OSX was hired by Kingfish do Brasil Navegação S/A to build 11 medium range tankers, with 45,000 DWT (Deadweight Tonnage) each, for transportation of oil and clear products. These vessels shall be chartered by Kingfish to Petrobras. The approximate total value of the shipbuilding contract between Kingfish and OSX is US$ 732 million with deliveries expected to take place until 2017, at the Açu Shipbuilding Unit, located in the north of the State of Rio de Janeiro. Kingfish do Brasil is dedicated to providing logistics and marine transportation solutions to the Brazilian oil and gas market, by means of cabotage and long haul shipping. The company was founded by Kingfish Trading in 2009.