BANLE GROUP MAKES STRATEGIC ENTRY INTO INDIA WITH SUCCESSFUL INAUGURAL BUNKERING SERVICE AT MUNDRA PORT

HONG KONG, July 22 (Bernama) -- 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, today announced the successful completion of its inaugural bunkering service in India on July 11. This landmark operation was conducted at Mundra Port, Gujarat, one of India's largest and most strategically important ports. This achievement marks a significant step forward in Banle's expansion strategy and underscores its commitment to enhancing operational capabilities and market presence in key global regions.

Strategic Importance of Mundra Port

Mundra Port is renowned for its pivotal role in India's maritime logistics, handling over 155 million metric tonnes (MT) of cargo as of November 2023, the highest in India. The port serves as a critical export-import gateway, facilitating approximately 33% of India's container traffic. Its advanced infrastructure, including the capability to handle large vessels, positions it as a crucial hub for seaborne trade and economic growth, aligning with India's ambition to become a $5 trillion economy by 2025.