Coalition of Maritime Insurance Companies to Deny Insurance to Blacklisted IUU Vessels
SEAFOODNEWS.COM [NY Times] October 6, 2017
OSLO — A coalition of insurance firms agreed on Friday to crack down on pirate fishing by banning coverage for trawlers whose illegal catches are worth at least $10 billion (£7.65 billion) a year.
Firms would deny insurance for vessels on a European Union blacklist of ships involved in illegal, unregulated and unreported (IUU) fishing around the world. More than 100 vessels are on the current list.
Until now, legal loopholes in defining pirate fishing have sometimes enabled trawler owners to gain insurance for vessels that harm global fish stocks. The EU list gives a common benchmark...
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