“The world’s oceans are big enough for another superior Flag, like Palau; and we will show to ship owners, managers and other stakeholders in the maritime sector that the age of the Flag, is no barrier to excellence”. - Panos Kirnidis BEng. MSc., CEO, Palau International Ship Registry Excellence is not always easy to achieve and the shipping business, as one of the most regulated industries; can be a tough one to operate in. Palau with a permanent delegation at IMO follows the ratification of International Conventions and actively participates in the work programs of IMO Committees and Sub-Committees. As a new Flag, we follow a process of maturity which impartially includes building solid relationships with the international shipping community based on confidence, honesty and credibility. One of the real benefits of being new into the arena is that we have had the time to hire several experts with more than 30 years’ experience. We have analysed the industry, identified and maintained the strengths of the competition and rectified the weakness while avoiding the early errors, and mistakes made. We are building on our experience and knowledge and maintain the highest possible standards. We know that success comes by meeting customer needs in all aspects of their business by providing smooth, faster, efficient and cost-effective services, with full administrative support and tailored customer services. This is our commitment and this is what we have been working diligently on. In January 2017 PISR announced the expansion of its USA, Houston Head Office to Piraeus, Greece – now the European Head Office. This expansion of the PISR network and the new office is part of a comprehensive plan to develop the registry. Whatever we do comes with the same attention to detail we have become recognized for worldwide.