Phil,
You are right.
I often wonder why so many Russian owned ships, even those with funnel markings that are basically the Russian Federation flag, are registered in Valletta. I suspect it has something to do with oligarchs keeping their money away from the government back home.
I took great delight in taking the BBC to task over inaccuracies and the occasional poor grammar. In particular, I told them that any story that they run concerning shipping is almost invariably inaccurate (tankers labelled as container ships etc). I am awaiting their reply!
Once upon a time, if the BBC said it, then it was pretty much guaranteed to be accurate. Not so these days.
Kelvin