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
$17.81 |
Change
0.560(3.25%) |
Mkt cap ! $54.83B | |||
| Open | High | Low | Value | Volume |
| $17.43 | $17.84 | $17.34 | $193.2M | 10.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3058 | $17.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.81 | 3545 | 4 |
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| Last trade - 16.14pm 22/07/2025 (20 minute delay) ? |
| FMG (ASX) Chart |