PHOTO: COLLECTED

STAR BUSINESS REPORT

The maritime industry in Bangladesh is facing challenges due to outdated regulatory frameworks, limited access to specialised insurance products, and a lack of awareness among its stakeholders about the importance of comprehensive marine insurance coverage.

Addressing these gaps requires a concerted effort by policymakers, industry leaders, and legal professionals, according to Justice Khizir Ahmed Choudhury of the High Court Division of the country’s Supreme Court.

He made this comment at a seminar on “Contemporary Issues of Marine Insurance Law” at the CIRDAP auditorium in Dhaka yesterday.

The event was organised by the Bangladesh Maritime Law Society (BMLS), with the support of the Maritime Anti-Corruption Network (MACN) and MCLaw Services Ltd.

Choudhury emphasised that education and awareness are key, as shipowners, operators, and relevant policymakers must have the tools and knowledge to effectively navigate the challenges of modern maritime operations.

“As we deliberate on the complexities of marine insurance today, let us not lose sight of the broader goal: creating a resilient and sustainable maritime industry,” he said.

This requires not only robust legal and regulatory frameworks but also the active engagement of all stakeholders, Choudhury added.

He pointed out that the country’s reliance on maritime