Brazil OSX To Buy 2 Oil Ships For $54 Million, Announces Shipyard Site

Brazilian shipbuilder and leaser OSX Brasil SA ,controlled by Brazilian billionaire Eike Batista, said late Wednesday it agreed to purchase two oil carriers for a total of $54 million from Vela International Marine Ltd.
The two very-large crude carriers, or VLCCs, will be converted into floating production, storage and offloading craft, or FPSOs, and leased out to OSX's sister company, oil prospector OGX Petroleo e Gas Participacoes SA, OSX said in a statement.
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Source: Nasdaq