![Record of super yachts registered under Maltese flag reveals Minister](https://maltadaily.mt/wp-content/uploads/2022/07/yachtweb.jpg)
Malta has registered a substantial increase and a new record of 51% in the registration of super yachts under its flag. The vessels considered as super yachts are larger than 24 metres, with the new record placing Malta as a jurisdiction and one of the primary leaders in this sector with over 1,030 yachts registered.
Transport, Infrastructure and Capital Projects Minister Aaron Farrugia announced the news during the first Malta Superyacht Symposium, which is organised by the Malta Maritime Law Association and the Chamber of Commerce.
The Minister explained that the symposium is happening at the same time that the ministry, along with experts and stakeholders in the sector, begin the process to get Malta to achieve a national politics for the industry of yachting.
He highlighted how the beginning of the industry was a strong one, but the time has come to continue to grow it further. ‘We need to be a strong alternative’ said Farrugia, ‘based on our capacities, an improved infrastructure, a trained and competent workforce, an excellent level of service and strong reputations and relationships.
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Photo Source: Super Yacht Industry Malta