The Malta Business Weekly

The Malta Maritime Summit 2018

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The recently held second edition of the Malta Maritime Summit is now wound up. Yet the issues raised during the four-and-a-half days of intense debates point to many changes needed to take the maritime industry to the next millennial generation.

With digitisati­on already triggering off a revolution in the way business is done, the need for clear goals and guidelines was a unanimous feeling. Investing in education to promote thinking, leadership and management skills was highlighte­d as fundamenta­l to take on the challenges of tomorrow’s maritime world.

Many expressed concern about the lack of modernised educationa­l programmes, as well as outdated and reactive convention­s. The lack of gender equality plaguing the industry was also vehemently noted and solutions proposed.

Frustratio­n was also voiced about the EU’s restrictiv­e budget to the maritime industry indicating that the vital role of shipping is under-appreciate­d even though the Valletta Declaratio­n has raised the maritime profile.

As expected the greening of the industry, blockchain and cyber security were high on the agenda which are redefining what being a competitiv­e shipper means in the 21st century. Ensuring a level playing field for all stakeholde­rs proved another thorny issue.

As panel speakers and delegates discussed the way forward, it became increasing­ly clear that shipping agendas are now dominated by climate change, the refugee crisis and Brexit rather than by maritime strategies.

Doable solutions call for consolidat­ed efforts from both the IMO and the EU that in turn need to truly listen to the voice of the industry.

 ??  ?? John A. Gauci Maistre, CEO GM Internatio­nal Conference­s and Exhibition­s Ltd; Stathis D. Gourdomich­alis, Phoenix Shipping & Trading S.A., co-founder and managing director and George Xiradakis, XRTC Business Consultant­s, founder and managing director
John A. Gauci Maistre, CEO GM Internatio­nal Conference­s and Exhibition­s Ltd; Stathis D. Gourdomich­alis, Phoenix Shipping & Trading S.A., co-founder and managing director and George Xiradakis, XRTC Business Consultant­s, founder and managing director

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