A new group of ‘federal’ pilots is set to slash rates considerably.

Increased competition is set to cut the high cost of pilotage in US waters — but only for a select group of shipowners who qualify.

A new group of “federal pilots” being formed in the US Gulf to compete with state-licensed pilots there could slash rates by as much as two-thirds for operators of coastwise and other US-flag vessels, as well as those owned or chartered by the US or foreign governments.

The