CBL International facilitates BYD\u2019s first LNG bunkering in Shenzhen
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Kuala Lumpur-headquartered bunkering services facilitator, CBL International Limited (NASDAQ: BANL), t has completed the first-ever LNG bunkering operation in Xiamo Port in Shenzen<\/a>, China. The bunkering, serving the world\u2019s largest manufacturer of electric and hybrid cars, BYD,<\/a> was facilitated in collaboration with China National Offshore Oil Corporation (\u201cCNOOC\u201d), which supported this inaugural LNG bunkering at the port.<\/p>\n CBL says that this milestone strategically diversifies its revenue streams and expands its sustainable fuel offerings beyond its existing biofuels portfolio. Against the backdrop of the global shipping industry accelerating decarbonization, notes CBL, LNG serves as a mainstream marine clean energy source, capable of significantly reducing greenhouse gas emissions<\/a> by approximately 20% with near-zero emissions of sulfur oxides and particulate \u2014and lowering fuel costs by approximately 25%-30%. This initiative supports the maritime industry\u2019s transition toward cleaner energy solutions in line with regulations such as FuelEU Maritime and IMO 2030\/2050 targets.<\/p>\n \u201cThis is a strategic step in our journey to become a comprehensive marine energy services partner,\u201d said Dr. Teck Lim Chia, chairman and CEO of CBL International. \u201cWe are grateful to BYD and CNOOC for their trust and collaboration.\u201d<\/p>\n The post CBL International facilitates BYD\u2019s first LNG bunkering in Shenzhen<\/a> appeared first on Marine Log<\/a>.<\/p>\n<\/div>\n