Agreement will allow cooperation on technical research & international business
The Korean Register (KR), an IACS member classification society, has signed a Memorandum of Understanding (MoU) with the Panama Maritime Authority (PMA) to allow cooperation on technical research and to work together on a range of international activities.
“I am delighted to sign this agreement which heralds a long and fruitful relationship between this classification society and the Panama Maritime Authority,” said KR’s executive vice-president Kim Kyu-seob at the signing ceremony held in Busan, Korea.
“Both parties will benefit and it is good for both of us to work together particularly in the current climate of fierce competition, unpredictability and change,”
The MoU is specifically aimed at owners with Panamanian flagged vessels and will bring them a range of benefits including enhanced survey and certification services.
In addition, both parties have agreed to cooperate on future technical and research projects and to exchange technical information as well as manpower.
“It is enormously helpful for the PMA to sign this agreement with KR,” commented chief of navigation and maritime safety at the PMA, Reynaldo Garibaldi.
“The Korean Register is leading the way with classification-related technology and we are looking forward to working alongside them.”