Bocimar and Fortescue agree on ten-year vessel charter

‘FMG Matilda’, a 2008-built 178,000DWT Capesize bulker in Bocimar’s fleet.

Belgium-based Bocimar International and Australia’s Fortescue Metals Group (FMG) have agreed to establish a shipping joint venture which includes the time chartering of three Bocimar Capesize vessels. Two of these vessels will be delivered this year, while the third vessel will be delivered in mid-2010. The time charters are all for a period of ten years.

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