OceanPact Serviços Marítimos (OPCT3) reported this Thursday, August 13, 2026, that the Second Panel of the Superior Court of Justice (STJ), in a virtual session, unanimously decided not to admit the internal appeal filed by Petróleo Brasileiro S.A. within the scope of the AgInt in EAREsp 2551735/RJ (Case No. 0266741-35.2020.8.19.0001), known as the Coral Case, regarding the collection by UP Offshore Apoio Marítimo Ltda. (“UP”), an OceanPact subsidiary, of amounts due under the charter agreement for the vessel UP Coral.
According to OceanPact, the ruling on the decision is still pending release and publication and, if it becomes final and unappealable, procedures for calculation (liquidation) and enforcement of the judgment will have to be carried out.
The company reiterated that, as stated in the Material Fact of June 30, 2023 and in its financial statements, the disputed receivables that are the subject of the Coral Case and other UP Cases, related to the collection of daily rates under contracts terminated due to the alleged failure to renew the Charter Authorization Certificate (CAA), were partially assigned, with UP entitled to a future majority share in the amount effectively recovered that exceeds the cash amount received, adjusted under the terms of the assignment.
OceanPact also recalled that, as disclosed in the Material Fact of February 27, 2026 on the business combination with CBO Holding S.A., any economic benefits arising from the UP Cases will be received exclusively by whoever is a shareholder of OceanPact immediately before the potential closing of the transaction, which is still subject to the fulfillment or waiver of the applicable conditions precedent.
