Ships trading with North Korea will not fly Palau flag
Vessels which violate the current United Nations Security Council Resolutions (UNSCRs) on trading with North Korea will not be registered with the Palau International Ship Registry (PISR).
Palau International Ship Registry (PISR) on January 21, 2020 joined the Memorandum of Understanding between Liberia, Marshall Islands and Panama. Under the MoU all four registries will now promptly notify other flags to ensure questionable vessels are not registered in line with the UNSCR regulations.
Members of PISR have recently attended several trainings on conducting due diligence to comply with U.S. sanctions and United Nations Security Council Resolutions (UNSCRs) sponsored by the U. S. Department of State’s Bureau of International Security and Non-proliferation (ISN). The most recent was the participation in the Symposium on Enhancing Ship Registry Management and Compliance Standards held on February 5, 2020 in Washington DC.
“Palau recognizes the importance of ship registries, ship owners and managers working together to raise awareness of North Korea’s illicit shipping practices and to enforce UNSCRs to increase regional and global security. We have vessels registered across the globe and our diligence and our personnel working for the registry in 43 countries means we can support and monitor the vessels registered with us. We are fully supportive of the need to maintain law and order on the seas and we are fully behind this initiative as one of the world’s leading ship registries,” Panos Kirnidis, CEO of PISR, said.
Maritime Business World