China and Malta discuss strengthening shipping and maritime ties

China has expressed strong interest in deepening cooperation with Malta in the shipping and port logistics sectors, with the Chinese Commerce Ministry confirming the move following economic and trade discussions held in Beijing between Chinese and Maltese officials.

The development builds upon a historically strong bilateral relationship, first established in 1972, with cultural and trade partnerships remaining robust ever since. For Malta, the latest discussions represent yet another milestone in a relationship that has delivered meaningful economic benefits to the islands over the years.

Chinese investment in Malta is nothing new. China Merchants Port Holdings holds a significant stake in Malta Freeport, one of the Mediterranean's most important trans-shipment hubs, while Shanghai Electric has also invested heavily, taking a 33% stake in energy company Enemalta. These investments speak volumes about the confidence China places in Malta's economy and infrastructure.

The strengthening of shipping ties is likely connected to China's Belt and Road Initiative, the flagship effort launched by President Xi Jinping in 2013 to build trade connectivity across the globe through a network of transport corridors. Malta's position as an EU member state and a natural Mediterranean waypoint between Europe, Africa, and Asia makes it an ideal candidate for expanding the network.

The appetite for closer ties was further demonstrated late last year, when a delegation of Malta's top property and business magnates visited Shanghai as part of a state-organised trip. Justice Minister Jonathan Attard, who held a bilateral meeting with Vice Mayor Zhang Xiaohong of the Shanghai Municipal People's Government during the visit, said Malta was committed to building new bridges of cooperation that would benefit both countries.