Celebrating World Maritime Day, the Malta Maritime Forum (MMF) gathered maritime leaders from the public and private sector to address the pressing challenges facing Malta's maritime industry in the light of a 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. This decision that was welcomed by MMF Chairman Godwin Xerri, who highlighted how the MMF had long advocated for such a development.

Given the growing significance of the maritime industry to the Maltese economy, various stakeholders have called for enhanced focus and allocation of resources to this sector. They also emphasised the necessity of establishing a maritime authority and court, viewing these initiatives as essential for strengthening Malta's position in the industry in the years to come.

Dr 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 reiterated the necessity for the industry's continuous evolution. "To thrive, 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 continued.

The event was further addressed by Ministry for Transport, Infrastucture and Public Works Permanent Secretary Godwin Mifsud, former International Maritime Organisation Deputy Director Jonathan Pace and Perit Karmenu Vella, former European Commissioner.

Mr 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 prominent maritime industry leaders moderated by MMF CEO Kevin J. Borg dissected the various challenges facing the industry, as it prepares itself for the years ahead.

Industry stakeholders emphasised the challenges of identifying and retaining talent, the importance of timely knowledge regarding forthcoming EU developments for better preparedness, and the need for support given the significant financial and infrastructural investments required to prepare the industry for the green transition.

Additionally, the panel reiterated the necessity for a competitive legislative framework, supported by a focused and specialised regulator equipped with suitably qualified and well-remunerated executives capable of making timely decisions in this complex maritime environment.