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In a further blow to Russia's shadow fleet, EU now requires all vessels to be insured

In a further blow to Russia's shadow fleet, EU now requires all vessels to be insured

Green Energy
In a further blow to Russia's shadow fleet, EU now requires all vessels to be insured

Intensifying its efforts to crack down on Russia’s shadow fleet, the European Union (EU) has adopted another measure.

Illustration. Source: Pixabay

It requires all vessels, including those merely passing through EU waters without entering an EU port, to provide proof of insurance.

As explained, with this move, the European Commission intends to enhance maritime safety and environmental protection around the EU’s coasts. The amendment to the Vessel Monitoring Directive (2022/59/EC) introduces a new Delegated Directive that updates both existing and future mandatory ship reporting systems.

“By requiring that all vessels operating in our vicinity are properly insured, the EU’s ability to monitor and, if necessary, investigate maritime activities is strengthened, addressing risks posed by uninsured or unsafe vessels. It also reinforces our commitment to a more environmentally responsible maritime sector,” the EC said.

“This is a targeted measure with potentially great impact, enhancing the preparedness of the EU’s coastal States. It reflects the EU’s dedication to safer, more secure, and environmentally responsible maritime operations, aligning its regulations with international standards and tackling the challenges associated with hazardous cargo and geopolitical

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