This excerpt taken from the PBR 6-K filed Jan 23, 2007.
Vessel construction and acquisition
Oil tanker fleet renewal foresees the construction, in Brazilian shipyards, of 42 units, with an initial order for 26 vessels, 15 of which will be delivered by 2010. Investments are expected to cap out at R$4.1 billion, with a high rate of nationalization. Also, two super oil tankers (VLCC) will be ordered before 2010.