Malta Introduces Incentives for Green Ship Registrations

By July 1, 2024 No Comments

In a bid to promote sustainability in the maritime sector, Malta has unveiled a series of incentives for shipowners who register environmentally friendly vessels. The new green ship initiative offers reduced registration fees and tax benefits for ships that demonstrate lower emissions and higher energy efficiency.

Transport Malta, the authority overseeing the initiative, will provide additional support for shipowners adopting green technologies, such as scrubbers, ballast water management systems, and alternative fuels. This program is part of Malta’s commitment to the European Green Deal and its goals to reduce maritime carbon footprints.

These incentives are expected to attract a new wave of eco-friendly vessels to the Maltese registry, reinforcing the country’s reputation as a forward-thinking maritime hub