FMG finds fleet funding

FORTESCUE Metals Group has completed an agreement with the China Development Bank Financial Leasing to finance the eight very large ore carriers it is having built.

FMG finds fleet funding FMG finds fleet funding FMG finds fleet funding FMG finds fleet funding FMG finds fleet funding

FMG's VLOCs will handle about 12% of its ore shipments to China.

The finance facility funds 85% of the VLOC cost for a minimum of 12 years on highly flexible terms, including early repayment and extension options.

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