FMG 1.91% $13.84 fortescue metals group ltd

fortescue exuberance may be short-lived

  1. 838 Posts.

    We understand that the contracts are signed with full disclosure of the freight cost to the customer who agreed before the contract was signed, but there will almost inevitably have to be some sharing in the pain as customers will be pushing back on being charged any freight cost over spot at the moment,'' said Citi analyst Clarke Wilkins. Mr Wilkins projected Fortescue would report a $137 million loss on its freight book this year.
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