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The Malta Maritime Summit 2018 officially commences

Reference Number: PR182102, Press Release Issue Date: Oct 02, 2018

​Minister for Transport, Infrastructure and Capital Projects Ian Borg opened his speech by welcoming
everyone to the Malta Maritime Summit 2018 and auguring that this occasion would enable the
stakeholders to engage in fruitful and important discussions.
Minister Borg outlined that the year 2018 was an excellent year for Malta with twice the amount of
cruise liner passengers staying overnight. Malta’s shipping registry is also maintaining its top
positions, both in the EU and globally, with more than 9,000 ships with a combined gross tonnage of
77 million flying the Maltese flag being registered. The minister highlighted the fact that since
January 2013, the country has seen an increase of 97% in new registrations. He emphasised that all
this was possible as a result of a number of factors such as the fact that our country offers the
regulatory certainty, both through the European Commission-approved tonnage tax scheme, and the
highest regulatory standards, as well as throught to the contribution that both the workforce and
entrepreneurs make to this industry.

The minister told the representatives present for the summit that there is one common belief that they
all share – the fact that shipping is a backbone of international trade and the global economy. Figures
speak for themselves – the blue economy represents a gross value added of over €500 billion per year
whilst providing approximately 5.4 million jobs, and these figures continue to grow. Minister Borg
said that this is why all efforts must aim to ensure that this industry continues to keep and even raise

its quality standards, also ensuring a high level of safety and environmental protection.

Maritime Malta has continuously reaffirmed its support for the IMO in order to successfully build
maritime partnerships and ensure effective access to a well-functioning and reliable transport system.
Minister Borg noted that the commitment of our country to maritime development had been clearly
evident during the Malta’s Presidency of the European Council in the first half of 2017, when Malta
managed to bring together all stakeholers and eventually come to the adoption of the Valletta
declaration where the priorities for the EU’s maritime transport policy till 2020 were agreed upon.
The minister noted that the work started during the Presidency did not stop there, and that even now,
the government together with stakeholders and European peers, are working to achieve concrete
results on the strategy outlined in the Valletta declaration. A result of this was the adoption of the
revised Maritime Single Window directive that will further facilitate trade between member states. In
the area of environmental protection, huge progress has been made with the adoption of the Initial
IMO Strategy on reduction of GHG Emissions from ships, making the shipping industry the first

international transport industry with a concrete strategy on this issue.
Minister Borg reminded those present that the Maltese Government is highly committed to this industry and believes firmly in dialogue and discussions with all the stakeholders. “Only in this

manner can we ensure that this industry—which is contributing a lot to our country and also at an EU
level, with results reaching incredible numbers—can continue flourishing. I look forward to engage
in further discussions with the industry. We must now all take a step back, take a look at the wider
pespective, so that together we can reach higher and brighter horizons.”
The minister augured the best for the summit week whilst thanking the organiser, John Gauci Maestre,
for his work in setting up this event, and Transport Malta, for its support and work for the maritime
industry. The minister also thanked his counterparts, Shipping Deputy Minister of Cyprus Natasa
Pilides, and Alternate Minister of Maritime Affairs & Insular Policy of Greece Nektarios Santorinios
for their presence.