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 now reported sold for $61m. Sources say the outfit has let go of the 2017-built Fomento Two. The latest sale leaves the outfit with two slightly younger, same-sized ships built by Japan Marine United. Run by the Timblos family, the group has been a significant player in the mining sector in Goa and has been a key player in the Goan economy since 1957. Newcastlemaxes have changed hands around the world at record levels this year. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsIndia