Goa-based Fomento Group cuts shipowning arm in two
Eight years after entering shipowning, Fomento Group has sold half of its four strong fleet. In May, it offloaded the 2016-built Fomento One newcastlemax to Greek owner Evangelos Marinakis for $55.9m, a ship the Indian miner had ordered at Daehan Shipbuilding in South Korea a decade ago. A second newcastlemax from the same yard is …
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