Fortescue Metals Group (FMG) is pursuing a plan to build a second iron ore port in Australia as it continues to try to resolve legal battles with bulker owners.
The mining group cancelled a series of charter contracts in December as rates slumped.
It has already paid out to Belgium’s Bocimar and George Economou’s Classic Maritime.
Fortescue executive director Graeme Rowley told reporters after an extraordinary general meeting in Perth that 40% of the company’s shipping disputes remained.
"We
