- Tankers International adds Lila Kochi, a VLCC owned by Dubai-based Lila Global, to its global pool of 29 vessels.
- The move strengthens Tankers International’s scale-driven pooling strategy amid volatile tanker markets.
- Lila Global’s return to the tanker sector reflects a countercyclical growth strategy and commitment to efficient, quality operations.
Tankers International has further expanded its VLCC (Very Large Crude Carrier) pool with the addition of Lila Kochi, a 313,798 DWT vessel owned by Lila Global. Headquartered in Dubai, Lila Global is a growing force in freight and logistics, and its participation reinforces Tankers International’s position as the world’s leading VLCC pool operator, as reported by Ship Management International.
Strategic Growth Aligned with Market Dynamics
Lila Global’s re-entry into the tanker sector is part of a deliberate, countercyclical strategy. The company has recently been active in both the crude and product tanker segments, with the Lila Kochi marking another step in their long-term market positioning. The VLCC pool now includes 29 vessels from 8 different partners, highlighting the growing appeal of Tankers International’s collaborative model.
Pooling Model Enhances Stability and Returns
Tankers International’s pooling arrangement provides shipowners with improved cash flow, access to longer-haul and more profitable trades, and better operational efficiency. By consolidating scale, market data, and commercial expertise, the company optimizes earnings across the fleet — a key advantage in navigating volatile freight markets.
Leadership Perspectives on the Partnership
Charlie Grey, CEO of Tankers International, welcomed the new partner, emphasizing the increasing importance of pooling amid global market fragmentation. He noted that combining strong partners and quality tonnage allows the pool to consistently deliver solid performance, especially as VLCC fundamentals remain favorable.
Faidon Panagiotopoulos, Head of Sale and Purchase at Lila Global, echoed these views, stating that their return to the tanker sector aligns with Tankers International’s operational standards and strategic vision.
He expressed confidence in the partnership’s ability to enhance returns for all stakeholders, regardless of vessel age or market cycles.
Benefits of Scale and Spot Market Exposure
The pooling system enables vessel owners to capitalize on the commercial strengths of spot trading while benefiting from professional management and reduced individual risk. This model allows for a stable earnings profile and flexibility, while still offering the potential upside often limited by long-term charter agreements.
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Source: Ship Management International
