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Papilio Services Limited has been operating in Malta since 2012 and is able to offer a range of services within the spheres of corporate, tax, compliance and residency services in Malta. We are a trusted partner to international clients from all over the world looking to establish residency or business in Malta.

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As a leading corporate service provider, we develop and maintain business relationships with our clients by offering essential business support and corporate solutions and specialising in corporate, tax, residency and compliance.

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Malta Excels As A Global Top-Performing Maritime Flag State

Malta Excels as a Global Top-Performing Maritime Flag State

Malta has once again solidified its reputation as a high-quality maritime flag state in the latest International Chamber of Shipping (ICS) 2025–2026 Flag State Performance Table, a benchmark widely used by shipowners, financiers, insurers and industry stakeholders to assess the effectiveness and credibility of national maritime administrations.

What the Flag State Performance Table Measures

The ICS Flag State Performance Table evaluates maritime administrations using 19 objective criteria, including:

  • Port State Control (PSC) records.
  • Ratification and implementation of key international conventions, such as SOLAS (Safety of Life at Sea), MARPOL (marine pollution), STCW (seafarer training), and the Maritime Labour Convention (MLC).
  • Regulatory compliance and oversight effectiveness.
  • Environmental protection standards.
  • Seafarer welfare reporting obligations.
  • Participation in major international audit and reporting schemes.

This comprehensive approach makes the table an essential tool for maritime decision-makers evaluating flag states for operational reliability and commercial advantage.

Malta’s Strong Performance Across Key Indicators

In the 2025-2026 assessment, Malta demonstrated strong performance across all principal categories used by the ICS, including:

  • Consistent inclusion on both the Paris and Tokyo PSC White Lists, indicating low detention rates and high compliance with international safety standards.
  • Full ratification and implementation of all core maritime conventions required under international frameworks.
  • Qualification under the U.S. Coast Guard’s safety programmes, reinforcing the flag’s safety profile.
  • A low average fleet age compared to many other flags, which benefits operational standards.
  • Full compliance with recognised organisation supervision and reporting obligations.
  • Regular participation in International Maritime Organisation (IMO) committee meetings and audit schemes.

These indicators not only demonstrate regulatory strength but also enhance the commercial credibility of the flag for shipowners and operators worldwide.

Strategic Importance for Global Shipping

While the ICS table does not assign a numerical ranking, a concentration of positive performance indicators places Malta among the world’s top-performing flag states. Flag states with strong performance records are generally associated with:

  • Lower port state control inspection and detention risks.
  • Better financing and insurance conditions.
  • Improved chartering prospects.
  • Greater operational confidence for international stakeholders.

This makes them a preferred choice for long-term fleet strategy and risk management.

Broader Maritime Context

Objective data released by the ICS shows that countries with high performance indicators, including Malta, represent a significant share of the global merchant fleet, reflecting sustained commitment to safety, environmental stewardship, and seafarer welfare. The continued strong showing in the Flag State Performance Table reinforces Malta’s standing not just as a large registry by fleet size but as an administration aligned with international regulatory expectations and best-practice governance.

Registering Your Yacht Under the Maltese Flag: A Strategic Choice

Our Yachting and Shipping Services provide comprehensive assistance with yacht registration, advising on ownership structures based on the owner’s needs and considerations. Whether for private use or commercial activities, we can help with the importation of yachts into the EU, including customs formalities and VAT planning.

If you would like to discuss yacht importation, setting up a yacht ownership structure, or any other yachting and shipping services, please contact us to schedule a consultation.

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International Service Provider specialised in Corporate, Tax Compliance & Residence Solutions – Where Expertise Matters