Fatal vessel attack disrupts Ferrexpo's iron ore pellet exports

Ferrexpo, the Swiss-headquartered, London-listed iron ore producer with operations in Ukraine, has reported a major disruption to its logistics operations after a vessel carrying its high-grade products was struck by Russian drones in the Black Sea, costing the life of a crew member, according to the company's announcement on Wednesday.

The vessel, which was loaded with Ferrexpo's premium direct-reduction-grade pellets (FDP), came under attack while sailing in Ukrainian waters. Although the vessel remains afloat, the condition of both the cargo and the ship's structural integrity has yet to be determined, said the company. The affected shipment forms part of Ferrexpo's