The government of East Timor has agreed a newbuilding contract with Dutch group Damen for a new passenger/cargo vessel.
The ship will cost EUR 18.6m ($20.75m) and will be delivered in 19 months to operate on the country's north coast.
East Timor is paying about EUR 12.6m, with the German state contributing the rest.
Construction will be carried out in Yichang, China, the Noticias Financieras daily said.
