Gard and the Norwegian Hull Club face claims running into tens of millions of dollars following an explosion on a Stolt Tankers ship at the port of Ulsan in South Korea over the weekend.
Arendal-based Gard is the claims leader for the hull and machinery cover, as well as providing protection and indemnity cover, for the 43,478-dwt chemical tanker Stolt Groenland (built 2009).
