Oman Rescues Crew from Attacked Indian Dhow Near Hormuz

On Thursday, India’s Ministry of External Affairs condemned the attack on an Indian-flagged ship off Oman, calling it “unacceptable.” While the ministry did not name the responsible country, it emphasized the need for maritime safety and the protection of civilians, highlighting the risks to navigation and commerce. All Indian crew members were rescued safely.

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UAE Revises Maritime Security Protocols Near Hormuz Strait

In response to the Iranian Revolutionary Guard Corps’ evolving strategies, the UAE is enhancing its maritime security operations in the Fujairah region and Gulf of Oman. This proactive approach underscores the UAE’s commitment to regional stability, reinforcing operational coordination and revising maritime Rules of Engagement to safeguard shipping confidence amidst rising tensions.

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IMO Warns of Critical Conditions for Mariners Trapped in Hormuz

Arsenio Dominguez, head of the IMO, expressed serious concern over seafarers stranded in the Strait of Hormuz, calling the situation “unacceptable.” He highlighted the psychological stress and security threats faced by these workers, warning that prolonged immobilization could lead to significant maritime incidents and impact global trade and economic stability.

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GIC Re Launches Maritime Insurance Fund to Protect Sea Lanes

The Bharat Maritime Insurance Pool (BMIP), managed by the General Insurance Corporation of India, aims to bolster India’s maritime trade resilience and reduce reliance on foreign insurers. With a coverage capacity of $1.5 billion per loss, the initiative addresses rising global war-risk insurance costs amid increasing geopolitical tensions, ensuring uninterrupted trade.

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