The Brazilian shipbuilder, which filed for bankruptcy inNovember, admits that negotiations with Cerberus and other potential investorsare ongoing but that talk that a deal has been signed are wide of the mark.

OSX is said to be looking for $215m from a debtor-in-possessionfinancing (DIP) deal after sister oil and gas firm OGX, which has also filed for bankruptcyprotection, secured a similar loan last week.

“The