Fortescue in record-high shipping year
Australian mining giant Fortescue has published its annual report for the fiscal year 2013/14, where the company's mining and shipping activities reached record-highs. The order for a total of eight VLOCs has now been confirmed.
BY LOUISE VOGDRUP-SCHMIDT
The world's fourth largest mining company, Australian Fortescue, has grown to record-highs in shipping, mining activities and processing in the past fiscal year. Fortescue operates with a displaced fiscal year, which means that these record-high activities were achieved in the second half of 2013 and the first half of 2014.
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