Tag: ransom

  • Pirate Lies

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    Despite the claims of pirates, the ransom paid to release “MV Zirku” apparently fell well short of the widely-quoted figure of $12m. Once again it seems we are all too […]

  • Release Rumour

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    Local observers have reported that the a “relatively small ransom” has finally been delivered for the release of “MV Suez”. It is understood that the pirates holding the vessel have […]

  • Pay Day

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    The tanker “MT Zirku” has been released after the payment of a ransom. Pirates claimed a record amount ($12 Million) was been paid to free the vessel which has 29 crew […]

  • Indian Plea

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    Somalian Ambassador to India Ebyan Mahamed Salah has urged pirates to release the remaining seven Indian crew members of “MV Asphalt Venture” being held hostage for the past few months […]

  • Set Free

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    Somali pirates have freed a Chinese-owned cargo vessel they had held for nearly seven months. Owned and managed by Ningbo Hongyuan Ship Management Ltd, the Panama-flagged cargo carrier “Yuan Xiang” […]

  • Ship Freed

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    Somali pirates say they have freed a Syrian owned and Togo-flagged ship seized this year after they received a $2.5 million. The 24,022 deadweight tonne “MV Khaled Muhieddine K” crewed […]

  • Double Blow

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    The multi-million dollar ransom haul seized at Mogadishu airport, Somalia, was to be used as payment to release two ships and their 56 crew members. The $3.6 million was for […]

  • Cash Grab

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    News sources indicate that Somali authorities have seized two aircraft carrying $3.6 million in ransom payments for pirates on Tuesday and detained six foreigners. Somali government officials claimed that two unmarked […]

  • Release Beckons

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    Pirates are set to release an Egyptian multipurpose ship after payment of a ransom. The Red Sea Navigation multipurpose vessel 17,000-dwt “Suez” (built 1984) is expected to be freed after […]

  • Earnings Boom

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    Despite some lowering of ransom levels across the latest negotiations, it has emerged that Somali pirates are earning as much as 157 times their country’s national average wage. This naturallly makes […]

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