Jaguar8 commented on a stock · Jul 19, 2024 23:55

NEWS

Banle Group Makes Strategic Entry into India with Successful Inaugural Bunkering Service at Mundra Port

CBL International (NASDAQ: BANL), the listing vehicle of Banle Group, has successfully completed its inaugural bunkering service in India on July 11, 2024, at Mundra Port, Gujarat. This strategic entry marks a significant milestone in Banle's expansion strategy, enhancing its operational capabilities and market presence in key global regions.

Mundra Port, handling over 155 million metric tonnes of cargo as of November 2023, is India's largest port, facilitating approximately 33% of the country's container traffic.

The successful operation, provided to a global integrated logistics and shipping company, showcases Banle's operational excellence and commitment to delivering high-quality services in strategic locations.

This achievement is expected to positively impact Banle's operational performance, expand its network, and increase market share in India's rapidly growing maritime market.

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Jaguar8

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