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

Russian Wheat Exports Rise in Price as Black Sea Supplies Dwindle

Russian Wheat Exports Rise in Price as Black Sea Supplies Dwindle

European Wheat Prices Fall on Hopes of Black Sea Peace

European Wheat Prices Fall on Hopes of Black Sea Peace

80 Vessels Queue to Enter the Danube

80 Vessels Queue to Enter the Danube

The Switch Receives Highest Marine Electric Machine Orders to Date in July

The Switch Receives Highest Marine Electric Machine Orders to Date in July

Subscribe for Maritime Logistics Professional E‑News

InPost barely beats forecasts for the second quarter but reduces guidance
Eight people are still missing following the north Cyprus ferry accident that killed eight
EU Aviation Safety Agency narrows Gulf Airspace Warning