Palau International Ship Registry (PISR) the world’s fastest growing flag has expanded its technology offering by linking with Pole Star to offer a comprehensive sanctions compliance and risk management service for its fleet vessels.

Pole Star’s PurpleTRAC is a comprehensive ship-centric economic sanctions compliance and risk management service used by shipping companies, ship financiers, insurers, port state agencies and ship registries. Using the latest technology it offers high level monitoring of assets designed to protect both the vessel and crew during operations.

Panos Kirnidis, CEO of PISR, believes the new smart datalink provides ship owners and managers with the most detailed information to maximise their operational performance.

“Over the past 12 months we have established Palau as the fastest growing ship registry in the industry and we are on course to make PISR the most technology driven one as well. We appreciate how important it is for our clients to be informed of their operational status and by offering them a tracking solution to optimise this, is a real bonus. Pole Star has developed innovative and reliable systems that will enable us to monitor and manage our clients’ assets worldwide. Along with our own unique Deficiency Prevention System (DPS) and our Smart Electronic Flag software, we can process vital information and give clients key performance indicators measuring the operational efficiency of their vessels.”

Pole Star’s PurpleTRAC software enables a ship’s details to be entered into a web-based interface, the vessel is then screened against a range of international economic sanctions lists and Port State Control databases. This determines if the ship, its owners or managers are on any sanctions lists, whether it has had any deficiencies found by port authorities, and if it has recently called at a blacklisted port or sanctioned country. It can also actively track a ship’s physical movements on a continuous long-term or short-term voyage-based basis

Panos Kirnidis sees this as the next step in driving the shipping industry and the flags they use even further into a technological age.

“We have embraced new technology because we believe it is the only way the shipping industry will develop. Using PurpleTRAC will give us an even sharper edge and peace of mind for our fleet clients. The age of paper certificates and records is coming to an end. There has been a reluctance on the part of some flags to fully adopt new systems but you only have to see how technology is driving transportation methods forward to appreciate it is here now and here to stay. Palau International Ship Registry will continue to work with companies that can offer us smarter ways of working. The age of the e-registry has arrived and PISR has been leading that charge for the past 12 months and we will continue to do so.”