The delimitation of the maritime boundary in the Bay of Bengal (BOB) has opened a new economic frontier for Bangladesh. Bangladesh resolved maritime area disputes with Myanmar in 2012 and India in 2014. To utilize its unexplored marine resources, Bangladesh is already taking initiatives to flourish its Blue Economy. Before the exploitation of marine resources, sustainable management should be kept in mind. Otherwise, long-term resource growth and economic benefit are not possible. The well-being and security of sea raises worries that incorporate marine shipping accidents, unlawful fishing, piracy, smuggling, etc., which are considered dangerous to oceanic interests. Generally, Ocean Governance is that part of that which accumulates all the policies, actions, and affairs regarding maritime issues for the sustainable use of the ocean.