Subscribe to RSS feedPirates agree hostage release after 16 months of waiting
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Lloyd’s List
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last modified
Apr 21, 2012 06:25 PM
SOMALI pirates are to receive US$2.9m in “expenses” in a deal to free Malaysian-flagged boxship Albedo and 21 crew held hostage for 16 months.
The 1993-built, 1066 teu Albedo was hijacked in the Indian Ocean en route to Kenya in November 2010. The pirates initially demanded US$10m.
The owner, Malaysian Majestic Enrich Shipping Sendirian Berhad, declined to pay the ransom and the families of...
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