<p>The 500-tonne vessel, sailing from Sharjah to Mogadishu, was seized March 28 along with its 154-man crew. <br /><br />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.<br />Bhaya said there has been no ransom demand till date. <br /><br />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.<br />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.</p>
<p>The 500-tonne vessel, sailing from Sharjah to Mogadishu, was seized March 28 along with its 154-man crew. <br /><br />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.<br />Bhaya said there has been no ransom demand till date. <br /><br />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.<br />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.</p>