High stakes remain on Somali high seas

Fri, 2009-02-06 17:23 by admin
PIrate on board the MV Faina (file photo)

By Juliet Njeri
BBC News, Nairobi

Read the complete article

The release of the MV Faina by Somali pirates after almost six months in captivity will be received with mixed feelings by the different players in the high stakes, high seas drama.

The crew of the Ukrainian freighter will be savouring freedom, while the ship's owner will no doubt be ruing the high cost paid for its release.

But it is perhaps the pirates who will walk away from the saga with the most to smile about as they count their loot, reported to be $3.2m (£2.2m).

The MV Faina is the second high-profile ship to be released by pirates this year. In January, a Saudi oil tanker, the Sirius Star, was released after the hi-jackers reportedly received $3m as ransom. …

Read the complete article