BHP Billiton says merger will not hit freight rates

Analysts believe bid for Rio Tinto increases chartering clout and influence on market

By Michelle Wiese Bockmann - Thursday 7 February 2008

THE chief executive of BHP Billiton said its $147.4bn takeover bid for rival Rio Tinto would not give the mining giant greater control over freight rates in the global bulk shipping market.

Chief executive Marius Kloppers yesterday indicated that BHP Billiton — one of the world’s largest charterers of bulk ships — would not expec...

The rest of this article is only available to Lloyd’s List Library subscribers

Already a subscriber? Log in below


Forgotten your password?