MACRO Realty Developments

Archive for June, 2014

FMG signs contract to build new iron ore ships

Jun 17, 2014  Articles

Fortescue has signed a contract to construct four new ‘very large ore carriers’ (VLOC). The contract, with an unnamed Chinese shipyard for the vessels, is valued at approximately US$ 275 million and will see the four ships delivered from November 2016 through to May 2017. The majority of payments will be made upon delivery and Read the full article…

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