Banle Group completes first bunkering service in India's Mundra Port, enhancing market presence

From GlobeNewswire: 2024-07-20 10:45:06

CBL International Limited, a marine fuel logistics company, successfully completed the first bunkering service in India on July 11th. The operation took place at the strategically important Mundra Port in Gujarat, one of India’s largest ports. Mundra Port plays a crucial role in handling over 155 million tons of maritime traffic and serves as a key gateway for about 33% of India’s container traffic. By expanding its operations to Mundra Port, Banle Group shows its commitment to enhancing its operational capabilities and market presence globally.

The provision of bunkering services at Mundra Port demonstrates Banle’s operational excellence at a strategic location, showcasing their commitment to providing high-quality services. This achievement is expected to have a positive impact on Banle’s business operations by securing a foothold in India’s growing maritime logistics market, leading to network expansion and increased market share. The successful operation at Mundra Port strengthens relationships with key customers and drives sustainable growth.

Banle Group Chairman and CEO Teck Lim Chia expressed satisfaction with expanding the company’s service operations to the Indian market. He highlighted the achievement as evidence of the company’s strategic vision and determination to continue growing in key regions. Building on this success, Banle Group aims to enhance its services globally to meet evolving customer needs.

Founded in 2015, CBL International Limited, listed under Banle Group, is a renowned marine fuel logistics company in the Asia-Pacific region. The company focuses on providing one-stop solutions for ship bunkering services to its customers. Banle Group conducts its business in 55 major ports worldwide, promoting the use of alternative fuels and obtaining ISCC EU and ISCC Plus certifications. For additional information, visit the company’s website.



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