The Palau International Ship Registry (PISR) has noted that it has registered a significant improvement in its ranking within the Paris Memorandum of Understanding (PMoU) Flag State performance list during H1 2022. It noted that it now sat in the top third tier of the Grey List of flag states.
“This rapid progress through the PMoU list is a result of PISR’s digital journey and organization-wide dedicated to creating a leading registry for its customers and a sustainable registry for the industry”, Palau said.
The annual report was released at the 55th meeting of the Paris Memorandum of Understanding, which was held on June 14th, 2022.
Palau said that the improvement marked “an exceptional achievement for PISR”, as any move up in the regulatory lists of Paris and Tokyo had traditionally taken much longer.
PISR chief executive Panos Kirnidis said that “our rate of progress is a testament to the combination of our own unique technology, our staff and the way they blend together. Within the past five years PISR has achieved the most improvement within all the Flags in Paris MOU in record time, reaching Grey Listing in both the Paris and Tokyo MOUs.”
Kirnidis said that a key area of focus for the registry was the development of its in-house Deficiency Prevention System (DPS). He said that “the DPS is our own internally-developed software system, combining technology and the human element, which has successfully led to considerably minimizing fleet detentions. It is simple to use, highly effective and
accessible via a desktop or even a smartphone. The DPS has directly impacted our exceptional rapid rise up the Grey List ranks”.
Kirnidis added that “we are determined to rise to the White List and we already have the strategy in place to achieve it. The future is digital and PISR will pave the forward via its creative and unique technology solutions combined with its expert team. We will continue to grow as a flag and do our part as a registry to contribute to the sustainable future of
this industry.”
