Insurer Gard is to appeal a local Arendal court ruling awarding Champion Shipping NOK 190m ($22.8m) in compensation, plus costs, for the constructive total loss of a tanker.
The ruling relates to a claim filed by the Bergen-based shipowner following the breakdown of the main engine on the 43,000-dwt Champion Express (built 1999) outside Indonesia almost three years ago, when the tanker was on its way to Latvia.
