Tony Fei

Tony Fei asked about the impact of the new U.S. reciprocal tariffs, effective August 7, on CBL International and the broader bunkering industry.

Answer

Chairman and CEO Dr. Teck Lim Chia explained that CBL has minimal direct impact as it has no U.S. port operations. However, tariffs redirected cargo from traditional China-U.S. routes to alternative regions like Asia-Pacific and Europe, increasing demand for bunkering services along these new corridors. He cited a Dana Liners report showing increased exports to the Far East and imports from the Far East to other regions (Jan-May this year). He concluded that CBL's extensive network allowed it to leverage these changes and meet demand from new trade flows, limiting the overall impact on the company.

Tony Fei from BOCI asked about the impact of the new U.S. reciprocal tariffs, effective August 7, on CBL International and the broader bunkering industry.

Answer

Dr. Teck Lim Chia, Chairman and CEO, stated that CBL International has minimal direct impact from U.S. tariff changes as it does not operate in U.S. ports. However, the tariffs redirected cargoes from traditional China-U.S. routes to alternative regions like Asia-Pacific and Europe, increasing demand for bunkering services in these corridors. CBL leveraged its extensive network to meet this demand, limiting the overall impact on the company.

Tony Fei from BOCI asked about the impact of the new U.S. reciprocal tariffs, effective August 7th, on CBL International and the broader bunkering industry.

Answer

Dr. Teck Lim Chia, Chairman and CEO, stated that CBL International has minimal direct impact from U.S. tariff changes as it has no operations in U.S. ports. However, he noted that tariffs have redirected cargo from traditional China-U.S. routes to alternative regions like Asia-Pacific and Europe, increasing demand for bunkering services in these corridors. He cited a Dana Liners report showing a 7.8% increase in exports to the Far East and a 2.3% rise in imports from the Far East to other regions from January to May this year. CBL International has leveraged its extensive network to meet demand from these new trade flows, limiting the overall impact on the company.