FMG refutes ship loading delays

Fortescue Metals Group has denied reports that equipment difficulties have lead to delays in loading some iron ore ships.

In a statement today FMG said it was still experiencing strong customer demand and there had been no change to its operations.

“We are not experiencing any unusual or extraordinary delays in our operations, and as previously reported our operations are performing at record levels,” it said.

“Occasionally, we change the schedule of our shipments to accommodate changes in customer requirements or production sequencing.”

The comments were in response to a Platts article published earlier this week that claimed a Singapore-based customer said “quite a few” FMG buyers had been experiencing delays.

The anonymous customer said they had been told by FMG the delays were brought about by equipment problems, with some shipments being pushed back by around a month.

“Most delays ran into the month after, but some parcels that were supposed to load in November will only load in January,” the source said.

Last week FMG said it achieved a record run rate through its Herb Elliott Port facility in December.

The company said the port loaded 8.5mt of ore onto 45 ships, a run rate 23 per cent higher than the previous monthly record set in May last year.

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