Oil Fields
Brazil's Batista Target of Insider Trading Probes
Eike Batista, who was Brazil's richest man for most of the past decade, is under investigation for allegedly engaging in insider trading while he chaired his now-bankrupt oil-producing and shipbuilding firms, securities industry watchdog CVM said on Friday. In a statement sent to Reuters, Rio de Janeiro-based CVM confirmed that Batista is a respondent in six of nine probes that executives of his Grupo EBX conglomerate are facing for breaching securities rules. In two of them, regulators are examining whether Batista allegedly took advantage of his access to privileged information.
Pirate Ship 'Black Pearl' Embarks on Piggy-Back Voyage
Yacht Path Marine Group were contracted to transport the 'Pirates of the Caribbean' 140-ft replica tall ship across two oceans. The 270-ton, 140-foot custom-build pirate ship 'Black Pearl', was loaded aboard a BBC heavy lift vessel in Barbers Point, Hawaii for the three-week voyage to St. Thomas, USVI. The replica pirate ship "Black Pearl" was most famously known for her role in Disney's blockbuster 'Pirates of the Caribbean' franchise, and was constructed over the hull of another vessel, the "Sunset", which was once used to service the oil fields in the Gulf of Mexico.
