14
Nov
11:08
FMG gets Chinese financing for VLOCs
Australia’s FMG has signed an agreement with China Development Bank Financial Leasing to fund most of the cost of building eight new very large ore carriers (VLOCs). The $473 million facility also follows FMG’s trend of allowing flexibility for early payment of debt, Kallanish notes.
The first VLOC is to be delivered this month, and all eight will be in action by the end of 2018. They are being built in China by Jiangsu Yangzijiang and Guan…
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Anonymous
Very good overview of the weekly steel market.
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