The EU’s new “Green Policy” to reduce the environmental impact of all types of vessels is generating new Directives that shall affect the Shipbuilding Industry. As a direct consequence, an intense debate has been opened with the participation of all the players involved: the European Commission, Marine Institutions, Shipbuilding Industry, Marine Sector, and Scientific Community. Participation of the authors in the SILENV, BESST, and AQUO projects within the FP7 has permitted noticing that for the complete assessment of the ships’ environmental impact it is essential to introduce the new so-called Noise & Vibration – Full Signature indicator. In addition to the well-known topics of Noise & Vibration (N&V) on board, it includes new ones: Noise Radiated to Harbour and Underwater Radiated Noise (URN) by the ships. Both, but especially the latter (URN) became the most outstanding novelty and the biggest challenge to be technically solved. In this sense, it is essential to know the “Starting Point”: How far is the current European Fleet from the Standard Regulations and from other Directives that will soon be compulsory? And which are the technical reasons and root causes of these deviations? To address these issues within the framework of the SILENV Project, the most recent N&V database compiled with 171 ships from the European Fleet and 12,000 N&V experimental data have been assessed. It became the largest ever N&V database in the marine sector, as well as a complete novelty. Therefore, the results, conclusions and recommendations obtained from it are of paramount importance to support current policies of the EC and other Marine Institutions that focus their efforts on combating the environmental impact of the ships.