Maritime industry leaders welcome step towards national strategy and outline strategic priorities

Stronger investment in infrastructure, in supporting industry to embrace sustainable practices as well as in securing the associated skills, in the promotion of Maltese industry and the need for a leaner regulatory framework which enhances Malta’s competitiveness emerged as they key elements required to take the maritime sector forward, as industry stakeholders shared their vision for the years ahead.

Celebrating World Maritime Day, the Malta Maritime Forum gathered maritime leaders from the public and private sector to address the pressing challenges facing Malta’s maritime industry in the light of an unprecedented wave of change. Setting the tone for the event, Transport Minister Chris Bonett announced the initiation of a consultation process leading towards a National Maritime Transport Policy, a decision that was welcomed by MMF Chairman Godwin Xerri, who highlighted how the MMF had long advocated for such a development.

Given the increasing contribution of the maritime industry to the Maltese economy, many of the stakeholders present called again for better focus and dedication of resources towards this sector, particularly through a dedicated Ministry as is the case in other maritime countries, a dedicated maritime authority as well as a maritime court, elements described as key necessities to strengthen Malta’s offering in the industry for the years ahead.

Minister Bonett said that the strategy aims to align maritime policies with the specific needs of the industry while adapting to global trends and international regulations. He reaffirmed the government’s commitment to transitioning Malta’s maritime sector toward a greener future, while addressing the challenges posed by new EU regulations. “We will address both environmental and economic aspects while exploring automation and digitalisation”, he added.

Mr Xerri emphasised the need for a collective effort to propel the Malta’s maritime industry forward. Acknowledging the nation’s success in establishing itself as a reputable jurisdiction in the maritime sphere, he stressed the necessity for continuous evolution. “To continue thriving, we must embrace new technologies, step out of our comfort zones, and break through barriers, just as a ship continues on course through rough seas,” he explained.

The event was further addressed by MTIP Permanent Secretary Godwin Mifsud, former IMO Deputy Director Jonathan Pace and Perit Karmenu Vella, former European Commissioner. Perit Vella, who has been tasked to coordinate the drafting of the maritime strategy, highlighted the need to have the public and private sector work hand-in-hand in policy development. Sharing his views on the matter, he appealed for stakeholders to prioritise safety in all its forms, including the well-being of employees and those who rely on maritime services, but also the safety and protection of our seas and the natural environment. “This is essential for long-term sustainability of our industry and to safeguard our heritage for future generations”, he added.

A panel featuring major maritime industry leaders moderated by MMF CEO Kevin J Borg dissected the various challenges facing industry, as it prepares itself for the years ahead. Industry stakeholders highlighted the difficulty of identifying and retaining talent, the necessity for timely knowledge of upcoming developments at the EU level for better preparedness, and the need for support in consideration of the significant financial and infrastructural investment requirement to prepare the industry for the green transition. They also re-iterated the need for a competitive legislative framework supported by a focused and specialised dedicated regulator armed with executives who are adequately qualified and paid to take timely decisions in this complex maritime environment.