marinefuellogistics company cbl international ltd has filed to go public with an offering that would raise between 15 million and 18 million the company which operates out of southeast asia and generates most of its revenue from china and hong kong said it would offer 375 million shares at an expected price of between 4 and 480 cbl has historically conducted business as banle international group limited and has applied to list its shares under the ticker symbol banl on the nasdaq capital market the company said it expects to receive proceeds of 14 million after underwriting fees and plans to use the funds to grow its roster of local suppliers gain higher shares of its existing markets and develop a centralized management information system about 25 million would be used as cash collateral for trade financing activities according to the filing cbl describes itself as providing a onestop solution for vessel refueling within the bunkering industry in the asiapacific region the company facilitates vessel refueling between ship operators and local distributors and traders