 All "Valemax" vessels, with the exception of those owned and operated by Berge Bulk, were initially given names consisting of the word "Vale" and a place name, either one related to the mining operations of Vale S.A. in Brazil or a potential destination for the new iron ore carriers.However, none of the original 35 "Valemax" vessels retains its original name.When Vale signed a $500 million contract with the Chinese shipping company Shandong Shipping for the operation of four "Valemax" vessels, the ships were given new names beginning with "Shandong".