Brazil's Vale to sell 4 large iron ore carriers to China's CMES

martes 19 de mayo de 2015 12:56 GYT

RIO DE JANEIRO May 19 (Reuters) - Brazilian miner Vale said on Tuesday it agreed to sell four large iron ore carriers to China Merchants Energy Shipping Co (CMES) , as it looks to raise cash in the midst of an iron ore price slump.

The world's largest producer of iron ore said in a statement the details of the contract had not yet been finalised and will be released in the coming months. (Reporting by Stephen Eisenhammer)