Fortescue’s First VLOC Completes Maiden Voyage

FMG Nicola, the first of eight very large ore carriers (VLOCs) ordered in 2014 by Australian iron ore company Fortescue Metal Group (Fortescue), has arrived in the country’s Port Hedland completing its maiden voyage from China.

Fortescue Secures Funds for Eight VLOCs

Australian iron ore company Fortescue Metals Group Limited has finalized an agreement with the China Development Bank Financial Leasing Co., Ltd. (CDB Leasing) to finance eight Very Large Ore Carriers (VLOCs) currently under construction.