PISR Grows Fast among the World's Registries
Palau International Ship Registry (PISR) is an open registry headquartered in Houston the United States. With its 43.2% growth in registry number of ships since 2013, PISR grows the fast among all the registries in the world according to Fairplay magazine.
PISR’s growth has surpassed other expanding registries such as Portugal, Saudi Arabia and the Cook Islands. Palau has attracted a mass of tankers into its fleet along with ro-ro vessels, bulk carriers and offshore ships.
PISR introduced a new Deficiency Prevention System (DPS) in 2016 as one of its drives to be a leading technological registry. It includes a dedicated department that can monitor all ships under the Palau flag to reduce deficiency and casualty rates.
Panos Kirnidis, CEO of Palau International Ship Registry said “Technology will be a key driver here but without losing the human touch. I would like to think we have displayed enough conviction to the industry to be worthy of this recent dramatic increase in business.”
Sources: Xinde Marine News
Editor: Carrie Zhu
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