Insurance Day
Galaxy Leader owners in dispute with Codan over loss of hire cover
Danish insurer said to be refusing payout, on grounds that Houthis are not a ‘state power’ as per the Nordic Plan
The owner of Galaxy Leader (IMO: 9237307), the car carrier seized by the Houthis a year ago today, is in dispute with insurer
Codan over loss of hire payouts on the hijacked ship, according to market sources.