Lender to Sete Brasil just wants to jump ship

 

Without having faith in the judicial recovery process of Sete Brasil – and who does? – Jurong shipyard will take tougher measures against the company. The Singapore Group is expected to demand possession of the Arpoador drill ship, which Jurong is building for Sete Brasil. It would use the equipment to cover part of the R $ 250 millions that Sete Brasil owes. About 90% of the drill ship is already completed.

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