UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of August 2024
Commission
File Number: 001-41657
CBL
INTERNATIONAL LIMITED
(Registrant’s
Name)
Level
23-2, Menara Permata Sapura
Kuala
Lumpur City Centre
50088
Kuala Lumpur
Malaysia
(Address
of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
EXHIBIT
INDEX
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
| |
CBL
International Limited |
| |
|
| |
By: |
/s/
Teck Lim Chia |
| |
Name:
|
Teck
Lim Chia |
| Date:
August 28, 2024 |
Title: |
Chief
Executive Officer |
Exhibit
99.1
Press
Release
For
immediate release
CBL
INTERNATIONAL LIMITED
(Incorporated
in Cayman Islands with limited liabilities)
(NASDAQ:
BANL)
Banle
Group Expands Global Port Coverage to Over 60 Ports, Solidifying Leadership in the Marine Fuel Bunkering Industry
Hong
Kong, August 28, 2024 (GLOBE NEWSWIRE) — CBL International Limited (the “Company” or “CBL”) (NASDAQ:
BANL), the listing vehicle of Banle Group (“Banle” or “the Group”), a reputable marine fuel logistic company
in the Asia-Pacific region, proudly announces a significant milestone by expanding its global port coverage to over 60 ports across fourteen
countries and regions in four continents.
This
development underscores Banle’s commitment to expanding its global presence and entering new markets, demonstrating the company’s
continued efforts to open new service ports and increase coverage for both existing and new customers. The company now provides bunkering
services in Belgium, China, Hong Kong, India, Japan, Korea, Malaysia, Mauritius, Panama, Singapore, Taiwan, Thailand, Turkey, and Vietnam,
representing a 70% increase in port coverage since its Nasdaq listing in March 2023, solidifying Banle’s position as a major player
in the industry.
The
Group’s footprint includes nine out of the top ten container ports globally by throughput volume in 2023, highlighting its dominance
in key maritime hubs. The Asia Pacific region, accounting for 70% of global container port throughput, remains a key focus for Banle,
while the company continues to expand its presence in Europe and other regions.
The
company is actively preparing to capitalize on the growing demand for greener marine fuels, driven by international regulations like
the FuelEU Maritime initiative and the IMO’s strategy for greenhouse gas reduction. Banle has obtained the required ISCC EU and
ISCC Plus certifications to comply with these regulations.
As
a pioneer in providing stable biofuel supply at major ports, Banle has achieved key milestones in biofuel bunkering services, including:
| ● | July
14, 2023: Commencement of biofuel supply in Hong Kong. |
| | | |
| ● | September
5, 2023: First export to China cargo supply. |
| | | |
| ● | March
15, 2024: Introduction of biofuel supply in Guangzhou, China. |
| | | |
| ● | April
13, 2024: Launch of biofuel supply in Shenzhen, China (Yantian). |
| | | |
| ● | June
28, 2024: Inaugural biofuel supply in Port Klang, Malaysia. |
According
to BIMCO, the container shipping market has exceeded growth expectations, with forecasts predicting a 5 – 6% increase in container
volumes for 2024 and a 3 – 4% increase for 2025. Banle is well-positioned to capitalize on this growth, continuing to facilitate
essential bunkering services that support the efficient and profitable operations of container liners globally.
“Since
our Nasdaq listing, we have made remarkable strides in expanding our port coverage and enhancing our service offerings to meet the growing
demands of our customers, the international shipping companies,” said Mr. Teck Lim Chia, Chairman & CEO of Banle Group.
“Our expansion into Europe, with establishments in Ireland, underlines our commitment to developing our green marine fuels business,
which is critical for our long-term sustainability goals.”
About
the Banle Group
CBL
International Limited (Nasdaq: BANL) is the listing vehicle of Banle Group, a reputable marine fuel logistic company based in the Asia
Pacific region that was established in 2015. We are committed to providing customers with one stop solution for vessel refuelling. Banle
Group’s business activities are primarily focused in over 60 major ports covering Belgium, China, Hong Kong, India, Japan, Korea,
Malaysia, Mauritius, Panama, Singapore, Taiwan, Thailand, Turkey and Vietnam as of 28 August 2024. The Group actively promotes the use
of alternative fuels and is awarded with the ISCC EU and ISCC Plus certifications.
For
more information about our company, please visit our website at: https://www.banle-intl.com.
Forward-Looking
Statements
Certain
statements in this announcement are not historical facts but are forward-looking statements. Forward-looking statements generally are
accompanied by words such as “believe,” “may,” “could,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “expect,” “plan,” “should,”
“would,” “plan,” “future,” “outlook,” “potential,” “project”
and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence
of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to,
statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. They involve known and
unknown risks and uncertainties and are based on various assumptions, whether or not identified in this press release and on current
expectations of BANL’s management and are not predictions of actual performance. These forward-looking statements are provided
for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance,
a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict
and will differ from assumptions. Many actual events and circumstances are beyond the control of BANL. Some important factors that could
cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign
business, markets, financial, political and legal conditions, geopolitical disruptions and other events that result in material changes
in fuel prices. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent
occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that
the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages
investors to review other factors that may affect its future results in the Company’s registration statement and other filings
with the SEC.
For
more information, please contact:
CBL
International Limited
Email:
investors@banle-intl.com
Strategic
Financial Relations Limited
Shelly
Cheng Tel: (852) 2864 4857
Iris
Au Yeung Tel: (852) 2114 4913
Email:
sprg_cbl@sprg.com.hk
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