Minister guarantees that Cabotage Provisional Measure will not extend to other types of navigation

Last Monday, September 2, SINAVAL, an institution that represents Brazilian shipyards, participated in a meeting in Brasilia with the Minister of Infrastructure, Tarcísio Freitas, in which they discussed the general situation of the Brazilian Naval and Offshore Industry and about the BR do Mar Program, to be launched in October as a Provisional Measure.

At the meeting, some aspects of the future Provisional Measure of special interest to the Brazilian Naval and Offshore Industry were discussed, such as the need to limit the PM to Cabotage-only vessels. On the occasion, the minister assured that the PM will not be extended to other types of vessels other than Cabotage, such as Maritime Support, Port and River Navigation Support vessels, ferries and barges, as well as oil tankers.

Tarcísio Freitas also agreed with the idea of the creation of a Guarantee Fund to make the hiring of large ships to be built by large shipyards feasible and said that he would make such arrangements with the Ministry of Economy. Another issue raised by SINAVAL, which called for the Minister’s attention and assistance, was the extension of grace periods and repayments of financing granted by the Merchant Marine Fund for the construction or modernization of shipyards.

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