Increase in ships registered under the Malta flag in 2015

Increase in ships registered under the Malta flag in 2015

Transport Malta has confirmed that as at end of the year 2015, the Maltese Shipping Register registered an increase of almost 8.3 million gross tonnage representing a growth rate of 14.3% over the previous year.  As at end of December 2015, the registered gross tonnage under the Merchant Shipping Act was 66.2 million gross tons. These statistics represent record figures for the Malta Flag and a significant achievement for the Malta Flag Administration, since over 900 ships for a total gross tonnage of over 12 million tons were registered during the year. These results continue to consolidate Malta’s position as the leading Ship Register in Europe and the 6th largest in the world.

These results continue to consolidate Malta’s position as the leading Ship Register in Europe and the 6th largest in the world

Malta has also continued to consolidate its positive results in terms of its technical performance, thus reinforcing the quality of its registered fleet and its firm commitment towards safe, secure and clean shipping. This is also a result of the drive by the Maltese shipping community to attract more young and innovative tonnage to the fleet. The average age of merchant ships registered under the Merchant Shipping Act during 2015, was of 6.7 years, thus decreasing the average age of all the registered merchant fleet to 12 years.

the Malta Register has also become a world leader in super yacht registration

Today, the Malta Register has also become a world leader in super yacht registration where Malta has also registered positive results. Despite the current financial situation worldwide, the Malta flag registered an increase of 10.8% over the previous year, in the registration of super yachts of over 24 metres in length. As of the end of December 2015, the super yacht fleet flying the Maltese flag worldwide was 501 yachts.

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