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

Brittany Ferries Ends Live Irish Calf Exports

Brittany Ferries Ends Live Irish Calf Exports

Ukrainian Exporters Encouraged to Prepare for Halted Port Operations

Ukrainian Exporters Encouraged to Prepare for Halted Port Operations

PIRIOU Delivers Third Wind-Powered Cargo Ship to NEWTOWT

PIRIOU Delivers Third Wind-Powered Cargo Ship to NEWTOWT

Iran Creates Oil Bonanza for the Americas

Iran Creates Oil Bonanza for the Americas

Subscribe for Maritime Logistics Professional E‑News

Fuel costs threaten winter forecast, so Ryanair reduces its traffic target
US LNG exports increase in August as Europe grabs cargoes before winter
Farmers' union warns exporters to Ukraine that they should prepare for the possibility of closed ports