UPDATE 1-Brazil's Vale to sell 4 large iron ore carriers to China's CMES
May 19, 2015 at 13:26 PM EDT
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.