Panos Kirnidis The prospects of the Maritime Industry for 2023

Palau International Ship Registry (PISR) continues to grow following the development of our innovative in-house systems and digital services for ship registration, making us the leading digital ship registry. The number of vessels in the registry is growing yearly and we have an excellent retention rate. This is because we are constantly talking and listening to ship owners, actively engaging with them to understand and address their concerns and responding to them.

In 2023, PISR will continue to lead by example by combining its people and technology to redefine the perception of registration services.

In 2022 PISR opened a new regional office in London (UK), expanding the registry’s network across Europe. Now we are exploring options for new regional offices in two other major cities, New York and Tokyo, as our growth gains international interest from ship owners worldwide.

During 2023 we will add some new features to enhance our ePISR online services and vessel compliance assessments to provide further support and confidence for ship owners and operators. Additionally, we will continue to improve our digital operations and unique, tested and verified tools, online procedures and features to maintain our reputation for same-day delivery of services.

As part of our development plans, we will be offering Company Corporation Services and working with the oil and gas sector to provide registration services at the same high standards PISR offers ship owners.

PISR has one of the only systems that helps prevent and manage detentions by Port State Control. Our in-house Deficiency Prevention System (DPS) which has demonstrated its importance in ensuring a vessel’s compliance with international conventions, rules and regulations. It is part of PISR’s Quality System and is certified under our ISO 9001:2015 standards and our Anti-Bribery Quality System ISO 37001 standard. This is an invaluable tool for ship owners and will continue to be a vital element in the registry to further elevate PISR to the Paris and Tokyo MoU lists.

Another essential step in our technological development is that PISR is in the process of being certified with ISO/IEC 27001:2013 (also known as ISO27001), the international standard for information security. This sets out the specification for an information security management system (ISMS) by addressing people, processes and technology. Furthermore, the registry will be recognized worldwide as having an ISMS aligned with the best practices in information security.

Panos Kirnidis HCG, BEng, MSc Honorary Consul General of the Republic of Palau to Greece

“The prospects for 2023 remain positive for the Greek Shipping companies, even though the above-mentioned challenges continue, along with anticipated increase of the D/D cost, mostly due to increase of energy, raw material & labour cost & operational cost of the shipyards worldwide”.