Malta's Vision for the Superyacht Industry ... about marinas and yards
As a final contribution to the discussion about the Vision Document launched by the Maltese Government at the end of 2023 discussing the Superyacht Industry, I share herein some thoughts about the local infrastructure, the refit industry and local charter industry.
I have learnt alot about the local industry in the last months as we commenced the process of review over 1 year ago. The local refit industry is undoubtedly doing well with no less than 5 yards around the island. They cater for all sizes of superyachts and have the resources and experience needed. The local workforce and tradesmen are highly regarded but the numbers of skilled labourers are dropping, whilst too few local youths you are encouraged to take up these careers. Intervention is needed by the authorities, with the support of the local industry, to remedy this negative trend, encourage the youths towards a maritime career (both ashore and offshore), market these opportunities and build courses and apprenticeship schemes. The Government document does propose many valid initiatives. Funds are available and there is the goodwill of all the players so what is holding up the main players from undertaking a concerted action is not clear? There is need for said players to take the lead!
I am also aware and support the movement of the local network involved in the supply chain to set and introduce a quality charter in order to raise the bar on the services provided locally. A good quality service is key to build the reputation of Malta.
The local charter industry is in dire need of support. A revamp of the local commercial certification (CVC) is needed and indeed proposed in the Government paper, as is the need to organize tourist boats, moorings and charter areas. I understand berths are available, but better communication and planning by authorities is needed to avoid the situation we encountered this winter with the bridge in Birgu being closed for repairs.
An increased environmental awareness and care, perhaps via an incentive scheme, is expected and called for and all local players are need to step up the game, as any charterer expects the highest of standards when enjoying his holidays with friends and family.
I conclude by again recommending the organization of familiarization trips. I believe Malta has much to offer to the captains and crew doing winter works, or the charterers wanting to enjoy time off. Project managers, owner representatives, charter brokers all need to understand what is on offer in Malta if they are to recommend our rock to their clients. A proper understanding of the offer is key to unlock these opportunities. Again its the local industry that is called to action here, it should team up and organize joint initiatives as I am sure the spoils of such actions may be interesting for all to share and reap.
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