From lloyds
qte
Australia’s Fortescue stands to have hundreds of millions of dollars seized and frozen by US courts after it announced its intention to suspend long-term cargo deals with a series of bulker operators and owners.
The Angelicoussis group, Swiss-based Armada and George Economou’s Classic Maritime are going after Fortescue Mining Group (FMG), whose lawyers apparently forgot to tell it about Rule B attachments. The special US rules for freezing cash in maritime disputes have made defaulting on maritime contracts a dicey undertaking for foreign companies that are too big to hide their assets.
unqte
brgds
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Last
$16.23 |
Change
-0.110(0.67%) |
Mkt cap ! $49.97B | |||
| Open | High | Low | Value | Volume |
| $16.15 | $16.45 | $15.94 | $102.0M | 6.282M |
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| No. | Vol. | Price($) |
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| 6 | 45600 | $16.23 |
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| Price($) | Vol. | No. |
|---|---|---|
| $16.30 | 12800 | 3 |
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| Last trade - 16.20pm 08/07/2025 (20 minute delay) ? |
| FMG (ASX) Chart |