Palau Ship Registry Eyes Asia Expansion

With the opening of three new offices in Asia, The Palau International Ship Registry (PISR) said it is pushing ahead with a growth strategy intended to place the Palau flag among the region’s foremost ship registers. 

The newly opened offices in Qingdao and Dalian, China, and Tainan, Taiwan join PISR’s existing offices in Singapore, Shanghai, Guangzhou and Fuzhou-China, to fortify the register’s position across the Asia-Pacific region.

Jai Acharya, PISR’s newly appointed Regional Head of Business Development, Southeast Asia, said, “The new offices and the appointment of executive officers with a demonstrable track record and experience in international shipping and registry procedures enhance the profile and capabilities of PISR, not only in the Far East but across the globe. We have experienced a significant increase in the number of ships registered to the PISR fleet and believe expansion in the most prominent ports in Asia will drive further growth.”

Speaking of the importance of a PISR office in Taiwan, PISR technical adviser Tim Ho, a former manager with classification society DNV, Taiwan, said, “Some of the world’s leading container carriers are based in Taiwan, and the country’s shipbuilding sector is set to become the third largest supplier of container vessels in the 1,000 to 10,000TEU range, so to have an office here will be a considerable benefit to ship builders and ship owners alike.”