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Maltese-Flagged Vessel MV SININ Freed By PiratesShip Owner Reportedly Paid $ 4 Million In Ransom Money:

The Maltese-flagged bulk carrier MV SININ, which was attacked in February by suspected pirates in the northern Arabian sea, has been freed and is reportedly on its way to Colombo, Sri Lanka, sources have said. The pirates’ group leader, who could only be named as Gurey told Somalia Report late on Saturday that the group had demanded a ransom amounting US$5million but that the vessel's owner had paid them some US$4million ransom money to release the ship and her crew. He said all the 23 crewmembers were safe and that they had enough bunkers and stores to enable them reach the second port of call. Gurey said the ship owner had supplied the vessel with enough ship stores, fuel and security for the vessel, before leaving Somalia on Saturday evening. A diplomatic source at the Indian High Commission in Nairobi confirmed that MV SININ had been set free and that she was currently steaming out to safe waters. MV SININ was hijacked by pirates on 12 February 2011 at 1931UTC in position 19:26North-063:29East some 350 nautical miles East of Masirah (Oman) in the North Arabian Sea. The 52,466 dwt bulk carrier was taken by pirates while enroute to Singapore from Fujairah in the United Arab Emirates (UAE). She is owned by Tehran based ISIM SININ Limited while she is managed by Iranohind Shipping Company Limited of Tehran, Iran. Negotiations to secure the release of the vessel and her 23 crew were finalized on Wednesday but she started sailing out of Somalia on Saturday evening soon after the gun men received the ransom money. Diplomatic sources told Somalia Report that MV SININ is expected to dock Sir Lanka in the next five days. http://www.somaliareport.com/index.php/post/1362