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You are here: Home → Archive → 2010 → January → Weekly Edition 7th January 2010 → Fortescue settles SK charter dispute – just two to go now

Fortescue settles SK charter dispute – just two to go now

by Liz McCarthy — last modified Jan 11, 2010 12:40 PM

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...

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