Malta aims to build on world-leading superyacht sector with Passenger Yacht Code

Malta is now home to more superyachts than anywhere else in the world and government officials are targeting further growth with the announcement of the Passenger Yacht Code.

Transport, Infrastructure and Capital Projects Minister Ian Borg said Malta’s register of 850 yachts of 24m or more made it a world leader. The increase is 7% since 2019 and 50% in the past five years, officials said.

In a press conference outlining Malta’s maritime advancements, Mr Borg said: “With quality, reputation and confidence, which I think are the three most suited adjectives to describe Malta’s merchant shipping register, we are here today to announce more positive results and achievements. 

“As a united government, we are committed to keep on building on what has been achieved by now. 

“During last year, the government kept on stressing his policy with regards to strengthening the Maltese register and bringing further quality operators to the services offered by Malta. 

“This could only be possible due to the proactivity of the Maltese register in a dynamic industry with a large number of international competitors.”

Passenger Yacht Code announced 

Officials also outlined measures to attract more yacht registrations to the mediterranean island namely the revised Passenger Yacht Code.

The revised Code includes standards for larger yachts and more environmentally friendly vessels. 

Borg said the code had been developed in dialogue with maritime industry leaders and would see young people in Malta have access to educational course to work in the superyacht sector.

He said: “We are pleased to announce that a number of courses have been developed for the yacht industry both locally and internationally. 

“In this way we will continue to make Malta a centre of excellence in terms of maritime training for such an important industry.”

Affinity Group is widely regarded throughout the industry as one of the leading Corporate Service Providers in the Yachting sector. With offices in Malta and the Isle of Man, we act as a link for owners and captains to ensure that both are guided and supported through the many requirements, regulations and legislation associated with owning a private or commercial charter yacht. Contact us: info@affinityco.com