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" Serving the world...

...from Malta "

Weather in Malta

17.3°C overcast clouds

overcast clouds

Time Zones:

New York

Malta

Shanghai

" Serving the world...

...from Malta "

Malta's Ship Registry Continues Growing

20 / 01 / 14

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The Malta maritime flag continues to be regarded as a strong and safe maritime jurisdiction with its efforts clearly reaping rewards. The Malta flag, it has been confirmed, continues to be the largest maritime flag in Europe and the seventh largest maritime flag in the world.  The constant growth of the Malta maritime flag speaks volumes. Mr James Piscopo, Chairman and CEO of Transport Malta interviewed by Times of Malta, said that 2013 was a record year for the Malta Ship Register which climbed to the summit within Europe becoming the European leader in the maritime sector. Malta’s Ship registry grew by 13.6% with respect to the merchant fleet while a growth of 18% was also seen in yacht registrations during the same year meaning that to date some 398 super-yachts (over 24 metres) are flying the Malta flag worldwide. The Malta Maritime Registry now boasts of a total 51.8 million gross tonnes.

During 2013 the Malta flag ranked among the very top performers as confirmed by the Annual Shipping Industry Flag State Performance 2013/2014 launched by the International Chamber of Shipping (ICS). Classified once again on the white list of the Paris MOU, the Malta maritime flag is still one of the best performers to select. The Malta flag also received positive results with respect to Port State Control performance which guarantees the effective enforcement of international rules is in line with Transport Malta’s policy that “safe, clean and secure shipping will strengthen further more Malta Flag’s status as a leading ship registry”.  

Transport Malta and private sector service providers, forming the Maltese maritime cluster, work tirelessly and most importantly hand-in-hand.  It is important to note that the Maltese maritime industry continues to thrive because it is viewed and acted upon holistically and is viewed as a flag that offers stakeholders a sound legal and fiscal regime.

Mr Piscopo concluded that “These record results provide the necessary drive to continue investing in the Maritime sector and consolidating Maritime Malta as an international centre of maritime excellence in the Mediterranean”.

Malta's Ship Registry Continues Growing

20 / 01 / 14

Share Article on 

 

 

The Malta maritime flag continues to be regarded as a strong and safe maritime jurisdiction with its efforts clearly reaping rewards. The Malta flag, it has been confirmed, continues to be the largest maritime flag in Europe and the seventh largest maritime flag in the world.  The constant growth of the Malta maritime flag speaks volumes. Mr James Piscopo, Chairman and CEO of Transport Malta interviewed by Times of Malta, said that 2013 was a record year for the Malta Ship Register which climbed to the summit within Europe becoming the European leader in the maritime sector. Malta’s Ship registry grew by 13.6% with respect to the merchant fleet while a growth of 18% was also seen in yacht registrations during the same year meaning that to date some 398 super-yachts (over 24 metres) are flying the Malta flag worldwide. The Malta Maritime Registry now boasts of a total 51.8 million gross tonnes.

During 2013 the Malta flag ranked among the very top performers as confirmed by the Annual Shipping Industry Flag State Performance 2013/2014 launched by the International Chamber of Shipping (ICS). Classified once again on the white list of the Paris MOU, the Malta maritime flag is still one of the best performers to select. The Malta flag also received positive results with respect to Port State Control performance which guarantees the effective enforcement of international rules is in line with Transport Malta’s policy that “safe, clean and secure shipping will strengthen further more Malta Flag’s status as a leading ship registry”.  

Transport Malta and private sector service providers, forming the Maltese maritime cluster, work tirelessly and most importantly hand-in-hand.  It is important to note that the Maltese maritime industry continues to thrive because it is viewed and acted upon holistically and is viewed as a flag that offers stakeholders a sound legal and fiscal regime.

Mr Piscopo concluded that “These record results provide the necessary drive to continue investing in the Maritime sector and consolidating Maritime Malta as an international centre of maritime excellence in the Mediterranean”.