EU climate waterway rules warrant insurance rethink

Insurance policies for the replacement of inland vessels' engines currently only cover the cost of traditional fossil fuel-powered combustion engines, exposing owners, as Armand Lans, at FDR, warns

Climate change has triggered reams of new regulations designed to instil behavioural change among many principal stakeholders in the inland shipping market, but it also poses unintended risks. The macro existential twin challenges of the energy and digital transitions are placing an onus on the inland waterway market to adapt to new fundamental principles of business and profoundly impacting risk and risk management.