Malta is being hailed as the ‘new superyacht capital of Europe’, following the ‘Opportunities in Superyachts’ conference in Valletta.
According to reports from Bay.com, over 600 superyachts are now registered under the Maltese flag, and owners are continuing to flock to the country, with many owners based in and around the Grand Harbour and Vittoriosa Waterfront.
Joe Mizzi, Maltese transport minister, was there to open the conference and said, “Our vision is to develop the island as a leading maritime and yachting hub in the Mediterranean.
“During the last year the Malta flag registered a record increase of over 14 percent in the registration of superyachts over 24 metres, making the Malta flag the jurisdiction of choice and one of the leaders in this sector.
“The Maltese ship register has grown not only in numbers but also in repute, and today we are increasingly adding high-class yachts to the fleet. With the most appealing setting and a comprehensive range of facilities, Malta offers a vast range of services and marinas.”
Mizzi concluded, “This all creates the right environment for the island to become a resourceful service centre for every aspect of the superyachts service industry.”