On May 13, 2024, Banle Energy International Limited, a Hong Kong subsidiary of the Banle Group, a reputable marine fuel logistics company in the Asia Pacific region, announced its expansion into Mauritius bunker market, marking the company’s first foray into the African continent. This strategic move marks an expansion of Banle’s presence in a new continent and underscores its commitment to enhancing the Company’s regional presence and accelerating its growth trajectory.
Port Louis, where the bunkering service was arranged, serves as a vital gateway for trade and commerce in Mauritius. It plays a crucial role in handling a substantial portion of the country’s imports and exports, facilitating both domestic and international trade connections with various destinations across the globe, enabling Banle Energy to reach a wider audience and drive market penetration effectively.
Teck Lim Chia, Chairman and Chief Executive Officer, expressed his gratitude for this new endeavor, stating: “We are excited to provide our first bunkering service in Mauritius. This milestone reinforces our dedication to delivering value for our stakeholders, including customers, partners, and shareholders. We are grateful to BYD for their firm support and trust in our bunkering services, and we look forward to exploring future opportunities in the African market.”
The expansion into Mauritius is a strategic move that will enable Banle to reach a wider audience and drive market penetration effectively, further strengthening the Group’s position as a leading marine fuel logistics provider in the Asia-Pacific region.
About the Banle Group
Established in 2015, CBL International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistics company in the Asia Pacific region. We are committed to providing customers with a one-stop solution for vessel refueling. Banle Group’s business activities are primarily focused on over 55 major ports covering Belgium, China, Hong Kong, Japan, Korea, Malaysia, Mauritius, Singapore, Taiwan, Thailand, Turkey, and Vietnam. The Group actively promotes the use of alternative fuels and is awarded with the ISCC EU and ISCC Plus certifications.
Source Bangle Group