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Reports say Somali pirates release Malaysian ship
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15:35, August 03, 2009

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The Malaysian ship Masindra 7 held by Somali pirates for months has been released, according to agencies' reports on Monday.
The vessel belonging to a Malaysian firm was released on Saturday. All the crew members have also been set free and are in good health, said the reports.

The Masindra 7 was captured by the pirates in mid December, added some of the reports.

The development came after Somali pirates last month released a German-owned cargo ship they seized in the Gulf of Aden in May.

Andrew Mwangura, the East Africa's Coordinator of Seafarers Assistance Program (SAP), had said the MV Victoria and its 11 Romanian crew members were freed.  

Insecurity in the Somali waters has pushed up insurance premiums and resulted in high freight costs. 

Shipping companies last year handed over about 80 million U.S. dollars in ransom payments to Somali pirates.

The Horn of Africa nation has been without an effective government since 1991, fuelling the lawlessness which has allowed the pirates to thrive.

Source: Xinhua

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