Lila Global, the shipowning arm of cash buyer GMS, has made a tidy profit from selling on a suezmax acquired last October.

Brokers report that the 159,000-dwt Lila Hong Kong (built 2003) was offloaded by the United Arab Emirates-based company to an unknown Chinese operator for $33m.

The tanker was bought from China’s Cosco Shipping Energy Transportation (CSET) as the Da Ming Hu for $21.5m