Anil Sharma’s Lila Global is employing the same financing model as his cash-buying arm GMS to fund vessel purchases — it pays for its ships outright in cash.
“Our model is unique,” Sharma said. “We buy on straight cash, we create a pool of assets, and then we go to a bank.”
When buying a ship, Lila Global uses an adapted version of GMS’ recycling contract with some clauses changed to make it suitable for a trading sale.
