marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

Petrobras Executive Extends Leave Amid Investigation

December 5, 2014

Brazil's state-run oil company Petroleo Brasileiro SA extended a leave of absence for the head of its tanker and pipeline unit, Transpetro, for 30 more days according to a filing on Friday.

Transpetro President Sergio Machado stepped down temporarily on November 3 as police investigated a corruption scandal at the company that has delayed the release of audited earnings, implicated an array of major contractors and threatened to ensnare dozens of politicians.

(Reporting by Brad Haynes and Alberto Alerigi Jr.; Editing by Chizu Nomiyama, Reuters)

Logistics News

Nakilat Brings In $355m Net Profit for Q3 2026

Nakilat Brings In $355m Net Profit for Q3 2026

Maersk, Hateco to Analyze Railway Freight Terminals in Vietnam

Maersk, Hateco to Analyze Railway Freight Terminals in Vietnam

Latvia Identified as Top-Five Importer of Russian Grain

Latvia Identified as Top-Five Importer of Russian Grain

Russian Diesel Cargoes Continue to Intended Destinations After Export Ban Lifts

Russian Diesel Cargoes Continue to Intended Destinations After Export Ban Lifts

Subscribe for Maritime Logistics Professional E‑News

Poland suspects Starlink fire as a sabotage
Alaska Air expects certification of the Boeing 737 MAX 10 by end-September
Boeing flags 737 MAX Software Bug Affecting Landing Navigation Feature, WSJ Reports