 They are still far from the largest ship ever constructed — "Seawise Giant" (labeled as the "Knock Nevis" in the adjacent image), built in 1979 and broken up in 2009, was long and had a deadweight tonnage of 564,650 tons — and also considerably longer than the longest ship currently in service, the container ship "Barzan".Vale's decision to construct a fleet of 400,000-ton ore carriers was widely criticized by other shipping companies.The new "Valemax" ships, expected to cut the company's transportation costs by 20–25%, were blamed for driving down the freight rates for the entire industry, swelling the already oversupplied bulk transportation market and stalling the recovery of the shipping business after the financial crisis.