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Goa-based Fomento Group, which entered shipowning eight years in the past, has bought one in every of its 4 ships, offloading the 2016-built Fomento One newcastlemax to Greek pursuits for $55.9m, a ship that the Indian miner had ordered at Daehan Shipbuilding in South Korea a decade in the past. The corporate is left with three newcastlemaxes.
Run by the Timblos household, the outfit is a significant participant within the mining sector in Goa and a key participant within the Goan financial system since 1957.
Newcastlemaxes have a most beam of fifty m, and a most size total of 300 m and discuss with the most important vessel in a position to enter the port of Newcastle in Australia. This outsized cape ship sort has been altering palms at report ranges this yr.
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