Palau registry appoints TMG as deputy registrar

May 18 2018

Palau International Ship Registry (PISR) has appointed The Maritime Group (International) (TMG) as deputy registrar for the Palau Flag.

PISR will provide registration and maritime services through TMG for the London-based shipping community.

TMG is a maritime services company and consultancy with a head office in Seattle and regional offices in London, Singapore and Honolulu.

Panos Kirnidis, PISR CEO, explained: “TMG’s executives bring extensive knowledge of the London and UK shipping sector, and vast experience and exceptional expertise to PISR. Their commitment to excellence, drive to deliver the greatest customer service and ambition to develop the business match our own.

“Increasing numbers of owners and managers are putting their trust, and their ships, in the PISR, and our new appointment of TMG demonstrates our commitment to providing the best possible service,” he said.

Capt Malcolm Parrott, TMG managing director, added: “PISR is a rapidly growing registry whose services have become increasingly in demand from a discerning customer base.

“We look forward to advising and supporting the many shipping owners, operators and managers in the UK with PISR registration and inspection services and other technical, business and operational services, such as surveys, legal support, ship and crew management and engineering,” he said.

PISR opened its European head office in Piraeus, Greece, at the beginning of 2017. It also has an office in Houston, Texas.

Its fleet includes tankers, ro-ro ferries, bulk carriers, offshore vessels, containers, general cargo and passenger ships

TMG’s executive team includes chairman and president, John Cox, business development director, Kevin Hawes and operations director, Jonathan Powis.

The consultancy is a member of UK Chamber of Shipping and is planning to hold a formal launch with PISR later in the year.

In another move, the strong relationship Palau has with the US in terms of its Compact Agreement of Free Association (COFA) was given a further boost recently by the announcement of a new economic package, which will give an enormous boost to PISR, the registry claimed.

On 1st May, the Republic of Palau and the US held a meeting to discuss the process and arrangement of disbursing the $123.824 mill economic funding package recently authorised and appropriated by the US Congress.

PISR will benefit from this generation of funds as it brings additional benefits not associated with other ship registries in terms of economic and political support. Palau is one of three countries with Freely Associated State (FAS) Status by having this free association with the US helps it to provide businesses the ability to operate in a sovereign country and retain conveniences such a US dollar-based currency system and favourable trade arrangements with the US.

Kirnidis said that he saw the close ties with the US as providing a stable environment for the registry to grow and operate a fleet of global proportions.

“We are The SMART Registry and with the support of the Government of Palau and its associated strong economic ties with the US, we see an even stronger opportunity for our fleet to grow and provide world-class services to our customers,” he claimed.


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