 The twelfth and last "Valemax" vessel of the original order by Vale, "Ore Ningbo" (renamed before delivery), was delivered on 23 January 2015.On 2 November 2008, Oman Shipping Company signed a framework agreement with RSHI for the construction of four 400,000-ton vessels to transport iron ore from Brazil to the Port of Sohar in Oman, where Vale is expected to open a steel plant in near future.The shipbuilding contract, worth US$483 million, was signed in July 2009.