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Insurance company agrees to pay ransom money to secure release of pirated Arab ship with Sri Lan...

Aug 1, 2010 8:08:38 PM- colombopage.com
Aug 02, Colombo: The owner of Al Nisr Al Saudi ship, hijacked by Somali pirates in the Gulf of Aden on March 1 with 13 Sri Lankan crew members and the Greek Captain on board, has said the insurance company has agreed to pay a ransom of US$ 20 million to win the release of the ship and its 14-member crew, an Arab News report said.