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Anil Sharma eyes ship leasing

Photo of Sam Chambers Sam ChambersNovember 2, 2023
1 690 Less than a minute

Anil Sharma, best known as a cash buyer for ships for recycling, is looking at a new business strand. 

Sharma’s Global Marketing Systems Inc (GMS) is the world’s largest buyer of ships and offshore assets for recycling. On top of that, he has Lila Global, a shipowning division that has grown rapidly in the last couple of years.

Up next? Ship leasing is on the cards. Sharma told local media in India that he is looking at opening a ship leasing unit at the International Financial Services Centre (IFSC) in Gujarat.

So far, eight entities have sought approvals to start ship leasing businesses from the IFSC, a special economic zone with notable tax benefits. 

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Photo of Sam Chambers Sam ChambersNovember 2, 2023
1 690 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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