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CBL International Limited (NASDAQ: BANL) is a prominent player in the marine fuel logistics industry, offering a comprehensive range of services to ensure seamless and efficient vessel refueling. Headquartered in Hong Kong, with significant operations in China and Malaysia, CBL International Ltd sources high-quality marine fuel from trusted suppliers and guarantees timely delivery to its customers.
With a focus on providing a one-stop solution for shipping companies, CBL International Ltd has built a reputation for reliability and expertise. The company’s strategic approach includes expanding its business footprint in Europe, as evidenced by its recent successful bunkering services for the BYD Explorer No. 1 at the Port of Antwerp—the second largest port in Europe.
CBL International Ltd’s commitment to excellence is reflected in its ongoing partnerships with prestigious educational institutions and firms worldwide. The company continuously seeks to enhance its service offerings through innovation and strategic collaborations. This dedication to outstanding service and operational efficiency makes CBL International Ltd a trusted partner in the maritime industry.
Recent achievements include providing bunkering services during the maiden voyage of BYD Explorer No. 1 at Yan Tai port and subsequently at the Port of Antwerp. These milestones underscore the company’s growing influence in the European market. Under the leadership of Chairman and CEO Mr. William Chia, CBL International Ltd is poised to expand its presence further, continuously adapting to meet the evolving needs of the maritime industry.
For the fiscal year ended December 31, 2023, the company reported its audited financial results, showcasing robust performance. The detailed financial statements are available in the company’s Form 20-F 2023 Annual Report filed with the SEC.
CBL International Ltd remains committed to delivering exceptional bunkering services and exploring new opportunities to provide efficient and reliable solutions in the ever-changing maritime industry.
CBL International Limited (NASDAQ: BANL) filed its Form 20-F Annual Report on April 26, 2023, revealing its consolidated financial results for the year ended December 31, 2022. The report highlights a strong revenue increase of 41.8%, reaching approximately $462.9 million, primarily driven by higher marine fuel prices, despite a slight decline in sales volume. The consolidated gross profit grew by 20.2% to approximately $9.1 million, bolstered by improved profit margins. Net income saw a modest rise of 3.3%, totaling approximately $3.7 million, translating to earnings per share of $0.17. Additionally, shareholders' equity rose by 43.7% to about $12.1 million, indicating a healthier financial position. For more detailed financial insights, the complete annual report is accessible via the company's investor relations page.
KUALA LUMPUR, Malaysia, March 27, 2023 (GLOBE NEWSWIRE) -- CBL International Limited (NASDAQ: BANL) announced the closing of its initial public offering (IPO) of 3,325,000 ordinary shares at $4.00 per share, raising $15 million in total gross proceeds, including an over-allotment of 425,000 shares. The proceeds will be allocated towards enhancing supplier networks, increasing market share in Singapore and South Korea, trade financing activities, and developing a centralized management system. Shares began trading on the Nasdaq Capital Market on March 23, 2023. The company aims to expand its marine fuel logistics operations across the Asia Pacific region.
CBL International Limited has announced its pricing for an initial public offering (IPO) of 3,325,000 ordinary shares at US$4 per share, totaling approximately US$13.3 million. The shares will commence trading on the Nasdaq Capital Market under the symbol BANL from March 23, 2023, with the offering expected to close on March 24, 2023. The company anticipates using the net proceeds for expanding local suppliers, increasing market share, trade financing activities, and developing management information systems. An over-allotment option for underwriters could raise total proceeds to US$15.3 million.
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