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

MISC Reports First Quarter Increase in Revenue

MISC Reports First Quarter Increase in Revenue

MacGregor Sees Strong Year Despite Order Dip in First Quarter

MacGregor Sees Strong Year Despite Order Dip in First Quarter

Jumbo Orders Two New Heavy Lift Vessels

Jumbo Orders Two New Heavy Lift Vessels

CMA CGM NOTRE DAME, World’s Largest LNG-Powered Containership, Begins Maiden Voyage

CMA CGM NOTRE DAME, World’s Largest LNG-Powered Containership, Begins Maiden Voyage

Subscribe for Maritime Logistics Professional E‑News

On its first day, Sweden's Karsan autonomous bus was hit by a tram.
American Airlines will equip 500 narrow-body aircraft with Starlink Wi Fi by 2027
French and Benelux stocks - Factors to watch for on May 27