Shipping contract changes under legal review: FMG

FORTESCUE Metals Group’s plans to renegotiate its shipping contracts have resulted in ongoing discussions with shipping companies and could also trigger legal action.

The company said this morning it was continuing to review its shipping contracts and would be using all “appropriate legal mechanisms” to sort out the disputes caused by the process.

China mining understands one Asian shipping company has begun legal action against FMG in the United States over the suspension of the shipping contracts.

The Perth-based miner said today it had sought legal advice prior to taking its decisive action under the contracts and would continue to take legal advice over the issue.


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