Uni-Fuels Holdings Limited (Uni-Fuels), a global provider of marine fuel solutions headquartered in Singapore, on Wednesday (9 September) announced its unaudited interim financial results for the first half of 2026, ending on 30 June.

The company delivered record first-half financial results, achieving its highest first-half revenue, gross profit, income from operations, net income and EBITDA since its inception.

The company’s net income increased 1,415% to USD 1.4 million for the first half of 2026, compared to USD 0.1 million in the corresponding period of 2025.

Revenue increased 72% year-over-year to USD 197.1 million, from USD 114.6 million in the corresponding period of 2025 while gross profit also increased 158% year-over-year to USD 5.3 million, from USD 2.1 million in the corresponding period of 2025.

Gross profit margin expanded to 2.7% in the first half of 2026, from 1.8% in the corresponding period of 2025, representing a 50% improvement. 

For its 2026 outlook, the company is raising its full-year 2026 revenue guidance to a range of USD 340 million to USD 360 million, from its previous guidance range of USD 320 million to USD 340 million, reflecting stronger-than-expected first-half performance and continued commercial momentum.

Koh Kuan Hua, Chief Executive Officer of Uni-Fuels, said: “Our first-half 2026 results demonstrate the strength of our commercial execution and the agility of our business model.” 

“As geopolitical developments and market volatility continued to influence global oil markets, we remained focused on delivering reliable supply solutions and value-added services to our customers. 

“Our ability to respond quickly to changing market dynamics while maintaining disciplined execution contributed to significant improvements in revenue, profitability and operating performance. 

“We believe this momentum positions us well for the remainder of the year, as reflected in our increased full-year 2026 revenue guidance of USD 340 million to USD 360 million.”

Photo credit: Uni-Fuels
Published: 10 September, 2026

CBL International Limited (CBL), the listing vehicle of the Banle Group (Banle), a marine fuel logistics company in the Asia-Pacific region, on Tuesday (18 August) announced its unaudited financial results for the first half of 2026 and declared a special cash dividend of USD 0.10 per share.

The company reported consolidated revenue of USD 395.59 million for the six months ended June 30, 2026, representing a 49.2% increase from USD 265.17 million in the same period of 2025. The increase was driven primarily by the surge in global oil prices arising from the escalation of Middle East geopolitical tensions and secondarily by the 10.9% growth in sales volume.

Gross profit rose 140.5% to USD 6.53 million from USD 2.71 million, while gross profit margin expanded from 1.02% in 1H2025 to 1.65% in 1H2026. This 63-basis-point improvement reflects CBL’s strengthened ability to secure reliable supply and meet elevated customer demand at competitive pricing amid tighter Middle East bunker availability and heightened market volatility. The multi-year investments in network coverage and supplier relationships enabled the Company to capture demand arising from vessel rerouting while protecting and expanding margins.

Total operating expenses increased by 2.2% year-on-year to USD 3.49 million from USD 3.42 million, demonstrating continued cost discipline. Selling and distribution expenses increased by (+9.6%) in line with higher volumes, while general and administrative expenses remained at the same level as the same period in 2025. 

The company recorded operating income of USD 3.04 million compared with an operating loss of USD 701,000 in 1H2025, and net income of approximately USD 1.50 million compared with a net loss of USD 992,000 in the prior-year period.

CBL’s multi-year strategy of port expansion and supplier development continued to deliver tangible results. As of 30 June 2026, the company’s global service network had expanded to more than 70 ports, enabling it to serve key global trade routes with competitive pricing and reliable delivery.

Asia Pacific remained the primary revenue driver. Elevated bunker demand arising from vessels redirected away from the Middle East toward Far East and intra-Asia corridors was captured through the strengthened regional network. Sales concentration among the top five customers declined to below 60% (compared with 60.4% in 1H2025 and 66.7% in 1H2024), while revenue from the top 12 global container liner customers increased to 68.6% from 60.1%. Customers acquired within the past two years contributed 23.5% of total sales during the first half of 2026.

Despite significant geopolitical disruptions—including the escalation of Middle East conflicts involving Iran, threats to close the Strait of Hormuz in March 2026, ongoing Red Sea instability, and the impacts of U.S. tariff policies—CBL demonstrated strong resilience. CBL’s diversified supplier network enabled the Company to secure supplies under constrained conditions and successfully meet elevated customer demand in the Far East and other regions. The overall impact on CBL has so far been limited in negative terms and supported volume growth.

A key strategic development was the April 2026 acquisition of a 50.5% majority stake in Green Marine Energy Holdings Limited. Green Marine operates complementary businesses in sustainable feedstock distribution and licensed bunkering of conventional and biofuels in Malaysian waters. This investment enhances CBL’s upstream capabilities, supports integrated biofuel supply chain development, and strengthens its physical bunker capabilities in Malaysia.

Dr. Teck Lim Chia, Chairman and CEO of CBL International Limited, said: “Our first half results mark an important milestone. Our return to profitability was driven by the tangible payoff from multi-year investments in our global supplier network and operational capabilities. Despite significant geopolitical disruptions and market volatility, we grew sales volume by 10.9% and expanded our gross profit margin by 63 basis points. 

“The acquisition of a majority stake in Green Marine further positions us upstream in the sustainable fuel value chain and strengthens our physical bunker capabilities in Malaysia. These achievements underscore the resilience of our business model and the effectiveness of our long-term strategy.

“As regulatory frameworks for maritime decarbonization continue to evolve and customer demand for lower-carbon fuels is expected to strengthen, CBL is well positioned with ISCC certifications, an expanding sustainable energy portfolio, and the Green Marine platform. We remain focused on disciplined cost management, further network expansion, and capturing opportunities across both conventional and sustainable marine fuels to deliver sustainable growth and long-term shareholder value, including through the declaration of a special cash dividend of USD 0.10 per share.”

Looking ahead, CBL expects to:

• Further integrate Green Marine’s feedstock distribution and Malaysian bunkering capabilities, while scaling biofuel offerings and exploring LNG and methanol solutions to support customers’ decarbonization goals.
• Maintain disciplined cost management, continue to increase operational efficiency and leverage expanded banking facilities and capital markets tools to support working capital, growth initiatives, and potential shareholder return programs.
• Remain vigilant regarding geopolitical risks, oil price volatility, U.S. trade policy developments, and regulatory changes, while staying cautiously optimistic about the outlook for the second half of 2026 and beyond.

Related: CBL International acquires majority stake in Green Marine Energy
Related: CBL International reports surge in biofuel sales by 154.7% year-on-year in 1H2025

Photo credit: Banle Group
Published: 19 August, 2026

Genoa-based international shipping and logistics company Fratelli Cosulich Group on Thursday (31 July) recorded EUR 58.6 million (USD 68 million) in EBITDA in 2025, substantially in line with the EUR 59.7 million recorded in 2024 and remaining close to its all-time highs. 

The company’s consolidated turnover reached EUR 1.877 billion, compared with EUR 2.128 billion in 2024.

“This decrease must be read considering the significant weight of Marine Energy and bunker trading activities, where turnover is naturally influenced by fuel prices, market dynamics and the euro dollar exchange rate,” the company said in its 2025 annual report. 

“For this reason, the reduction in revenues does not represent a proportional decrease in the Group’s operational strength.”

The Group recorded a net profit of EUR 20 million with its marine energy business unit delivering EUR 7.1 million. The unit also achieved EUR 16.8 million in EBITDA. 

In 2024, the company recorded a net profit of EUR 20.6 million with its marine energy business unit delivering EUR 5.6 million. The unit also achieved EUR 28.1 million in EBITDA. 

On the performance of its bunker trading activity, also during the year just ended, as in 2024, the company said margin stabilisation was recorded, remaining at levels similar to the average of previous years.

Bunker Trading revenue, the Group’s core activity, at the end of the year stood at approximately EUR 1.382 million compared to approximately EUR 1.638 million in 2024.

“In 2025, Marine Energy exceeded expectations in a more competitive market marked by lower prices, strengthening its results through a solid commercial structure, key account relationships and a focused approach to smaller bunkering hubs,” the company said.
 “Commercial development was supported by further expansion towards Asian customers, including the opening of a dedicated Japan desk, while the unit prepared the basis for a future local presence.”

The company added that the transition towards a multi-fuel offering continued to move from strategy to operations. 

In Singapore, the unit completed its first B100 biofuel bunker delivery through Marta Cosulich, demonstrating its ability to provide lower-carbon alternatives using its future-ready fleet. 

The Group also entered into a strategic cooperation with a “long-established shipping player” to explore opportunities in methanol, LNG and ammonia bunkering.

The company added that fleet development remained central. 

“Construction progressed on the new series of methanol-ready IMO II chemical bunker tankers, while Maya Cosulich was delivered in December,” it said.

“Designed for safe and efficient alternative fuel delivery, she represents another tangible step in expanding the unit’s physical capabilities for the evolving needs of maritime customers.”

Related: Fratelli Cosulich marine energy unit records EUR 5.6 million profit in 2024

Photo credit: Fratelli Cosulich
Published: 12 August, 2026