 In March 2016, it was reported that the last of the original 35 "Valemax" vessels to be built had been sold for just $16.8 million.Initially anonymous, the buyer was later identified as Pan Ocean (formerly STX Pan Ocean), the shipping company who originally ordered the vessel.The unfinished vessel was completed by the Chinese shipyard Shanhaiguan Shipbuilding and named "Sea Ponta da Madeira".