Malta-Flagged Superyacht Sinks Off Greek Island

Aug 2 2024

A Malta-flagged superyacht, the 158ft motor yacht Ethos, began sinking off the coast of Kefalonia, a Greek island, due to a crew member’s oversight. The incident occurred when a side hatch was left open, allowing seawater to flood the vessel unnoticed. This luxurious yacht, which rents for £177,000 per week during peak season, features high-end amenities such as a hot tub, sauna, gym, and jet ski.

The yacht was seen dangerously tilting to starboard as it took on water. Fortunately, the skipper managed to navigate the Ethos to Evreti Bay on the eastern side of Kefalonia, where it ran aground and remains anchored. All ten people on board, including five crew members and five guests, were able to disembark safely.

Efforts are ongoing to pump out the seawater, with divers assessing the extent of the damage. The Ethos, built a decade ago, can accommodate up to 12 guests in its five spacious cabins, ranging from a master suite to VIP suites and staterooms.

Kefalonia, renowned as the setting of Louis de Bernieres’ novel “Captain Corelli’s Mandolin,” remains a popular destination.

Video Source: @topyacht

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Bin Catches Fire At Imsida Bus Stop

Aug 2 2024

Passers-by have been advised to proceed with caution after a thrash bin was set ablaze near the Kulleġġ Bus Stop in Imsida.

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Plumes of smoke emitted from the considerably large flames on the pavement at the much frequented bus stop.

The origin of the flame is so far unknown.

Video: @_nicolekyra

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New LoanUp Program Aims to Boost Homeownership in Malta

Aug 2 2024

The Foundation for Affordable Housing has published “Entryways to Homeownership,” a study by Dr. Dylan Cassar that underscores the pivotal role of family support in Malta’s housing market. This sociological analysis reveals how Maltese families adapt to rising property prices and changing market conditions to help younger generations achieve homeownership, reflecting similar trends in Southern Europe.

A key highlight of the study is Malta’s high homeownership rate, which stood at 82.6% in 2022, significantly surpassing the European average of 64.1% and the 75.5% rate of other Southern European countries. Additionally, the study notes a notable increase in the acquisition of property via gift or inheritance, which rose from 10% in the 2000s to 21% in the last decade. This shift underscores the growing importance of family support in navigating the housing market.

The report calls for broader discussions on housing affordability and highlights the Foundation’s LoanUp program, This initiative provides subsidized loan rates to potential homeowners, aiming to ease the financial burden of purchasing a property. By offering lower interest rates and more favourable loan terms, LoanUp helps bridge the gap for those struggling with rising property prices. For more information, visit affordablehousing.mt

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Local Fish Shop In Mosta Sells A 13kg Squid

Aug 2 2024

Adam’s Fish Shop in Mosta has just unveiled an impressive catch: a 13kg squid, ideal for various culinary uses such as grilling, frying, or making a hearty seafood stew. The shop has shared striking images on social media, showcasing the squid in its entirety and during the cleaning process.

Locally known as ‘calamari’ or the Maltese ‘klamari,’ squid is a popular ingredient in Maltese cuisine. It can be fried in a flour batter and served as appetizers or enjoyed as a main course when stuffed with a garlic mixture and paired with white wine.

For those eager to try this fresh catch, visit Adam’s Fish Shop in Mosta or place an order online at www.adams.mt. Don’t miss out on this unique opportunity to enjoy one of the freshest and largest squids available.

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