Lila Global’s VLCC bet pays off with 55% asset value surge in months

Lila Global has nailed the tanker cycle, with its latest VLCC play delivering a striking asset value uplift in just a few months.  In November, Splash reported that COSCO was offloading the Japanese-built, scrubber-fitted Cosgrand Lake (299,000 dwt, 2006) at a steep discount, linking the sale to GMS at around $35m. The sale raised eyebrows, coming well …

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