The $2.85m ransom payment to release the Malaysian boxship Albedo is still unpaid following the serious illness of its owner.
The 1,066–teu vessel (built 1993) was seized off Somalia 18 months ago with 22 men on board.
Families of the mostly Pakistani crew have raised $1.1m towards the payment from philanthropists. The fee has been termed “expenses” for the pirates’ time and costs.
But
