Sailors SocietyPort of StocktonPort of South LouisianaBühler GmbHVan AalstGeneva Dry
  • Telestack
  • Port of South Louisiana
  • Geneva Dry
  • Van Aalst
  • TMS Awards 2023
  • Cimbria

Palau flies the flag for anti-corruption

(Posted on 28/09/18)

The fight against bribery and corruption in the shipping world is being led by Palau International Ship Registry (PISR) which is currently the first and the only ship registry to have implemented and be certified for ISO 3700: 2016 related to anti-bribery and anti-corruption standards.

Governments across the world have made significant progress in addressing issues of bribery through international agreements such as The OECD Anti-Bribery Convention along with the United Nations Convention against Corruption. These standards apply to the maritime sector and as one of the world’s leading ship registries and the fastest growing one, PISR is at the forefront of establishing systems and been certified to meet these requirements.

Panos Kirnidis, CEO of Palau International Ship Registry sees this as the latest step forward in establishing a strong footprint for PISR in this important regulatory standard.

“We are currently the only registry in the maritime sector that has a system and certification to avoid active and passive bribery and corruption issues. We have spent the past few years establishing PISR as a ship registry with technology at its heart supporting a very strong team of professionals who understand the needs of ship owners and operators. The aim of the standard is to reduce political corruption and corporate crime in developing countries and to encourage sanctions against bribery in international business transactions carried out by companies or individuals.

“We believe in the principles of creating a truly level playing field in today's international business environments and we have fought for our voice to be heard in shipping and now we want to help our fleet owners to benefit from this. Our ISO 37001:2016 standards specifies requirements and provides guidance for establishing, implementing, maintaining, reviewing and improving an anti-bribery management system and we have spent the past 12 months integrating this into our overall management system. As the fastest growing ship registry in the world and with our commitment to technology and high ethical standards, we are determined to see any illegal practices eradicated from the shipping world.”

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.

Latest News

ESL to sell Supramaxes

(Posted on 25/03/24)

ESL Shipping, a leading carrier of dry bulk cargoes in the Baltic region, has signed a memorandum of... Read more


Sustainable fuels can reach cost parity with fossil fuels by 2035

(Posted on 25/03/24)

New Wärtsilä analysis shows EU ETS and FuelEU Maritime will close price gap, creating policy... Read more


Swedish Club delivers firm foundation for future growth

(Posted on 25/03/24)

The Swedish Club reported positive results for 2023, combined with an emphasis on supporting its members... Read more


DNV establishes Tanker and Bulker Expert Team in China

(Posted on 18/03/24)

DNV has established a Tanker and Bulker Expert Team based in Shanghai. With strong global demand and... Read more


ClassNK notation for improvements in living and working environment

(Posted on 18/03/24)

ClassNK has granted its “ELW” (Excellent Living and Working Environment) notation to &ldquo... Read more


Boers: crews' health should not be sacrificed while at out sea

(Posted on 15/03/24)

Leading crew change specialist Boers Crew Services says the industry should be collaborating more to... Read more


Wärtsilä simulator technology for Sharjah Maritime Academy

(Posted on 15/03/24)

Technology group Wärtsilä has supplied its latest simulator technology to the prestigious... Read more


ASL rebrands as Adhira Shipping and Logistics and expands range of logistics services

(Posted on 10/03/24)

Adhira Shipping and Logistics (ASL) has launched an integrated suite of logistics and transportation... Read more


Attack on MV True Confidence – INTERCARGO statement

(Posted on 10/03/24)

The International Association of Dry Cargo Shipowners (INTERCARGO) had joined shipping industry associations... Read more


Diverse Algoma fleet contributes to revenue growth

(Posted on 29/02/24)

Algoma Central Corporation has reported its results for the year ended December 31, 2023. Algoma reported... Read more


TMS Awards 2023ViganCimbriaTBA GroupTelestack
  • Bühler GmbH
  • Sailors Society
  • Port of Stockton

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping