Hong Kong,Beritabulukumba.com – CBL International Limited (Nasdaq: BANL) is excited to share several milestones achieved since the beginning of this year, showcasing not only its capacity expansion but also its commitment to sustainable development.
During the second quarter of 2023, CBL expanded its presence by establishing footholds in Antwerp, Belgium, Istanbul, Turkey, and Yokkaichi, Japan. This strategic move has allowed the company to extend its services to more than 40 ports and has opened up opportunities in the European market, offering greater flexibility to customers.
These actions align with CBL’s expansion plan, as outlined in the prospectus, which aims to strengthen its presence in international markets with the goal of maximizing operational scale and profitability.
Notably, CBL has also made significant strides in sustainable initiatives. In the third quarter of 2023, the company collaborated with business partners to fulfill its first B24 biofuel bunkering order in Hong Kong. This milestone marks a significant step towards achieving the 2023 IMO Strategy, which was adopted at the Maritime Environment Protection (MEPC 80) conference.
Mr. William Chia, Chairman and CEO of CBL, expressed pride in the company’s unwavering commitment to environmental sustainability and its efforts to positively impact the shipping industry in Hong Kong. As part of their Environmental, Social, and Governance (ESG) initiatives, CBL is dedicated to reducing greenhouse gas emissions in line with the International Maritime Organization’s (IMO) targets and has implemented in-house greenhouse gas management measures. To further support clean energy technology, CBL obtained ISCC EU and ISCC Plus certificates from Bureau Veritas, attesting to its compliance with all necessary requirements and authorizing the trading of biofuel within the supply chain.
Through these efforts, CBL pledges to continue promoting sustainable practices within the marine industry and maintain its role as a key player in the sector. The company is confident that its progress thus far will bring about positive change, benefiting not only the company and stakeholders but also the environment.
About CBL International Limited
Established in 2015, CBL International Limited (Nasdaq: BANL) serves as the listing vehicle of Banle Group, an established marine fuel logistic company in the Asia Pacific region. CBL provides customers with a comprehensive solution for vessel refueling. Its primary market is the Asia Pacific, with business activities in major ports across Japan, Korea, China, Hong Kong, Taiwan, Vietnam, Malaysia, Singapore, Thailand, as well as other countries like Turkey and Belgium.
Forward-Looking Information and Statements
The announcement includes certain forward-looking statements that are subject to significant risks and uncertainties.
These statements are based on the Company’s current expectations and projections about future events, which may affect its financial condition, operational results, business strategy, and financial needs.
Investors can identify these forward-looking statements by certain words or phrases such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project,” or “continue” or the negative of these terms or other comparable terminology. The Company does not undertake any obligation to publicly update or revise forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law.
While the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cautions investors that actual results may differ materially from anticipated results.
Therefore, investors are encouraged to review other factors that may affect future results, as detailed in the Company’s registration statement and other filings with the SEC.
