Antaq prepares study to re-evaluate parameters for chartered ships

Antaq (National Water Transportation Agency) will request that its technical department assess the appropriate parameters for size restrictions on foreign vessels being chartered.

The decision to request this assessment was made on May 28th at its board meeting. This is due to the perceived need for better discipline on the subject to avoid competitive imbalances.

According to Antaq’s director, Francisval Mendes, companies and associations filed complaints with the agency about this procedure, which is called leverage of tonnage. Agency rules require that a chartered foreign vessel must have a similar size (tonnage) to the vessel the Brazilian company already has.

However, Brazilian companies are said to be using vessels of low value but high tonnage to charter foreign vessels in the same proportion. According to Mendes, a detailed study of the topic is necessary for a better evaluation. No deadline for the completion of this process was given.

Source: Agência Infra

Sharing is caring!