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Malta accedes to Hong Kong Convention

As IMO informed, Malta became the latest country to accede to IMO's treaty for safe and environmentally-sound ship recycling, namely the Hong Kong Convention. H.E. Victor Camilleri, Permanent Representative of Malta to IMO deposited the instrument of accession. Twelve contracting States party to the Convention now represent more than 28.8% of world merchant shipping tonnage.

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Malta: Annual return of shipping firms benefitting from tonnage tax scheme

Transport Malta published a circular drawing the attention of all concerned to the reporting obligations contained in the Merchant Shipping (Taxation and Other Matters Relating to Shipping Organisations) Regulations. Shipping organizations falling within the scope of regulation 4(4) of these Regulations and approved as such, must submit an annual declaration to the Commissioner for Revenue.

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Court in Malta decides that ship’s mortgage overrides foreign auction

A ship was arrested in Malta after a creditor obtained a Maltese court order claiming a judicial sale by auction of the ship in Jamaica was ignored. Jebmed SRL were first ranking creditors of the 22,988-tonne bulk carrier Bright Star, which at the time was called Trading Fabrizia, by virtue of a mortgage registered in Malta, where the ship was registered, in 2017. As the vessel went into financial distress while in Haiti and Jamaica, it was arrested by many creditors, such as Jebmed.

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