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CBL seeks to cement marine fuel position in APAC with renaming of Singapore subsidiary

Christofel Tian, Head of Singapore at CBL, dives into the subsidiary’s goals in biofuels, especially with the recent launch of Singapore’s TR 140:2025, and other sustainable bunker fuels such as methanol.

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CBL International Limited (CBL), the listing vehicle of marine fuel logistics firm Banle Group recently announced the renaming of its Singapore-based wholly-owned subsidiary, Majestic Energy (Singapore) Pte Ltd to Banle International (Singapore) Pte Ltd.

In an interview with Singapore-based bunkering publication Manifold Times, Christofel Tian, Head of Singapore at CBL, dived into detailed plans for the subsidiary and its role in contributing to the Group’s regional growth ambitions including aspirations to move beyond biofuels and develop a full suite of sustainable marine fuels, including LNG, methanol, ammonia:

MT: According to CBL International’s website, Banle International Singapore, then known as Majestic Energy Singapore, was established in 2022. What are the significant milestones the subsidiary has achieved since then?

Since its establishment in 2022 under the name Majestic Energy (Singapore) Pte Ltd, our Singapore subsidiary has made substantial progress.

One of the subsidiary’s milestones is contributing to doubling the revenue of CBL in 2024 from 2023. As the primary fuel bunkering hub in the Asia-Pacific region, Singapore serves as a strategic base for CBL’s regional expansion. CBL’s revenue in Singapore increased by 102% year-over-year in 2024 as compared to 2023. This growth reflects both increased demand for traditional marine fuels and early adoption of biofuel.

Another milestone is playing a role in CBL’s launch of biofuel supply services across key markets. In March 2025, we successfully launched biofuel supply services in Singapore, after providing biofuel supply services in Malaysia, Hong Kong, and various ports in China. This aligns with global regulatory shifts such as the IMO GHG Strategy, which mandates a 40% reduction in carbon emissions by 2030 and moves towards a net-zero future by or around 2050, positioning us at the forefront of Asia-Pacific’s green maritime transition.

These achievements underscore our rapid operational scaling and strategic importance within CBL’s regional network, which now spans over 60 ports globally, including 13 of the world’s top 15 ports.

MT: How will this rebranding affect Banle International Singapore’s operations and vision in the republic and the Asia-Pacific region?

The rebranding from Majestic Energy Singapore to Banle International (Singapore) Pte Ltd marks more than just a name change—it represents a deeper alignment with the Group’s identity and long-term vision.

Operationally, the rebrand strengthens our market presence in Singapore, the world’s largest bunkering hub with annual sales nearing 55 million metric tons in 2024. It also enhances brand recognition across the Asia-Pacific region, where CBL continues to expand its footprint across intra-Asia and Euro-Asia trade routes.

Strategically, the move allows us to better leverage the Group’s global resources, supplier networks, and ESG initiatives. For example, CBL’s biofuel sales surged by over 600% year-over-year in 2024, and our unified brand enables seamless execution of sustainability-focused strategies across all markets we serve.

Ultimately, this rebranding reinforces our commitment to being a trusted partner in the transition toward greener shipping solutions, while maintaining operational excellence and customer-centric service delivery.

MT: What are the short and long-term goals Banle International Singapore has set in the area of sustainable marine fuels?

Our short-term goals for 2025 to 2026 are to expand our biofuel capabilities in Singapore and other regional hubs, increase B24 and B30 biofuel supply availability across our 60+ port network, and collaborate with local regulators and industry stakeholders to promote adoption of TR 140:2025, the new national technical reference standard for biofuels in Singapore.

Beyond 2026, our long-term goals are to move beyond biofuels and develop a full suite of sustainable marine fuels, including LNG, methanol, ammonia, integrate vertically into the biofuel supply chain, from securing feedstock sources to refining, blending, and final delivery and support the global shipping industry’s decarbonisation journey by offering cost-effective, scalable, and compliant green fuel solutions.

We believe that the future of bunkering lies in diversified energy offerings, and we aim to be at the forefront of that transformation in the Asia-Pacific region.

MT: With CBL’s biofuel sales volumes and sales surged over 600% year-over-year in 2024 and CBL launching its first biofuel supply services in Singapore in March 2025, what strategies will Banle International Singapore deploy to support the Group’s expansion in this?

We’re deploying a multi-pronged strategy to support the Group’s continued expansion in biofuels:

  • Regional Outreach and Market Education: We’re actively engaging with shipping companies and shippers across Southeast Asia, Greater China, and Northeast Asia, promoting awareness and confidence in using biofuels like B24 and B30.
  • Regulatory Engagement: We are working closely with local authorities in Singapore and elsewhere to shape favourable policies and standards, such as the TR 140:2025 standard, which will help accelerate adoption.
  • Partnership Building: We are forging alliances with feedstock suppliers, refiners, and technology providers to secure stable and cost-efficient supply chains for biofuels.
  • Technology & Automation Investment: Leveraging digital platforms and automation to improve inventory management, order fulfillment, and compliance tracking—ensuring efficient and transparent operations.

By combining these strategies, we aim to solidify our position as a leading provider of sustainable marine fuels in the region and contribute meaningfully to CBL’s global growth ambitions.

MT: With Singapore launching a new bio bunker fuels standard to complement ISO 8217: 2024, how will this impact the local biofuel market and the company’s biofuel operations?

The launch of TR 140:2025, Singapore’s new national technical reference standard for bio-bunker fuels, is a pivotal development for the local and regional biofuel market.

This standard complements ISO 8217:2024, which governs marine fuel specifications, and provides clear guidelines on quality, compatibility, and performance of biofuels used in the maritime sector. Its introduction is expected to:

  • Boost Shipper Confidence: Standardised specifications reduce uncertainty about fuel quality and engine compatibility, encouraging wider adoption among shipping operators.
  • Attract More Suppliers and Investors: With clearer benchmarks, more players—including refiners, traders, and logistics providers—are likely to enter the market, increasing competition and innovation.
  • Support Regulatory Compliance: As part of Singapore’s broader push for green shipping and ESG compliance, TR 140:2025 aligns with initiatives like the FuelEU Maritime regulation, enhancing Singapore’s appeal as a sustainable bunkering hub.

For CBL, this presents an opportunity to scale up our biofuel operations, streamline quality control processes, and offer standardised products that meet or exceed both international and local requirements. We are already adapting our supply chain in Singapore to align with TR 140:2025, ensuring we remain ahead of the curve in delivering safe, high-quality, and compliant biofuels.

Related: CBL International renames Singapore subsidiary to bolster regional growth strategy
Related: VPS: Singapore releases new bio bunker fuels standard to complement ISO 8217:2024
Related: Exclusive: Banle Group stays ahead of the curve in bio bunker fuels and global expansion

 

Photo credit: Manifold Times
Published: 11 June, 2025

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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