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

Compas Cartagena Terminal Employs LHM 600 Crane

Compas Cartagena Terminal Employs LHM 600 Crane

State Lawmakers Engage in Tours, Presentations During FreightWeekSTL

State Lawmakers Engage in Tours, Presentations During FreightWeekSTL

Elizabeth O’Connor Appoint as Executive Director of American Maritime Congress

Elizabeth O’Connor Appoint as Executive Director of American Maritime Congress

Subsea Global Solutions Launches New C-ROV Services

Subsea Global Solutions Launches New C-ROV Services

Subscribe for Maritime Logistics Professional E‑News

The US-Iran agreement promises an end to the war, but its implementation remains unclear
Washington Airport will be closed for the majority of the Fourth of July
Yandex Bank is the target of UK sanctions against Russia's shadow navy