Malta's Minister of Transport, Infrastructure and Capital Projects, Jan Borg, announced that they currently own the world's largest superyacht roster.
The Maltese Register of Shipping currently lists 850 vessels over 78.5 feet (24 m) in length, making it the largest superyacht register in the world.
This means that every thirteenth superyacht in the world is registered in Malta.
Some of the world's richest people increasingly choose to moor their luxury yachts off the islands.
Many famous people such as Bill Gates, Barack Obama, Beyoncé, Rihanna often go out and take pictures on superyachts flying the Maltese flag.
At the press conference, Minister of Transport, Infrastructure and Capital Projects Jan Borg praised the work of Maltese experts in the maritime transport sector in regulating it.
“The three most appropriate epithets for describing the Maltese Merchant Shipping Register, in my opinion, are reputation, quality and confidence. We are gathered here to announce our new achievements.
And we are committed to continuing to build on what has been achieved so far, ”said Jan Borg.
He also added that these results were achieved thanks to a constructive dialogue between stakeholders.
“Despite the devastating impact of the COVID-19 pandemic on the global economy, this year alone, the number of registered yachts has increased by 7%,” said Minister Borg.
During the same press conference, changes were announced to the Code of Commercial Accessibility for Luxury Yachts. These changes demonstrate the proactive and dynamic Maltese register.
With the updated Code, the Maltese Register is demonstrating the ability to attract a large number of yachts.
There is also a section in the Code on sustainability. It includes standards for large yachts in terms of their emissions, as well as the concept of “green” yachts.
As such, Malta sets high standards to encourage yachts to become more sustainable.
Everyone will be able to get advice on the new Code, which was given the name "Code of Passenger Yachts".
Recently, yachts of this type are becoming more and more.
In this regard, a constructive dialogue was held with manufacturers, during which new opportunities and ways of development were discussed in the light of the adoption of the new Code.
“Today we are pleased to announce the development of new directions in the yachting industry both locally and internationally.
We will continue to develop Malta as a center of excellence in maritime education for the yachting industry, ”said Minister Borg. "Special courses will be created that will open up new employment opportunities for Maltese youth."
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