Malta Shipping Company
The registration of a vessel on the Maltese Register no longer necessitates the incorporation of a shipping company in Malta. Foreign corporates (referred to as an international owner or charterer) complying with requirements may also register a vessel in Malta. Shipping companies incorporated in terms of Merchant Shipping (Shipping Organisations – Private Companies) Regulations may however benefit from less stringent obligations imposed on other types of private companies, which must be incorporated under the Companies Act, 1995.
From 1st August 2004, shipping companies may elect to be incorporated under, and regulated by, the Merchant Shipping (Shipping Organisations – Private Companies) Regulations (MSR) instead of the Companies Act. Shareholders and directors need not be Maltese nationals.
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