The Malta Ship Registry has broken into the top 20 white-listed MOU Registries for the first time, being placed 17th on the white list.
Each year a new White, Grey and Black list are published in the Paris MoU Annual Report. The “White, Grey and Black (WGB) list” presents the full spectrum, from quality flags to flags with a poor performance that are considered high or very high risk. It is based on the total number of inspections and detentions over a 3-year rolling period for flags with at least 30 inspections in the period.
Malta has registered a detention rate of less than 2%, and in the last seven years has nearly doubled the tonnage registered. In 2012, slightly more than 42 million tonnes were registered, which increased to 83 million tonnes by the end of 2019. There was also a 7% increase in the registration of superyachts, bringing the total number of yachts registered in Malta to over 800. This yachting industry generates more than 14% of the Maltese GDP and provides jobs for many Maltese residents.
In addition to it’s top 20 ranking on the Paris MOU whitelist the Maltese Ship Registry has also achieved good recognition in the Tokyo MOU (Asiatic ports) and America.