Company Objectives

The Company seeks prospective customers to berth their vessels within its facilities at Grand Harbour Marina, Vittoriosa, Malta, and aims to service existing customers by providing the high quality service required and expected by both yacht owners and crews.

In addition the Company aims to provide all relative services, ancillary to marina related activities including, but not limited to, the berthing, mooring and anchoring of craft, the brokerage of new and used crafts, the operation of sea schools or similar training facilities, the storage of yacht and other crafts, including related marine equipment ashore, the operation of a capitainerie and yacht club, the raising, slipping and launching of craft, the sale of fuels and lubricants, and the holding of yachting, boating and shipping exhibitions and events, and the repair, refit and servicing of craft and equipment.

A key objective of the Company is to increase revenues from activities carried out for customers.  Customers of Grand Harbour Marina include Maltese citizens and residents with yachts, foreign yacht owners with an annual berth or visiting, and foreign superyachts. 

Revenues derive from three principal areas:

• the rental of berths for periods of one day to one year;
• the sale of long-term superyacht berth licences (typically for periods of 25 years) where payment is made at the commencement of the agreement with an additional annual service charge;
• the sale of utilities including electricity and water

Additionally revenue may be generated from ancillary services such as parking, storage, concierge services, the sale of fuel and other service provisions.

The principal costs of the marina include but are not limited to:

• Salaries for berthing masters, security, accounting and other staff;
• Rental payments under the sub emphyteutical deed and insurance;
• Promotion;
• Sales and marketing;
• Fees for external management and branding;
• Repairs and maintenance;
• Depreciation;
• Finance costs.

Other current activities

The Company presently has a short-term management agreement with the Malta Maritime Authority in relation to a temporary marina offering of about 50 unserviced berths located in the area of Dock No 1 in Dockyard Creek.