FMG Smashes Iron Shipment Record

Australia’s Fortescue Metals Group (ASX:FMG) has broken a new record by loading its biggest-ever shipment of iron ore through Port Hedland, Australian Mining reported.

As quoted in the market news:

Leaving Port Hedland on Thursday, the Liberian registered ship Hugo N was loaded with 263, 962 tonnes of iron ore, The Australian reported.

Bound for China, the cargo is estimated to be worth about $35 million.

Set in November, the previous record for largest iron ore shipment was 263,023 tonnes of product.

Read the full article in Australian Mining