The recent introduction of Malta’s new Commercial Yacht Code for 2020, drawn up by Transport Malta’s Merchant Shipping Directorate, automatically shines a spotlight on the burgeoning success of the Maltese Yachting Industry. This follows the last 2015 update of the Malta CYC which was first implemented in 2006 and is now a firm industry favorite contributing to a safer cleaner Malta commercial fleet.
Indeed, Malta’s unique and dependable yet dynamic ability to offer a diverse service of excellence and a first-rate base of operations has resulted in a 50% increase in its register of commercial superyachts over the last five years. This reputation has, in part, been built by maintaining a healthy dialogue with all stakeholders and has led to Malta amassing the largest register of superyachts worldwide. Even during the challenges presented by COVID during 2020 there has still been a welcome increase of 7% to the registry. There are currently 850 luxury vessels of over 24m in length flying the Maltese flag and expressing confidence in its yachting industry. This year the Merchant Shipping Directorate within Transport Malta embarked on a process of consultation, which included all stakeholders and launched an update and revision of the existing parameters of the CYC 2015 resulting in the new Commercial Yacht Code 2020. This new code will come into effect on the first of January 2021. Dependant on the size and type of vessel, the code’s new revisions address many aspects including crew welfare, safety, technology, and vessel structure and gives more emphasis to pollution prevention; aspects which are all pertinent to International Conventions, EU directives and industry, or equivalent, standards. The revised code also heavily reflects the continuous technological advancements of the yachting industry. An environmentally friendly, voluntary notation has also been included in the new code. The Green Yacht Notation considers the environment and how each yacht impacts upon it. This measure hopes to advance the drive to ensure all future aspects of yacht design, construction and operation have a more positive impact on environmental performance. Transport Malta has placed great emphasis on the phasing-in of new specifications and regulations. However, all yachts holding an existing CYC 2015 certificate should aim to satisfy the new CYC 2020 specifications prior to or no later than their first periodical survey and inspection executed after the 1st of June 2021.
A summary of the main points of the Malta Commercial Yacht Code 2020 can be accessed here.
whilst a full copy of the CYC 2020 can be accessed here.