CBL International Limited, a Nasdaq-listed marine fuel logistics company, has acquired a 50.5% majority stake in Green Marine Energy Holdings Limited (GMH), a British Virgin Islands-incorporated company. The acquisition, announced on 22 April 2026, aims to bolster CBL’s sustainable fuel material trading business in Malaysia, supporting the sustainable aviation fuel (SAF) and biofuel industries.
GMH operates in Malaysia, focusing on feedstock trading for SAF and biofuels, alongside traditional bunkering services. The company holds licences to source and trade raw materials for SAF and biofuel production, supported by a robust network of suppliers and customers. Additionally, GMH’s bunkering operations include a licence to supply both conventional and biofuels within Malaysian waters.
This strategic move aligns with the global emphasis on environmental, social, and governance (ESG) considerations and evolving regulatory requirements in maritime and aviation sectors. CBL’s financial resources and expertise in marine fuel logistics are expected to support GMH’s expansion, particularly in scaling its feedstock trading activities and exploring opportunities to supply SAF-related producers in Malaysia.
Malaysia is witnessing increased investment in sustainable fuel infrastructure, with new commercial-scale SAF production facilities emerging. GMH’s licence positions the combined group to develop traditional and biofuel bunkering supply capabilities at key Malaysian ports, including Port Klang, one of the world’s top ten ports by throughput.
CBL’s Chairman and CEO, Teck Lim Chia, stated, “This acquisition represents a measured step to broaden our presence in the sustainable energy supply chain whilst leveraging our core strengths in marine fuel services.”
The transaction is expected to enhance CBL’s long-term positioning in the marine and energy sectors, maintaining its primary focus on established bunkering facilitation activities.
