Today the Freeport Terminals are handling close to 3.0 million TEUs and is reaching riskily close to full capacity. Development of the
The following are the main items in the government's proposals for consultation for the development of the maritime sector. Aquaculture – The farming of finfish, shellfish and aquatic plants This industry has shown great growth potential in the past and further exploitation may be possible by improving access to space and water, development of technical knowledge to promote the competitive advantage in relation to the potential health and environmental standards and reducing administrative burdens.
Aquaculture has developed in
This sector is identified as one with potential growth that needs to be driven with environmental considerations.
Beaches remain a very important element for tourism in
These should also be coupled with the upgrading, protection and proper management of coastal areas across the country. Coastal tourism is different in definition from Marine tourism that covers tourism that is largely water-based rather than landbased (for example, boating, yachting, cruising, nautical sports), and includes the operation of landside facilities, manufacturing of equipment, and services necessary for this segment of tourism.
The quality of
However, funds are being made available for this sector to explore the sea biodiversity that would lead to the development of new pharmaceuticals or industrial enzymes that could withstand extreme conditions, and which consequently would have high economic value. In the long-term, it is expected that this sector will offer highly-skilled employment and significant downstream opportunities. Ocean energy This is another emerging sector focusing on renewables and carbon emission reductions. It includes both offshore wind and ocean energy.
This section contributes to the EU2020 Strategy offering both research funds for projects that may result in large investments and the creation of new high quality jobs. Development in
Besides these five blue growth sectors identified by the EU there are other sectors in the blue economy crucial for value, jobs and potential growth. Maritime transport Maritime transport deals with both cargo and passenger transport. Maritime transport has been a catalyst of economic development and prosperity throughout our history. It ensures the security of supply of energy, food and commodities and is the main vehicle for imports and exports. This is further accentuated by our
Transhipment of petroleum products is undoubtedly another economic activity deserving recognition and promotion. Petroleum product transhipment takes place at different berths in the port of Marsaxlokk. The jetties can handle vessels with a deadweight of 2,500 to approximately 100,000 tonnes.
The strategic position of
Undeniably, the bunkering business is another economic activity that has experienced remarkable growth and all indicators lead us to sustain that there is room for further growth. Bunkers operations are mostly affected onboard the vessel via a bunker barge, which is a relatively small ship supplying fuel or other types of oils to relatively bigger barges.
Local suppliers have over the years maintained business relationships with various European bunkering brokers operating in the Mediterranean and supply all sorts of vessels including cruise liners, tankers and so on. Bunkering operations take place both in port and outside port.
Over the years the Maltese authorities have established a number of designated bunkering zones to accommodate and create the conditions necessary for this business activity to flourish. It is imperative to note that bunkering procedures should ensure that the risks associated with the operations have been assessed and that necessary controls are in place to mitigate the risks associated with oil spills. An integrated maritime policy demands that preventive measures are adequately adopted to prevent polluting the environment. Maritime Financial Services Although essentially part of the
The strengthening of our maritime legal structures will also provide higher visibility internationally, leading to stronger jurisdiction and sector growth. Re-establishing the Maritime Court, as well as rising to international standards, the Malta Arbitration Centre, coupled with further consolidation of a flexible and sustainable maritime administration limiting red tape and administrative burdens on the industry, will attract major foreign ship management companies to establish base and conduct business. Ship building and repair
There are two classifications in the sector: shipbuilding and recreational craft. The latter are those vessels below 24m hulls. Shipbuilding (including ship repair and conversion) is intended for merchant/commercial purposes, but also military vessels. It also addresses products and services supplied for the building, conversion and maintenance of these ships.
The sector relating to recreational craft is addressed under Marine tourism.
Shipbuilding has seen a major decline in
E-Maritime is an EU initiative that aims to foster the use of advanced information technologies for working and doing business in the maritime transport sector. There is also an enterprising private segment that has managed to survive competition in the ship repair industry as well as a number of assets that may offer opportunities. Government has issued an expression of interest to exploit the Marsa Shipbuilding potential. Opportunities to shift to higher added value work, including LNG conversions of vessels, are starting to emerge with the EU funding a number of projects both in conversion as well as infrastructure. Fisheries
Compared to the overall economy, Fisheries accounts for a small figure, €8m, and provides 800 jobs. Yet fisheries have to be seen in a social dimension in particular areas, where the livelihood and well-being of a village depends on fishing. Much depends on efforts to increase the attractiveness for employment as well as retain fish stocks at sustainable levels. This is a major challenge since sustainability of Mediterranean fishing is compromised with the result that catches in the Mediterranean are considerably lower than those in the Atlantic. Introduction of fish management plans, with the participation of local fishing communities as well as extension of our fishing zones for improved controls over illegal, unreported and unregulated (IUU) fishing, will contribute towards sustainability. This can be done in line with the EC Reg. 2371/2002 on the Common Fisheries Policy and in the framework of the adoption of EU action plan for the Mediterranean. It also increases the need to improve our management in fisheries and study ways to add value to the fishing process. The new fish market in Marsa needs to be leveraged as an opportunity for further processing of fish brought to the market. Oil and Gas industry There is a need to increase efforts on oil and gas exploration. The promotion of acreage offshore
The collection and conversion of data from oil exploration activities into digital format and the subsequent development of a database of existing geophysical and geological data is a key element in monitoring and promotion of oil exploration. It is also important to increase value in vintage seismic data through reprocessing to facilitate evaluation of acreage by oil companies.
Related exploration and exploitation there is the servicing industry for Oil and Gas. The increase in activity across the Mediterranean has opened an opportunity where
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