GMS shipowning affiliate Lila Global has a strong preference for trading its vessels in the spot market.
Lila Global chief operating officer Nitin Mehta told TradeWinds: “The spot market is our playing field. If we believe that this market has peaked and might come down a little bit, then we might look at a counterparty and take a call.”
Mehta credits the company’s ability to trade spot despite its rapid growth to being a low-leverage organisation.
