Somali Pirates Reach Agreement to Release Ukrainian Vessel

After holding the Ukrainian shipping vessel MV Faina for more than two months Somali pirates have agreed to release the ship following a deal made with the owners.

The MV Faina, carrying 33 tanks, ammunition and grenade launchers, was bound for Kenya when it was hijacked by pirate son Sept. 24. Pirates demanded a ransom for the safe release of the 21-member crew and the contents of the vessel and for two months the owners of the vessel have been involved in negotiations.

Initial reports put the ransom demand at $20 million but there have been no reports on the final figure.

Somali pirates are still holding the Sirius Star, a Saudi-owned vessel carrying 2 million barrels of oil worth more than $100 million and a 25-member crew.

Click here for more World News

About YourFINDit

YourFindit Community is a business, music and social networking community. YourFINDit provides members with a wealth of applications that enable them to create an in depth profile within YourFindit. Profiles include an About Me, Background and Lifestyle, Videos, Photo sharing, News, Music, Blogs, unique URL and networking with other members inside the YourFINDit community. YourFindit provides ADit to each member providing them the opportunity to have an exclusive profile (no outside advertising) displaying only banner ads they upload to their pages. Members can run their own ads or give or sell their ad space to advertisers at prices the member sets.

To create your profile sign up and within minutes you too can have your People profile running your ads and building your network with new members daily.

YourFindit is owned and operated by TransWorldNews, Inc. a news and press release distribution service.

YourFindit profile where Your space is really Your Space