Details arescant, but the vessels are likely to be quite small given that the contractprice is a mere $10.63 million each.

Rio Tete isa new shipyard that is scheduled to open next month. It is one of several newyards that form part of a project by the Brazilian government to revive thecountry’s shipbuilding industry.

So far state-ownedTranspetro is the biggest supporter of this project, having ordered numeroustankers at Brazilian yards.