(Source: BBC)

Somali pirates are reported to have received a total of $12.3m (£7.6m) in ransom money to release two ships. They are believed to have been paid a record $9.5m (£5.8m) for Samho Dream, a South Korean oil tanker, and nearly $2.8m (£1.7m) for the Golden Blessing, a Singaporean flagged ship.

“We are now counting our cash,” a pirate who gave his name as Hussein told Reuters news agency. “Soon we shall get down from the ship.”

News reports indicate the drop was made by a Helicopter. All crew members of the two vessels (five South Koreans and 19 Filipinos in the Korean vessel and 24 Chinese nationals in Singaporean vessel) were reportedly unharmed and sailing out of the area.

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Note: I have a serious question – Now that Security agencies know the location of the pirates, can they be intercepted enroute to the shore?  That would be somewhat cruel but a priceless ordeal to watch. After all, the Wall Street folks get taken to task when their bad work comes to light and it makes for great TV.

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• Report: Somali pirates releases SKorean ship (seattletimes.nwsource.com)
• Report: Somali Pirates Release South Korean Ship (foxnews.com)
• Pirates accept ransom, release supertanker with $160M cargo: report (thestar.com)
• Kenyan court frees 17 suspected Somali pirates (seattletimes.nwsource.com)
• Somali pirates hijack ship with 20 passengers (sfgate.com)
• Somali pirates hijack ship with 20 passengers (ctv.ca)
• Somali Pirates Seize Cargo Ship With 24 Aboard (foxnews.com)
• “Somali pirates get record ransom” and related posts (rocketnews.com)
• German ship freed by Somali pirates (reuters.com)
• Kenya Frees 17 Pirates Caught by U.S. Navy (abcnews.go.com)