New resolution brings advances and changes to the naval sector

A new resolution from the National Monetary Council (CMN) introduces significant advancements for the naval sector, aiming to promote regulatory improvements and strengthen the industry. Resolution 5,189 was published in the Official Gazette of the Union and regulates the application of resources from the Merchant Marine Fund (FMM).

Among the key changes are the removal of the minimum interest rate requirement for financing terms and an extended amortization period for repair and docking projects.

Additionally, the resolution broadens the scope of financing by including platforms, platform modules, and dismantling projects. This aims to streamline processes and provide competitive advantages for both national shipyards and the entire naval sector.

The resolution approved by the CMN is the result of a joint effort by the Ministry of Ports and Airports (MPor) and the Ministry of Development, Industry, Trade, and Services. These ministries coordinated a working group composed of representatives from public and private entities.

For Fernando Pimentel, General Coordinator of Promotion at MPor, the new resolution caps off an excellent year for the naval industry, “which is showing clear signs of recovery, as evidenced by over R\$ 5 billion in contracts signed this year. By improving access to the Merchant Marine Fund and enhancing its attractiveness, we already have reports of projects that were waiting for the resolution’s approval to move forward, which should lead to another record-breaking year of contracts for the sector”, he said.

The Federal Government states that the new resolution reflects efforts to reduce logistical costs in Brazil, strengthen the naval sector's production chain, and promote the decarbonization of national transportation.

The fund can finance up to 90% of the value of proposed projects, with financing conditions varying based on the percentage of national content and the type of vessel.