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The Economic Times

Top News / The Economic Times

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Talks for release of 3 ships held by Somali pirates in advanced stage: Sources

Ransom talks for three hijacked vessels and their crew are progressing well. These negotiations involve registered countries, ship owners, and insurers. Compliance with international sanctions is a key consideration during these discussions. Piracy concerns are causing companies to avoid certain shipping lanes. Meanwhile, piracy incidents in Asian waters have significantly decreased.

16 Jul 2026 1:21 pm