DUBAI, United Arab Emirates – A Pakistani negotiator for a Malaysian-owned ship held by Somali pirates says he has reached agreement to free the crew in exchange for a ransom of almost $3 million.
The pirates have been holding MV Albedo for more than a year.
Negotiator Ahmed Chenoy says they would free its 23 crew members after agreeing to a ransom payment of $2.85 million. Chenoy did not say who would provide the money. He said it will be delivered to the pirates by plane by April 20.
Chenoy is an official in Pakistan's Sindh province. He said Wednesday he reached out to the ship's hijackers through Dubai-based Somali merchants.