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Deal Reached with Somali Pirates over MV Faina

Peter Cassata | December 01, 2008

A ransom agreement has been reached with Somali pirates who hijacked a Ukrainian ship in September, UPI reported:

The owners of a Ukrainian arms ship hijacked off Somalia more than two months ago have agreed to pirates' $20 million ransom demands, an official says.

The Kenya Seafarers Association said Sunday that the MV Faina, which was carrying a cargo of Soviet-era tanks and other munitions to Kenya, will be freed as soon as its owners can work out a payment schedule with the Somali pirates who seized it September 25 in the Gulf of Aden, CNN reported.

According to the BBC, Kenya's government claims the ship's 33 tanks, grenade launchers, and ammunition are for its military, not destined for the autonomous southern Sudan region as had been speculated at the time of the MV Faina's seizure.  Additionally, the pirates backed down from their initial demand of $35 million – how kind.

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