CBL International (BANL)
Coordinating marine fuel supply and vessel refueling across an asset-light port network.
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Facilitates vessel refueling by matching ship operators with local suppliers of conventional marine fuel and B24 biofuel, earning cost-plus spreads while coordinating delivery across a global port network; an asset-light model concentrates dependence on physical suppliers and Asia-Pacific delivery markets.
Connects vessel operators with local physical fuel suppliers, handling quotations, cost-plus pricing, scheduling, just-in-time delivery and delivery exceptions through marine-fuel logistics and bunker facilitation. Conventional marine fuel and B24 biofuel are the documented offerings; LNG and methanol remain prospective additions rather than established product lines.
Operates across Asia-Pacific, Europe, Africa and Central America, with activity centered on China and Hong Kong and European coverage around Amsterdam-Rotterdam-Antwerp. Network breadth, supplier relationships and the ability to resolve last-minute port changes underpin an asset-light service model rather than refinery, terminal or bunker-barge ownership.
Depends on local suppliers for fuel availability, delivery quality, port execution and credit, while price spreads, working-capital financing, customer concentration, sanctions compliance and lower-carbon fuel certifications shape operations. The listed Cayman holding company conducts its business through Asian operating subsidiaries.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.7M · Total debt $50.9K · Total assets $20.8M · Shareholders' equity $5.2M
- Revenue
- $99.3M
- Operating income
- $228.5K
- Net income
- $378.4K
HistoryDividendAnnual yield
| Institutions | 0.76% | 16.1K ADS | |
|---|---|---|---|
| 4 holders · as of Jun 30, 2026 | |||
| Other | 99.24% | 2.10M ADS | |
| remainder | |||
2.12M ADS (1 ADS = 10 ordinary shares) as of Aug 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Citadel Advisors LLCInstitution | 0.54% | 148,296 ADS | as of Jun 30, 2026 |
Virtu Financial LLCInstitution | 0.10% | 26,740 ADS | as of Jun 30, 2026 |
Jane Street Group, LLCInstitution | 0.08% | 22,126 ADS | as of Jun 30, 2026 |
Renaissance Technologies LLCInstitution | 0.04% | 11,800 ADS | as of Jun 30, 2026 |
Asian Strategy LtdStrategic | —10.70% of class, as filed | — | filed Feb 9, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- World Kinect
Global marine-fuel procurement and biofuel rival across major ports.
- TotalEnergies
Global bunker supplier spanning conventional and lower-carbon marine fuels.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CBL International | $5.31 | +0.76% | $11.1M | — | — | 0.1 | — |
| World Kinect | $35.95 | +1.00% | $1.82B | — | 12.9 | 0.0 | +50.0% |
| TotalEnergies | $89.70 | −0.40% | $200.56B | 11.3 | 8.1 | 1.0 | +26.2% |
| Median | 11.3 | 10.5 | 0.5 | +38.1% |