The Malta Ship Registry has experienced growth of 98 per cent over the last five years, Transport Minister Ian Borg wrote on Facebook. Minister Borg made the announcement online while attracting clients to the Malta Ship and Yacht Registry stand at the Monaco Yacht show.
“The Maltese flag flies prominently in Monaco too. This is another initiative taken by Transport Malta aimed at promoting the yachting industry.
“The Maltese registry increase by 98% in the last five years, so much so that we have 800 superyachts of over 24 metres registered. We are committed to continue consolidating this growth through our reputation, confidence and quality”.
According to figures, as of 2016 there were roughly 10,000 superyachts in the world, that is yachts over 24 metres in size.
Transport Malta’s annual report shows that in total, there are some 4,879 yachts registered in Malta by the end of 2018, representing a 4.2 per cent increase from the year before. Since 2017, there has been an increase of roughly 10 per cent in superyachts registering in Malta.
The largest superyacht sailing under the Maltese flag would be ‘Dream,’ belonging to a Greek billionaire.
In 2018, Maltese marinas were visited by 1,633 foreign yachts while the Msida and ta Xbiex Marina holds the title of biggest marina in Malta, with 720 berths.