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

Sailors' Society to Roll Out Seafarer Wellbeing Program

Sailors' Society to Roll Out Seafarer Wellbeing Program

Svanehoj Appoints Larsen President

Svanehoj Appoints Larsen President

188 Merchant Marine, Military Officers Graduate from USMMA

188 Merchant Marine, Military Officers Graduate from USMMA

Congressman Suozzi Delivers Keynote at Webb Graduation

Congressman Suozzi Delivers Keynote at Webb Graduation

Subscribe for Maritime Logistics Professional E‑News

There are some flights to the Middle East that have resumed but there is still disruption.
The morning bid for EUROPE-Yen is in trouble
Lobby says that the increase in rail tariffs may raise farm costs and cause cargo to be transported by road.