Fortescue settles charter dispute for US$20m
Pilbara iron ore producer Fortescue Metals Group has paid out US$20.3m to settle a dispute with SK Shipping Europe over two suspended ship charter contracts.
The Perth-based miner has also restructured its chartering deals with SK Shipping, agreeing to two new time charters with respective terms of four and eight years.
“Fortescue has now successfully completed settlements with four counterparties and now only has two remaining...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.