GALAXY Maritime Ltd., the Isle of Man registered owner of the bulk carrier Galaxy Leader hijacked by the Houthis off Yemen on Nov. 19, 2023, says that it is encouraged by reports from the Philippines that the release of their 17 seafarers held by the Houthis is imminent.

Owners and ship managers had been hoping to secure the release of the crew members in time for return to their families for the Christmas holiday.

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