CimbriaPort of StocktonViganSailors SocietyTelestackThe Wolfson Centre for Bulk Solids Handling Technology
  • Port of South Louisiana
  • TOC Events
  • Port of Stockton
  • Cleveland Cascades Ltd
  • Telestack
  • Port of Vancouver USA

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

Chevron keeps ships sailing amid VLSFO challenges

(Posted on 19/01/21)

Chevron Marine Lubricants has helped ship owner customers identify and manage a distinctive engine condition... Read more


Coles to leave Wallem

(Posted on 19/01/21)

The board of Wallem Group have announced that Chief Executive Frank Coles has resigned and will be leaving... Read more


Seanergy announces $179m restructuring

(Posted on 14/01/21)

Seanergy Maritime Holdings Corp. has announced that it has reached final agreements with certain of... Read more


IOMSR seafarer welfare app goes live

(Posted on 14/01/21)

The Isle of Man Ship Registry has formally launched the first ever seafarer welfare app designed by... Read more


DNV GL to change name to DNV

(Posted on 13/01/21)

DNV GL, the assurance and risk management company, will change its name to DNV on 1 March 2021. The... Read more


Yxney Maritime and Inmarsat agreement

(Posted on 10/01/21)

Norwegian-based scale-up Yxney Maritime and Inmarsat, the world leader in global, mobile satellite communications... Read more


ClassNK advises early BWMS installation

(Posted on 10/01/21)

Leading Classification Society ClassNK has been analyzing the retrofitting status of ballast water management... Read more


Cybersecurity to remain a threat in 2021

(Posted on 05/01/21)

The maritime industry will remain a target of cyber-criminals in 2021 and the world’s shipping... Read more


IOMSR appoints China representative

(Posted on 05/01/21)

The Isle of Man Ship Registry (IOMSR) has appointed its first permanent representative in China.Well... Read more


First shipment at Khalifa Port’s South Quay

(Posted on 28/12/20)

The first shipment, carrying bauxite, destined for Emirates Global Aluminium (EGA)’s Al Taweelah... Read more


Cleveland Cascades LtdBühler GmbHTOC EventsPort of South LouisianaPort of Vancouver USATBA Group
  • Cimbria
  • TBA Group
  • Vigan
  • Sailors Society

Subscribe to our newsletter

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