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Maritime Safety , Security and Technology

Red Sea Shipping Crisis Deepens as More Tankers Reroute Following Houthi Threats against Saudi Ports

The security situation in the Red Sea shipping corridor continues to deteriorate as more commercial vessels alter their routes after Yemen’s Houthi movement warned ships against calling at Saudi Arabian ports, raising fresh concerns over global maritime trade, oil supply chains, shipping insurance costs, and energy security.

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Ports and Shipping

Capital Ship Management, K Shipbuilding and Lloyd’s Register Launch Wind-Assisted MR Tanker Project to Advance Green Shipping

In a significant step toward maritime decarbonization and fuel-efficient shipping, Capital Ship Management Corp., K Shipbuilding, and Lloyd’s Register (LR) have launched a Joint Development Project (JDP) to design a 50,000 dwt wind-assisted Medium Range (MR) tanker. The initiative aims to determine whether Wind-Assisted Propulsion Systems (WAPS) can deliver commercially viable fuel savings and emissions reductions for standard product tanker operations without compromising cargo capacity or operational flexibility.

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Maritime Environment Policy and Law

Bangladesh Joins Three Key IMO Conventions to Strengthen Maritime Safety, Oil Spill Liability and Blue Economy Growth

Bangladesh has taken a major step toward strengthening its maritime governance by joining three important International Maritime Organization (IMO) conventions, reinforcing the country’s legal framework for maritime safety, oil pollution liability, bunker fuel spill compensation and shipwreck removal. The move is expected to align Bangladesh’s maritime regulations with international standards while supporting sustainable shipping and the blue economy.

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Maritime Environment Policy and Law

Quebec Marine Monitoring Network Could Strengthen Environmental Regulations and Maritime Conservation

A groundbreaking marine monitoring network deployed in Quebec’s Lower St. Lawrence River is providing scientists with an unprecedented view of underwater activity, offering valuable insights that could strengthen maritime environmental regulations, improve marine ecosystem protection, and support safer shipping operations.

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Maritime Trade & Economy

Gulf Crude Oil Exports Surge in July as Strait of Hormuz Shipping Slows Amid Renewed Regional Tensions

Gulf crude oil exports climbed sharply during the first half of July, reaching their highest levels since before the Iran conflict began in late February. However, fresh military escalation in the region is now slowing tanker movements through the Strait of Hormuz, raising new concerns over global maritime trade, oil shipping, and energy supply chains.

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