Shipping giant CMA CGM has now its entire fleet registered in the Maltese Maritime Registry. Considered as one of the pioneers in the maritime transport sector, CMA CGM will now be making up 11% of the Maltese register.
This was announced during a news conference by the Minister for Transport, Infrastructure and Capital Projects, Ian Borg wherein he explained the unprecedented growth our country is experiencing in the maritime sector.
Dr Borg also announced that a quarter of cruise liners currently under construction will also be flying the Maltese flag. Cruise liner company, MSC has already announced that its ships were registered in Malta.
The Minister went on to explain that the Maltese merchant Registry is the largest registry in Europe and the sixth largest registry in the world. Dr Borg reiterated that the Maltese flag is not one of convenience but a flag of quality, adding that currently there are more than 8,300 vessels and 780 luxury yachts bearing the Maltese flag.
Dr Borg continued that in the first half of 2019, Transport Malta has seen an increase of 7% in its merchant register, emphasising that this was the only registry in the world which has managed to gain in registered tonnage.
General registrar, Mr Ivan Sammut explained that this success is by virtue of the Maltese register’s excellent reputation. Mr Sammut said that when companies like CMA CGM with operating costs which amount to billions every year, carry the Maltese flag, this becomes a positive certificate for Maltese registry and Transport Malta.