The Malta Flag continued to strengthen itself throughout 2014. Industry sources indicate that Malta’s registered gross tonnage increased during the course of 2014 to approximately 58 million.
The Malta Flag, whilst remaining the largest European Flag in terms of tonnage, has grown to become the sixth largest Flag in the world. Malta has maintained a good reputation in the maritime sector by promoting high standards both in terms of safety at sea and pollution prevention, whilst offering sterling service provided by the Maltese administration in this sector.
We augur that the Malta Flag continues to strengthen during 2015 while at the same time exploring new possibilities on how it could diversify its services to ship owners and managers.
Unpublished figures for commercial yacht registration during 2014 also indicate that Malta has now become one of the world leaders in this sector. Malta has throughout 2014 carried out an exercise to upgrade its Commercial Yacht Code and we can expect the next Code to be promulgated during the first half of 2015.
Meanwhile, insofar as Port State Control is concerned, the number of Malta Flagged vessels that have been detained by the Port State Control Authority has continued to decrease substantially during 2014, securing Malta’s place within the White list of the Paris MOU and building its reputation as a serious reputable Flag.