Global mining giant Brazilian Vale just announced that it would sale or rent out 18 VLOCs, including 12 vessels ordered in China at $133m and 6 vessels ordered in Korean shipyards at $115m. Insiders estimates the average for each vessel would be at around &&87.4m. Since the beginning of 2008, Vale launched its plan to purchase secondhand vessels and put new orders for the sake of lower shipping cost. However, China Shipowners’ Association now concern over that the company’s fleet expansion may threat global shipping market by monopoly.