Somali Naval Piracy -- News Updates For November 21, 2008

Hijackers have reportedly demanded a $25 million ransom for the release of the oil tanker Sirius Star, seen here anchored off the coast of Somalia on Wednesday. AFP - Getty Images

Somali Pirates Pocket At Least $1.67 Million -- MSNBC

2 tankers released after payments to hijackers; U.N. backs arms sanctions

MOGADISHU, Somalia - Somali pirates released two hijacked ships after ransoms were paid, U.S. military officials said Thursday. The deals emerged as Britain warned that paying for the release of hostages risks encouraging more piracy.

NBC News reported that the Great Creation, a Hong Kong-flagged chemical tanker seized on Sept. 18, was released after a $1.67 million ransom was paid. The Genius, another Hong Kong-flagged chemical tanker which was hijacked Sept. 26, was also returned in exchange for an unknown sum.

Earlier this week, pirates released the Stolt Valor, a Japanese chemical tanker after paying hijackers $2.5 million.

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