openPR Logo
Press release

PALAU FLEET GROWS AS OWNERS LOOK FOR SMART SOLUTIONS

10-02-2017 11:15 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Image Line Communcations

PISR now one of the fastest growing and most efficient ship registries

The Palau International Ship Registry has recently seen a strong increase in its fleet size as more shipowners and operators look to become a part of the new breed of smart registries. As the Palau flag starts appearing on more vessels the appeal of a registry based on technology and detailed attention to service becomes more important to world shipping.

At the end of September 2017 the Palau flag fleet stands at 380 ships with 3,000,000 gross tonnage. The main Palau fleet now comprises 27% general cargo and 20% tankers, with the rest vessels accounting for 53% of its total ships covering all vessel types and across a wide range of countries. There have been increases in the number of barges, tugs and bulk carriers looking to fly the Palau flag and more recently, a growing number of yacht owners talking to the registry looking to join the fleet.

Panos Kirnidis, CEO of Palau International Ship Registry believes the flag has become increasingly attractive to ship owners looking for stability, security, attention to detail and technological advances. “Since our inception in 2010 the registry has grown steadily with different types of ships joining our fleet. We have a strenuous vetting process for all our ships and we know that owners, charterers and operators want a quality flag. As a relatively new one we know that attracting ships into our fleet takes time and our clients need to be comfortable with us, our operations and our quality management approach. This recent increase in fleet size shows we are sailing the right way.”

Smart ships and smart technology in running a fleet are currently driving shipowners to look more closely at who they entrust their vessels to. Panos Kirnidis is using the current world economic forecasts to reach out to the maritime industry to attract even more ships into the Palau fleet.
“We have been saying for more than a year that the maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to fully embrace technology. When the world economy turns and the shipping world recovers, progress in technology will be one of the real driving forces. The time to embrace this technology is now. Smart ships are here and so are smart registries. Waiting until the world economy picks up might be the wrong time to switch registries.

PISR is the fastest growing and efficient ship registry, which is investing in advanced technology, highly experienced staff and is built on foundation of a fully electronic registry. We introduced a new Deficiency Prevention System (DPS) at the end of 2016 through a dedicated department monitoring all Palau ships to reduce deficiency and casualty rates. It’s just one of the advances in looking after our fleet we feel puts us on course to be the smartest of smart flags in 2018.”

Ends

About Palau International Ship Registry:

The Palau International Ship Registry (PISR), an open registry headquartered in Houston, USA and has its European head office in Athens, Greece. PISR was created by an amendment to the Title 7 of the Republic of Palau National Code in 2010 and was appointed by the Government of the Republic to carry out the day-to-day management of vessels registered to the flag as the Ship Registry Administrator.

• PISR provides full administrative and technical support to the registration of vessels.
• PISR is an active member of both the IMO and ILO and is a member of BIMCO, WCPFC.
• Compact agreement of Free Association (COFA) with USA

8 Skylines Business Village
Isle of Dogs
London, E14 9TS
United Kingdom

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release PALAU FLEET GROWS AS OWNERS LOOK FOR SMART SOLUTIONS here

News-ID: 749309 • Views: 474

More Releases from Image Line Communcations

STRIKING OPTIONS FOR E-COMMERCE MARKETPLACE ORDERS
The Royal Mail strike planned to start on Thursday 19th October has been halted after a High Court injunction. Despite the ban, there are persistent rumours that some workers will strike after the 11am essential deliveries. But this is a first warning sign for retailers of all sizes who have put all their eggs in one basket and have been waiting nervously on recent Royal Mail decisions and at such
Up to 10 times longer running times with the new anti-sticking pump elements fro …
Deposits in the barrel can significantly impede the pump’s operation. Common measures such as the regular cleaning of the pump element are very time-consuming and far from ideal over the long run. L’Orange is committed to a sustainable solution to this problem. A new pump element with a special coating and a scraper ring can largely reduce the formation of lacquering and therefore increases the running times of pumps by
SCX has Wimbledon covered
There will be a good service at Wimbledon again this year thanks to the preventative maintenance work SCX Special Projects performs on the retractable roof over Centre Court. The mechanisms to mobilise the roof were designed, built and installed in 2009 by SCX Special Projects ─ a Sheffield-based company providing bespoke solutions for all kinds of mechanical handling systems ─ and is one of the first types of concertina moving structures
MOL Conducts Gas Injection Demonstration Run Utilizing a Temporarily Modified Sl …
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced it has been decided that Mitsui Engineering & Shipbuilding Co., Ltd. (MES; President: Yasuhiko Kato) and MOL conduct a gas injection demonstration run utilizing a temporarily modified electrically-controlled type slow speed diesel engine. The engine is designed, manufactured and delivered to a shipyard with oil injection specifications for one of the MOL newbuilding vessels, however during manufacturing, it will be

All 5 Releases


More Releases for Palau

Palau lines up with BIMCO
The world’s fastest growing ship registry has now joined more than 2,000 other maritime professionals by becoming the latest associate member of BIMCO – The Baltic and International Maritime Council. Palau International Ship Registry (PISR) is the latest registry to join the world’s largest international shipping association representing ship owners, operators, managers, brokers and agents. PISR has grown to become one of the premier SMART ship registries and joining BIMCO offers
Global Axial Fan Market Research Report 2013-2025 | Systemair, Greenheck, Soler …
MarketResearchReports.biz announces the availability of a report on the evolving market of Global Axial Fan Market Report, History and Forecast 2013-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and analysis were an important part of
Palau Registry sails into top spot
Palau International Ship Registry has become the fastest growing flag in the shipping world with an impressive 43.2% growth in the number of vessels joining the registry since 2013 according to Fairplay magazine. Recording strong growth that puts it well ahead of other expanding registries such as Portugal, Saudi Arabia and the Cook Islands, Palau has attracted significant numbers of tankers into its fleet along with Ro-Ro vessels, bulk carriers and
Palau Welcomes the Future of Shipping Regulation
Port State Control could be about to change and move away from black, grey and white performance lists as pressure grows to concentrate more on targeted inspections of under-performing ships, a potential move welcomed by Palau International Ship Registry (PISR). Panos Kirnidis, CEO of PISR has responded positively to the recent workshops held at the IMO headquarters in London in October that has suggested a range of proposals and recommendations centred
Palau Pacific Resort launches Clam planting program
The initiative complements the green and sustainable efforts of Palau’s premier luxury resort. The Giant Clams are listed as threatened species under CITES, the convention on International Trade in Endangered Species. There are nine species of clams in the world and Palau is proud to be home of seven species. Palau Pacific Resort, Palau’s most prestigious resort, is expanding its program of sustainable measures in the pristine archipelago of Micronesia. Guests can
Sam’s Tours Palau to join Quality Divers
Palau’s premier dive base will expand Pacific portfolio for the dive network The members of Quality Divers have voted to accept the application of Sam’s Tours, Palau’s premier dive center and eco adventure tour company, to become a full member of its network. The main target of the international association of first class dive operators with currently 10 members, is to promote “Excellence around the world” in diving. Quality Divers is an