The 500-tonne vessel, sailing from Sharjah to Mogadishu, was seized March 28 along with its 154-man crew.
Confirming the release of the vessel, Adam Bhaya, secretary of Cargo Vessels Association, Gujarat, expressed the hope that the remaining cargo vessels would also be released soon.
Bhaya said there has been no ransom demand till date.
According to sources, the Dubai-based traders and cargo vessel owners were using intermediaries to reach Somalian authorities and ensure the release of the vessels.
Meanwhile, cargo vessel owners from India, Pakistan and the United Arab Emirates (UAE) early this week decided against venturing forth in the pirate-infested seas until security is provided to them and the hijacked vessels released.
Published 03 April 2010, 14:56 IST