Handysize gas tanker

Impact of Venezuela’s Crisis on Shipping and Trade Security

The legal drama surrounding Venezuela’s President Nicolás Maduro escalated in Manhattan federal court, where he pleaded not guilty to narcoterrorism charges. Following Operation Absolute Resolve, insurance rates for Caribbean transit have surged, as maritime operators face heightened risks and stricter conditions, complicating compliance amid shifting geopolitical dynamics.

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AI-Powered Radar Tech Launched for Collision Avoidance in Maritime Navigation

Researchers at Texas A&M University have developed SMART-SEA, an AI system aimed at preventing maritime collisions. This technology combines human expertise with machine learning and radar technology to provide real-time guidance, reducing reliance on captain experience. It specifically addresses human error, enhancing safety in complex maritime navigation scenarios.

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Greece nano satellite MICE-1

Greece Launches Nanosatellite to Boost Maritime IoT Communications

Greece has successfully launched its first IoT nanosatellite, MICE-1, aboard a Falcon 9 rocket on November 28. Developed by Prisma Electronics, this satellite enhances maritime communication and operational responses during disasters. Equipped with advanced technology, MICE-1 promotes sustainable shipping practices and marks a significant milestone for Greece’s space capabilities.

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