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Somali Pirates Release Greek-Owned Ship

Printer Friendly VersionPrinter Friendly VersionSend to a FriendSend to a FriendSomali pirates have released a Greek-owned cargo ship and its 24 Ukrainian crew members after seven months in captivity. The director of Greek shipping firm Alloceans Shipping , Spyros Minas, says pirates freed the Ariana Thursday, after the company paid a ransom. In Kiev, Ukrainian President Victor Yushchenko also announced the crew's release. The shipping company did not reveal the size of the ransom, but pirates told reporters the amount was more than $2.5 million. Pirates have continued to hijack vessels despite the presence of foreign naval patrols near Somalia. They are still believed to be holding around 260 crew members on nearly a dozen captured ships.