CBL International Limited announced on May 26, 2025, the official renaming of its Singapore-based wholly owned subsidiary, Majestic Energy (Singapore) Pte Ltd, to Banle International (Singapore) Pte Ltd. This change supports the Group’s regional growth strategy and reflects its deepening commitment to the Singapore market.
Singapore, recognized as the world's largest bunkering hub, saw its annual sales increase by 6% year-over-year in 2024, reaching close to 55 million metric tons. CBL's revenue in Singapore increased by 102% year-over-year in 2024, underscoring the market's importance to the company's growth.
In March 2025, CBL launched its first biofuel supply services in Singapore, a key regional port, as part of its broader initiative to offer sustainable fuel alternatives. The company's biofuel sales volumes and sales surged over 600% year-over-year in 2024, demonstrating strong progress in its sustainable fuel segment.
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