PIRACY. MV IRENE E.M. FREE FOR $2 MILLION RANSOM

Somali pirates freed a St. Vincent and The Grenadines - flagged, Greek-owned ship on Monday after the gang received a $2 million ransom ...

for the vessel and its 22 Filipino crew, local sources reported. One of the pirates confirmed the release to Reuters.

MV IRENE E.M. - a bulk carrier - was seized on April 13 at 22h40 UTC (= April 14 - 01h40 local time) at position N 12.52.992 / E 048.15.503 in the Gulf of Aden, where gangs from Somalia have made tens of millions of dollars in ransoms by targeting vessels using the strategic shipping lanes.

The vessel and crew Europe to Asia.were en route from Jordan to India and later held near Garcaad at the Indian Ocean coast of Norteastern Somalia. CHIAN SPIRIT Maritime Enterprises of Pireus, Greece, did not confirm a payment of a ransom.

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