The article in The Australian is pure fantasy. The FMG Cape size vessel would have been booked/fixed well before the freight market really shot up (in the last 10 days or so), so to suggest that BHPB "cornered the market" to force higher prices on FMG is just plain wrong. The shipping team at FMG have been around the freight game for a long while. The action by BHPB was more likely driven by a belief that the freight market will strengthen still further.
bhp lock out fmg from shipping market, page-4
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Last
$18.63 |
Change
0.320(1.75%) |
Mkt cap ! $57.36B | |||
| Open | High | Low | Value | Volume |
| $18.48 | $18.77 | $18.35 | $132.7M | 7.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 26 | $18.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.64 | 7889 | 2 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |