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Somali Pirates release Maltese Bulk Carrier August 15, 2011

Posted by Chris Mark in Piracy & Maritime Security.
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Somali pirates released 52,466-tonne vessel MV Sinin along with its crew of 22 — 12 Iranians and 10 Indians after ransom was paid for the ship.  The ship had been hijacked in February, 2011.  According to U.S. think-tank One Earth Foundation, the average ransom per ship in 2005 was $150,000. By 2010, it had jumped to an average of $5.4 million per ship, with large cargo vessels and oil tankers a popular targets.

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