In recent months the number of pirate attacks along Somalia’s coast has dropped, but an estimated 97 seafarers remain in the hands of pirates. Many of these hostages are uninsured and negotiations for their release have come to a standstill.
For two years and nine months now, Somali pirates have held the crewmembers of the Malaysian flagged MV Albedo. The hostages were confined to the vessel until it sank last month, when four of the fifteen men went missing.
The Albedo was uninsured and its Iranian owner has disappeared, leaving nobody to foot the ransom bill for the 11 remaining hostages.