marine link image
REGISTER NOW FOR the Port of the Future Conference • 2 Days, 50 Ports • Houston, TX • March 24–25, 2026

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

Exxon, BP, Vitol Ship Record Volume of US Oil Products to Australia in March

Exxon, BP, Vitol Ship Record Volume of US Oil Products to Australia in March

GT Wings Establishes Manufacturing Partnership with Zunsion Technology for AirWing Production

GT Wings Establishes Manufacturing Partnership with Zunsion Technology for AirWing Production

CK Hutchison Banks 7% Profit Rise

CK Hutchison Banks 7% Profit Rise

Echo Marine Group to Deliver Western Australia’s First Electric Ferry Fleet

Echo Marine Group to Deliver Western Australia’s First Electric Ferry Fleet

Subscribe for Maritime Logistics Professional E‑News

US airline CEOs call on Congress to resolve the standoff and pay airport security personnel
India is seeking passage for other vessels that are stranded in the Strait of Hormuz area after a few have sailed through
Sable Offshore is directed by the Trump administration to restore Santa Ynez Oil Unit