Tag: Malta

Yacht Charter Season Support: Asteria’s Role Behind the Scenes

The Start of the Yacht Charter Season

Summer has arrived—and with it, the Mediterranean yacht charter season is in full swing. Ports are filling, crews are mobilised, and charters are underway. It’s a vibrant time, but also a demanding one. Asteria provides yacht charter season support to guide owners and operators through this busy time.

While guests enjoy turquoise bays and fine service, support teams work tirelessly in the background. Every successful summer on the water depends on expert planning and precise execution.

Why Behind-the-Scenes Support Matters

This is where yacht charter season support becomes essential.

Yacht managers and owners face tight schedules and increasing regulatory demands. Flag registration, crewing compliance, and documentation must be handled without delay. The smallest oversight can ripple into larger operational issues.

Having a reliable support team makes all the difference.

Asteria’s Role in Keeping Yachts Operational

At Asteria Advisory, we help our clients stay prepared. We offer:

  • Yacht and ship registration
  • Flag advice and administration
  • Corporate structuring for ownership
  • Crewing and compliance coordination
  • Documentation management for charters and operations

We understand how the marine environment works—because we’ve lived it, structured it, and supported it for years.

Our goal? To give owners, managers, and family offices peace of mind during their busiest season.

Building Bridges for a Successful Season

Our tagline, Building Bridges, reflects how we connect clients with the right solutions—across borders, time zones, and jurisdictions. Whether you’re preparing a vessel for charter or ensuring flag compliance mid-season, we’re here to help.

We work behind the scenes to support you during the yacht charter season so that your operations remain calm, clear, and compliant.

Wishing You a Smooth Season

To all our clients, collaborators, and colleagues in the maritime sector—we wish you a safe and successful summer. We have more updates coming – follow our Facebook and LinkedIn pages.

Let’s make this yacht charter season one to remember.

Asteria Advisory | Building Bridges
#YachtCharterSeasonSupport #SuperyachtLaw #YachtRegistration #FlagSupport #MaritimeAdvisory #AsteriaAdvisory

Yachting Update: Commercial Yacht Code

Transport Malta has issued a new Commercial Yacht Code, applicable as of the 01 July 2025. This comes after months consultation and effort to bring together an updated standard for the industry.

🛥️ Scope & Applicability

  • Applies to all commercial yachts over 24 m in length, with any gross tonnage, replacing CYC 2020.
  • Small Commercial Yacht Code (sCYC) remains in effect for yachts under 24 m.

🔍 Key Updates & Enhancements

1. Regulatory Alignment & Streamlining

  • Reflects international safety standards, updated technologies, and industry practices.
  • Aims to streamline the regulatory framework, making compliance more operationally effective.

2. Enhanced Safety Measures

  • Greater emphasis on safety systems, including improvements in navigation, firefighting, and structural integrity (though specific clauses are in the full Code).

3. Environmental & Operational Efficiency

  • Introduces stricter provisions on pollution prevention, waste handling, and fuel safety for onboard aviation refuelling, reflecting modern environmental best practices.

4. Technological Advancements

  • Broadened acceptance and specific requirements for battery-powered and hybrid vessels, with mandatory classification throughout certification.
  • Updated provisions for helidecks, including CCTV coverage and fuel handling protocols.

5. Surveying & Certification Regime

  • Maintains existing structure: initial, intermediate, and annual surveys for vessels ≥ 24 m, renewing every five years.
  • Potential allowance for alternative compliance agreements, enhancing flexibility.

6. Crew & Operational Management

  • While details are in the Code, improved clarity is suggested for manning, training, and crew welfare.

🧭 Why This Matters

  • Regulatory consistency: Harmonises Malta’s code with global standards and advances in marine design.
  • Ongoing compliance: Existing vessels are given a clear update pathway, minimizing disruptions.
  • Environmental leadership: Demonstrates Malta’s dedication to marine ecology through enhanced pollution controls.
  • Tech readiness: Encourages adoption of eco-friendly propulsion and modern safety systems.

✅ What You Should Do:

  1. Familiarize yourself with the full CYC 2025 document, especially chapters relevant to safety, environment, and systems integration.
  2. Schedule your vessel’s first renewal survey after 31 Dec 2025 to ensure compliance.
  3. Discuss with your surveyor/RO about updated battery and helideck requirements, classification needs, and operational policies.
  4. Follow this page, or our profile on LinkedIn, or see what Geraldine is up to in the yachting world.

Asteria is attending 7th CAMS

Asteria is attending 7th CAMS Conference, being held in Malta and organised by Aeropodium.

CAMOs operate at the intersection of operational responsibility and legal accountability. While their goal is technical—ensuring ongoing airworthiness—their playing field is deeply shaped by an ever-evolving regulatory framework.

Dr Geraldine Spiteri is moderating the conference, which will deal with data issues, rethinking CAMO operations, director responsibilities and much more. She will be presenting on key challenges facing CAMO, focussing on regulatory challenges.

Watch this space for an update on the information shared during the conference.

Blockchain Technology and Business Logistics: A 2021 Insight into Efficiency, Security, and Growth

Originally published in 2021
The applications of blockchain technology in logistics and business operations were just emerging in 2021. Here’s how it started — and why it’s still relevant today.

How is blockchain technology making businesses more efficient, competitive, and secure? In this article, we explore how it transforms inventory tracking, payment processing, and the global supply chain — the backbone of modern commerce.

Blockchain in your business
Blockchain technology is fast becoming a driver in business operations

Adapting to Evolve

To survive and thrive, companies must adapt to evolving market demands and adopt innovative technologies. Blockchain is one such solution — offering the potential to streamline processes, enhance transparency, and solve persistent issues in logistics, administration, and security.

What is Blockchain Technology?

Often referred to as a “disruptive force,” blockchain technology is a decentralized, distributed digital ledger powered by cryptography. Operated by a global peer-to-peer network, it enables data to be recorded in secure, immutable blocks connected in a chronological chain.

This structure means that tampering with one block would require altering the entire chain — a near-impossible feat — thereby making blockchain one of the most secure and trustworthy data technologies available.

Why Blockchain Matters in Business Logistics

Today’s supply chains span multiple jurisdictions, involving a complex web of vendors, transport hubs, and financial transactions. Blockchain can help modernize this ecosystem by:

  • Improving traceability and transparency
  • Reducing fraud and administrative errors
  • Speeding up transactions and reducing costs
  • Creating trust in multi-party systems

Let’s explore how it works in real-world business logistics.

1. Settling Payments

Companies often experience long delays — averaging 42 days — to receive invoice payments. Paper-based documentation and human error further inflate administrative costs.

Blockchain-powered platforms enable businesses to settle payments through Smart Contracts, which self-execute once pre-defined conditions are met. These digital agreements eliminate the need for intermediaries, reduce delays, and cut down administrative overheads.

2. Inventory Tracking

Inventory management is critical to a company’s efficiency and profitability. Blockchain enables granular visibility over supply chains — allowing businesses to track individual items from origin to destination with improved precision and minimal error.

In the event of a product defect or recall, affected batches can be swiftly identified without disrupting the entire inventory.

3. Security

In a digital-first world, security threats like ransomware, theft, and fraud are real concerns. Blockchain offers superior security through:

  • Decentralized data storage
  • Advanced encryption
  • Smart contract automation

These tools help businesses protect sensitive data and reduce exposure to third-party risk.

4. Reliability & Transparency

One of the most valuable aspects of blockchain is that it reduces reliance on intermediaries. With immutable ledgers and transparent transactions, disputes can be resolved without external audits, and trust is built between stakeholders.

Blockchain is increasingly important in logistics

Is Blockchain Right for Every Business?

While blockchain offers significant benefits, its adoption comes with challenges:

  • Complex integration with legacy systems
  • Risk of data loss if encryption keys are misplaced
  • Inflexibility due to immutable records

Still, for companies seeking long-term gains in efficiency, security, and transparency, blockchain is proving to be a worthwhile investment.

Looking Ahead

From inventory tracking and payment automation to reducing friction in the global supply chain, blockchain continues to redefine how businesses operate. As adoption grows, companies that implement blockchain solutions are likely to enjoy a competitive edge in terms of speed, reliability, and trust.

This article was written after I had attended a conference of the European Maritime Lawyers’ Organisation.

Contact us if you have queries regarding setting up your business. We can also help you to access the right networks to work with blockchain technology.

Industry Insight: Redomiciliation of Companies to Malta – A Seamless Transition with Asteria Advisory

Asteria offers a broad range of services for businesses, be it re-domiciliation or management services. This helps to ensure that Malta continues to attract international companies seeking a stable, business-friendly jurisdiction within the EU. Whether you’re relocating for strategic, regulatory, or operational reasons, the redomiciliation of companies to Malta offers a practical solution without the disruption of winding down and starting anew.

What Is Redomiciliation?

Redomiciliation is the process by which a company changes its jurisdiction of incorporation while maintaining its legal identity. In Malta, this is governed by the Continuation of Companies Regulations, which allow foreign-registered entities to continue operating locally without dissolving and re-incorporating.

This process ensures that companies can retain their existing structure, assets, and contractual obligations—minimising business disruption while benefiting from Malta’s competitive corporate framework and robust legal system.

Why Choose Malta for Corporate Redomiciliation?

Malta offers an attractive proposition for businesses across multiple sectors. Its EU membership, strategic location, strong financial and regulatory infrastructure, and competitive tax environment make it a prime choice for redomiciliation.

Whether you’re a commercial enterprise, holding company, or consultancy firm, relocating to Malta can offer significant long-term advantages.

Asteria Advisory: Your Partner for Seamless Relocation

At Asteria Advisory, we provide expert legal services and consultancy to companies seeking redomiciliation to Malta. Our legal advice is tailored to each client’s business needs, ensuring full compliance with regulatory requirements and a smooth transition throughout the process.

Working in close collaboration with a trusted network of professionals, we support our clients from the initial planning stage to final registration—handling all documentation, communication with the relevant authorities, and post-registration formalities.

Our Services Include:

  • Legal advice on eligibility and suitability for redomiciliation
  • Preparation and review of statutory documentation
  • Liaison with regulatory authorities
  • Company registration and compliance support
  • Ongoing corporate and commercial legal consultancy

Ready to Redomicile? Let’s Talk.

If your company is considering a move to Malta, Asteria Advisory can help make the process efficient, compliant, and hassle-free.

📩 Contact Asteria Advisory today to learn more about our redomiciliation services and how we can support your corporate journey in Malta.