Uni-Fuels Makes Landmark Nasdaq Debut As Singapore’s First Marine Fuel Provider Listed

KUALA LUMPUR, Jan 16 (Bernama) -- Uni-Fuels Holdings Limited (Uni-Fuels), announced the completion of its initial public offering (IPO) on the Nasdaq Stock Market, becoming the first Singapore-based marine fuel provider to be listed in the United States.

In a statement, Uni-Fuels said this milestone is expected to solidify the company’s position in the global marine fuel market and underscore its commitment to innovation, growth, and excellence within the industry.

Its chief executive officer, Koh Kuan Hua expressed pride in the achievement, noting that it reflects the hard work and dedication of the team, as well as the confidence investors have in the company’s business model and vision.

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“We believe our Nasdaq listing will enable us to expand our global footprint, enhance our capabilities, sign new partnerships, and continue provision of quality marine fuel solutions to our customers worldwide,” he said.

Koh highlighted that the company plans to enhance its current offerings and accelerate its transition to alternative fuels such as biofuels and liquefied natural gas, in line with global decarbonisation goals for cleaner and sustainable marine fuels.

“As Uni-Fuels embarks on its journey as a publicly traded company, we will remain focused on advancing our position as a fast-growing, forward-thinking provider in the marine fuel industry,” he added.

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Looking ahead, Koh emphasised Uni-Fuels’ focus on delivering superior service, driving innovation, and contributing to the ongoing development of the marine fuel industry, as the company positions itself for long-term growth and value creation for shareholders.

The IPO was conducted on a firm commitment basis, with R. F. Lafferty & Co Inc serving as the sole book-running manager.

-- BERNAMA