Wednesday, June 1, 2016

UPDATE 1-Court ruling casts shadow over Brazil offshore oil sector

SAO PAULO, June 1 (Reuters) - A Brazilian appeals court has

ruled that a Liberian mortgage is invalid for a Brazilian-owned

oil production ship, sources with direct knowledge of the matter

said on Wednesday, casting further doubt over the future of

secured lending for such vessels in the world's largest

deepwater market.

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