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

BIMCO: Rebuilding Oil Stocks May Support Post-War Tanker Demand

BIMCO: Rebuilding Oil Stocks May Support Post-War Tanker Demand

Lloyd’s Register Announces Nigerian Future Navigators Schools Program Pilot

Lloyd’s Register Announces Nigerian Future Navigators Schools Program Pilot

Brent Moore Promoted to HDR Waterfront Infrastructure Director

Brent Moore Promoted to HDR Waterfront Infrastructure Director

Inchcape Shipping Services Sets Up Shop in Brunei

Inchcape Shipping Services Sets Up Shop in Brunei

Subscribe for Maritime Logistics Professional E‑News

Uganda closes its border with Congo in an attempt to contain Ebola
American Airlines' resilient demand cushions fuel price hit
Starlink and Amazon can bid for EU mobile Satellite Spectrum, Commission says