A valuable collaboration between Bank of Valletta and the Malta Maritime Forum plays an important role in bringing all the stakeholders together and keeping them abreast of developments in the sector while working hand-in-hand for the success of this most important sector for our islands. This fact is consistently highlighted in joint initiatives undertaken regularly by both parties, the latest of which was a seminar to discuss ‘Energy Efficiency in the Maritime Sector’ held on 21 July.
‘Banks supporting the shipping industry are increasingly turning to energy-efficiency data when making financing decisions, a step that heralds a significant market shift,’ said Kenneth Farrugia, Chief Business Development Officer at #BankofValletta addressing the Seminar. ‘Each vessel represents a multi-million-dollar investment and ship owners and operators rely on financing from Banks to ensure they can build, upgrade, and maintain them. This means that Banks can exert a strong influence on the development of the market in line with ESG guidelines.’
David Kerr, a Member in the Cabinet of the European Commissioner for Equality kept the members of the maritime community present abreast of the latest developments emerging from Brussels with respect to the Commission’s #Fitfor55 Package, the REPowerEU Plan and latest ongoing negotiations on the European and International front.
Mark Scicluna Bartoli, Product Management & Development Executive at #BOV delivered a presentation which highlighted BOV’s eco-friendly financing options and how these can be applied to the Maritime sector.
Mr Scicluna Bartoli is available to meet MMF members interested in gathering more information about financing options for their “green” projects. Enquiries may be made through the MMF CEO on [email protected]
