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

Cocoa Futures Drop While Sugar, Coffee Steady

Cocoa Futures Drop While Sugar, Coffee Steady

Maersk Orders 26 Large Containerships in Fleet Renewal

Maersk Orders 26 Large Containerships in Fleet Renewal

October Deliveries of Aramco Crude Halted to Some European Refiners

October Deliveries of Aramco Crude Halted to Some European Refiners

London Marine Insurance Market Widens Black Sea Risk Zone

London Marine Insurance Market Widens Black Sea Risk Zone

Subscribe for Maritime Logistics Professional E‑News

Minister: Third of Ukraine's soil is suffering from moisture shortages which are delaying sowing.
Before the port is reopened to Mexican livestock, a US horse has been infected with screwworm
Sinograin China resumes large-scale soybean sales in advance of Trump-Xi Summit