Somali Pirates Release Ukrainian Ship

Somali pirates demanded the biggest ransom ever — $20 million — when they snatched a Ukrainian shipped loaded with tanks and other valuable weapons. That was last September. The pirates are leaving the ship. A Russian news service says the pirates agreed to about $3 million in ransom.

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RENEE MONTAGNE, host:

Good morning. I'm Renee Montagne.

The plunging value of banks, oil, houses, now includes loot taken by pirates. Somali pirates reportedly demanded the biggest ransom ever, $20 million, when they snatched a Ukrainian ship loaded with tanks and other valuable weapons. That was last September. Today, the pirates are leaving the ship after settling, according to a Russian news service, for just over $3 million. It was apparently dropped onto the ship.

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