire News Room· 2025-06-03 20:30
Kuala Lumpur, Malaysia, June 03, 2025 (GLOBE NEWSWIRE) -- CBL International Limited (NASDAQ: BANL) (the “Company” or “CBL”), the listing vehicle of Banle Group (“Banle” or “the Group”), today announced that its Board of Directors has authorized a share repurchase program of up to the lesser of $5 million of the Company’s ordinary shares (the “Ordinary Shares”) or 5 million Ordinary Shares. Repurchases under the share repurchase program may be made in the open market, with the actual timing and amount of rep ...
CBL International Limited Announces Share Repurchase Program Repurchase Reflects the Board’s Confidence in Long-Term Growth
Globenewswire· 2025-06-03 20:30
Core Viewpoint - CBL International Limited has announced a share repurchase program, reflecting confidence in its long-term potential and commitment to delivering value to shareholders [1][3]. Financial Performance - For FY2024, CBL reported consolidated revenue of $592.52 million, a 35.9% increase from $435.90 million in 2023, driven by a 38.1% increase in sales volume [3]. Strategic Focus - The company aims to expand its market presence, particularly in biofuels, and enhance its global supply network while driving operational efficiency and sustainable growth [4]. - CBL's strategic initiatives include the expansion of ports, diversification of its client base, and commitment to sustainable practices to position itself for growth as market conditions improve [5]. Company Overview - CBL International Limited, established in 2015, is a marine fuel logistics company based in the Asia Pacific region, providing vessel refueling solutions across over 60 major ports [6].
CBL International (BANL) 2025 Conference Transcript
2025-05-29 17:30
Summary of CBL International (BANL) Conference Call Company Overview - CBL International Limited operates as a marine fuel logistics company, facilitating vessel refueling through local suppliers in over 60 major ports globally, covering Asia, Europe, Africa, and Latin America [3][4] - The company focuses on providing one-stop solutions for vessel refueling while adhering to environmental standards [3] Core Business and Fuel Mix - CBL has significantly expanded its biofuel operations, with B24 biofuel sales surging by 628% in the last fiscal year [4][5] - Plans to increase focus on sustainable fuels, including biofuels (B24, B30), methanol, and LNG, aligning with IMO GHG strategies and EU maritime regulations [5][8] - The global green marine fuel market is projected to grow at a CAGR of 50.4% [5][16] Market Expansion and Geographic Focus - CBL is targeting new ports for expansion in 2024, including Mauritius, Panama, and India, enhancing its global reach [10] - The company has a strong presence in the Asia Pacific, holding a 36% market share in Singapore's bunkering market [10] Revenue and Customer Segments - Bulk carriers and oil tankers contributed approximately 45% to CBL's revenue in 2024, up from 32% in 2023, indicating a diversification in customer segments [11][12] - The company is focusing on intra-Asia and Euro-Asia trade routes, which are significant for its business [11] Regulatory Compliance and Sustainability - CBL is adapting to increasing regulatory pressures by expanding its biofuel supply network and exploring alternative fuels [14] - The company aims to maintain profitability while complying with regulations by focusing on higher-margin sustainable fuels [14] Competitive Positioning - CBL differentiates itself through an extensive global supply network, operational reliability, and compliance with environmental standards [18] - The company emphasizes its ability to offer competitive pricing and flexible service solutions [18] Investment Considerations - Key reasons to consider investing in CBL include its leadership in the biofuel market, expansion of its service network from 36 to over 60 ports, and ongoing operational efficiencies through automation and IT investments [19][20] - The company plans to address rising operational costs by improving efficiency and focusing on sustainable fuels [21] Opportunities and Future Outlook - CBL sees significant opportunities in the global shift towards sustainable shipping solutions driven by regulatory changes [22] - By 2030, CBL aims to be a leader in sustainable marine fuel logistics with a diversified portfolio and a strong focus on decarbonization [25]
CBL International Limited Announces Name Change of Singapore Subsidiary to Support Regional Growth Strategy
Globenewswire· 2025-05-26 13:00
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 ...
CBL International Limited Announces Name Change of Singapore Subsidiary to Support Regional Growth Strategy
GlobeNewswire News Room· 2025-05-26 13:00
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 ...
CBL International Limited (NASDAQ: BANL) to Participate in Noble Capital Markets’ Emerging Growth Virtual Equity Conference on June 4-5, 2025
Globenewswire· 2025-05-23 13:00
Kuala Lumpur, May 23, 2025 (GLOBE NEWSWIRE) -- CBL International Limited (NASDAQ: BANL) (the “Company” or “CBL”), the listing vehicle of Banle Group (“Banle” or “the Group”), a leading marine fuel logistic company in the Asia-Pacific region, today announced that Dr. Teck Lim Chia, Chairman and CEO, and Ms. Venus Zhao, our IR and PR Director, will present at Noble Capital Markets’ Emerging Growth Virtual Equity Conference on Wednesday, June 4, 2025, 3:30 PM Eastern Standard Time. The formal presentation will ...
CBL International Limited (NASDAQ: BANL) to Participate in the Lytham Partners Spring 2025 Investor Conference on May 29, 2025
Globenewswire· 2025-05-14 08:30
KUALA LUMPUR, Malaysia, May 14, 2025 (GLOBE NEWSWIRE) -- CBL International Limited (NASDAQ: BANL) (the “Company” or “CBL”), the listing vehicle of Banle Group (“Banle” or “the Group”), a leading marine fuel logistic company in the Asia-Pacific region, today announced that Dr. Teck Lim Chia, Chairman and CEO, will participate in a webcasted fireside chat and Ms. Venus Zhao, our IR and PR Director, will host one-on-one meetings with investors at the Lytham Partners Spring 2025 Investor Conference, taking plac ...
CBL International Limited Announces 2024 Annual Results at Webcast
Globenewswire· 2025-04-08 14:30
Company Overview - CBL International Limited is the listing vehicle of Banle Group, a reputable marine fuel logistic company established in 2015, based in the Asia-Pacific region [3] - The company provides a one-stop solution for vessel refueling, known as bunkering, and operates in over 60 major ports across various countries including Belgium, China, India, Japan, and Singapore [3] Upcoming Events - CBL will file its Annual Report on Form 20-F for the year ended December 31, 2024, on April 16, 2025 [1] - A webcast will be hosted on April 17, 2025, where company management will discuss business strategies and recent developments [2] Sustainability Initiatives - The Group actively promotes the use of sustainable fuels and has received ISCC EU and ISCC Plus certifications [3]