Banle Group successfully completes first bunkering service at Mundra Port in India for expansion

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

CBL International Limited successfully completed its first bunkering service in India at Mundra Port on July 11, 2024, marking a significant step forward in Banle Group’s expansion strategy in the Asia-Pacific region. Mundra Port, handling over 155 million metric tons of cargo as of November 2023, plays a vital role in India’s maritime logistics. The successful bunkering service at Mundra Port highlights Banle’s commitment to delivering high-quality services at strategic locations, strengthening its market presence and customer relationships. This achievement is expected to have a positive impact on Banle’s operations and market share growth.

The strategic importance of Mundra Port in India’s maritime logistics cannot be overstated, as it serves as a crucial gateway for imports and exports, facilitating approximately 33% of India’s container traffic. The advanced infrastructure and handling capabilities of Mundra Port position it as a key hub for maritime trade and economic growth, aligning with India’s goal to become a $5 trillion economy by 2025. The successful bunkering service provided by Banle Group at Mundra Port demonstrates operational excellence and commitment to delivering quality services in major strategic locations.

Established in 2015, CBL International Limited (NASDAQ: BANL) is a Banle Group listing platform, a reputable marine fuel logistics company in the Asia-Pacific region. The Banle Group actively promotes the use of alternative fuels and has been awarded ISCC EU and ISCC Plus certifications. Their business activities primarily focus on over 55 major ports in countries such as Belgium, China, India, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, and others. For more information, visit their website at: https://www.banle-intl.com.



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