Lila Global, the shipowning affiliate of cash buyer GMS, has switched from buyer to seller and is being linked to the sale of two capesize bulkers.
Given the way capesize values have appreciated over the past year, the Dubai-based firm is likely to have made a profit in flipping the pair, if it is confirmed as the seller.
Brokers report that Lila’s 171,448-dwt P Melis (built 2003) has been sold for an undisclosed amount to Chinese buyers.
