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Tomini Shipping aims to grow dry bulk fleet with three ultramax newbuildings

Chief executive Nitin Mehta said it has plans to order newbuild ships and has been in discussions with builders in China and Japan. However, China is seen as having the price advantage

Tomini has a young fleet of ships aged about three years old, and the average age of the fleet is expected to be less than two years by end-2019, the chief executive said

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