The EU maritime industry can finally breathe a sigh of relief and savour a much needed victory for common sense.

Early on in the year the figures showed that the hard work of both Transport Malta and the private sector service providers paid off; the Malta maritime register climbed to the summit within Europe, becoming the largest ship register out of the 27.

According to the 25th GSCC statistical data provided by Lloyd's Register - Fairplay, Greek tonnage of ships over 1,000 GT continues to grow.

The Malta Ship Registry's policy has long been "quality shipping and ensuring that ships with a poor detention or safety and marine pollution record do not operate under the Malta flag".

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A pleasure yacht can be registered under the Malta flag provided that it is wholly owned by either citizens of Malta or European citizens or bodies corporate established under the subjects of the Laws of Malta or Foreign corporate bodies or entities, in accordance with Merchant Shipping Act and the relevant subsidiary legislation.