warning Hi, we've moved to USCANNENBERGMEDIA.COM. Visit us there!

Neon Tommy - Annenberg digital news

Somali Pirates Get Largest Ransom Ever

Neon Tommy |
November 6, 2010 | 9:51 a.m. PDT

Somali pirates relinquished control on Saturday of a South Korean oil tanker they have held since April, having received a $9.5 million ransom payment.

That appears to be the highest sum ever paid to pirates, surpassing a $7 million ransom payment made in January.

The South Korean tanker had held $170 million worth of Iraqi crude oil. Twenty-eight other vessels and about 500 hostages remain under control of Somali pirates.



Craig Gillespie directed this true story about "the most daring rescue mission in the history of the U.S. Coast Guard.”

Watch USC Annenberg Media's live State of the Union recap and analysis here.