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

Dr. Afif Saif Al Yafei Appointed Group Chief Executive Officer at AD Ports Group

Dr. Afif Saif Al Yafei Appointed Group Chief Executive Officer at AD Ports Group

LR Report Finds Alternative-Fuel Vessels Outpace Port Readiness

LR Report Finds Alternative-Fuel Vessels Outpace Port Readiness

tigerlab Launches Brokerage Management Platform for Marine Cargo

tigerlab Launches Brokerage Management Platform for Marine Cargo

Nakilat Names Nine New Gas Carriers in South Korea

Nakilat Names Nine New Gas Carriers in South Korea

Subscribe for Maritime Logistics Professional E‑News

Oil giants rush in to help Italy's Meloni reduce energy costs by introducing fuel price caps
Volkswagen recalls 4 million cars, Handelsblatt reports
Pentagon: Boeing has won the contract for next-generation US Navy fighters.