Thursday the 8th of February is here and it's time for our newsletter. I spent 4 days in Malta last weekend. Malta is an island full of history, it is only 90 km from Sicily and 240 km from Libya. The strategic location in the Mediterranean also makes it a business hub. The economy in Malta is currently booming and lots of youngsters from Spain, Italy (in particular Sicily) have found work on the island. Malta is worth a visit, for both business and pleasure.
As a matter of fact, I lived on the island from 2003-2006 and still maintain a property there, it seems that a lot of Scandinavians, in particular, Swedish, live on the island. The e-gaming industry is big in Malta, so there are many call centers there providing customer service to the huge number of people who like to spend their money gambling online.
I wasn't aware of how large the e-gaming industry was in Malta, it's understandable given that there is only 1.5% tax levied in Malta (if I'm not mistaken).
I would defend Malta in this case because I believe that if a country (no matter how small) is not allowed to take matters into their own hands and attract business, what is the point of joining the EU club? Nobody wants the world to be run from Brussels, a place where survival of the un-fittest (bureaucrats) seem to be the order of the day.
Brexit occupies much of the conversation about Malta, mostly because it was an English colony until 1964 and the island still has a significant population of UK retirees, with many direct flights to/from the British Isles.
I even managed to get a few solid pints in while watching my favorite football team, Arsenal, playing on the telly.
World news of the week includes a sad story from Pakistan where a COSCO executive was shot to death and also an update on the piracy situation in West Africa. So sometimes it is dangerous out there and I hope you are all careful whenever and wherever you go.
Our interviews in today's issue include one of the major local freight forwarders of Malta and an interview with a shipowner that is the product of a Norwegian joint venture. We all know the Norwegians have oil and fish but perhaps it was less known that they are active in moving project cargo around the world too.
The newsletter also features shipping news, sector news, a video and photo of the week (from Malta of course) and wise words.
Wishing you a good read and until next time I remain...
Bo H. Drewsen