Subscribe to RSS feedFortescue litigation storm gathering
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Obsidian
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last modified
Mar 05, 2009 12:00 AM
Fortescue Metals was facing US$171m ($262m) in potential damages for breaking shipping contracts, the iron ore miner said last week.
"This covers all of the unresolved suspended and terminated contracts and a number of existing time charter agreements that remain active," the company said.
Fortescue priced one terminated time charter claim from an unnamed shipowner at US$100m.
Litigation had...
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