Summary
Headline: All ships passing through European waters must now provide proof of insurance
Short Summary: EU now requires all ships in its waters to show insurance proof, targeting shadow fleet activity and sanction circumvention.
Description and Notes
The European Commission has enacted a new regulation that requires all vessels, including those merely transiting European Union waters without stopping at EU ports, to provide proof of insurance. The measure is part of a crackdown on so-called 'shadow fleet' ships operating without oversight or outside established sanctions, with a focus on risk mitigation, especially concerning tankers potentially circumventing sanctions on Russia.
Notes: This EU regulation aims to counter ??Russia s shadow fleet, many of which sail without insurance, posing environmental and security risks.
Evidence
- ""The European Commission has adopted another key measure to crackdown on the so called shadow fleet passing through its waters.""
- "The amendment to the Vessel Monitoring Directive now requires all vessels, including those merely passing through European Union waters without entering an EU port, to provide insurance information."
- ""if all vessels operating in your vicinity are properly insured, the EU’s ability to monitor and, if necessary, investigate maritime activities is strengthened, addressing risks posed by uninsured or ..."
- ""This is a targeted measure with immediate impact, complementing the preparedness of the EU’s coastal states.""
- ""The number of vessels hit by sanctions surpassed 1,000 late last year... adding to growing concern that the expanding so-called shadow fleet could lead also to multiple costly environmental catastrop..."
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