Petrobras orders four new tankers

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Petrobras has placed a $427 million order with the Estaleiro Rio Grande shipyard to build four medium-range oil tankers.

Petrobras Transporte (Transpetro) signed the deal for the MR1-class vessels.

Each ship is set to have a gross tonnage (GT) of 40,000 tons and be able to operate on biofuels and in electrified ports.

The first vessel is set to be delivered within 33 months.