Ransom Renegades

Somali pirates who took a multi-million dollar ransom for hijacked Indian freighter “MT Asphalt Venture”, have refused to release seven of the 15 Indian crew members held as hostages.

This is believed to be the first time pirates have reneged on such a deal, and there are concerns that this could be the prelude to a worrying trend.

The ship owners said that the pirates released the ship and eight of the crew members, attempts to further negotiate with the pirates are understood to be ongoing.

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