 However, the reports were rebutted by RSHI, who called them "inaccurate and unfounded".On 26 October 2009, Vale ordered four "Valemax" vessels from the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) for $460 million.Further three ships were ordered from DSME in July 2010, bringing the total order to seven 400,000-ton "Valemax" vessels.