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Vessel release: traders elated
DUBAI — Following release of the UAE flagged ship MV Veesham I from the pirates in Somalia on Monday,
UAE-based traders have heaved a sigh of relief and expressed their satisfaction over the assurance by the Islamic Court government to put an end to piracy in the Somali waters.
“We have been assured that piracy will end in Somalia,” Ajay Kumar Bhatia, managing director of Veesham Shipping Incorporation which owns the vessel said yesterday, celebrating the safe release of his crew and the vessel from the hijackers without paying ransom of $150,000.
He said the representative of the Islamic Court and a Somali businessmen in Dubai had assured the local business community of all cooperation in trade and security from the new Somali government.
“The 10 pirates on board the vessel have been arrested and will be tried according to the Shariah laws. They will possibly be facing death sentence soon,” Bashir Addou, Somali businessmen and Islamic Court representative in Dubai said.
He said his government was ''very clear on ending the insecurity threats of pirates faced by the shipping companies and traders off the Somali coasts.''
“The successful release of MV Veesham I by the Islamic Court soldiers without any harm caused to the crew or payment of ransom, is perhaps the first such case in the history of piracy in the region. To date, over 41 cases of vessel hijacking in the Somali waters have been reported and each of this case ended up by paying ransom of up to $70,000. But, this is the first case where a ship was successfully freed without paying the ransom amount,” Addou said. He said under the new government, pirates will face death penalties in Somalia and this "we hope, will deter any further hijacking attempts in the future.''
Bhatia who was happy about the support received from the Somali businessmen and community members in the UAE and the Islamic Court said, he would continue to trade with Somalia. “This incident had upset me a bit initially, but the support and involvement of the new ruling government in Somalia has assured me to continue trade ties with Somalia.”
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