They initially demanded a ransom of $20m, but reports suggest that a figure of $3.2m (£2.2m) was agreed, following months of negotiations.
"We have released MV Faina. There were only three boys remaining and they delayed the release for one hour, but now the ship is free," one of the pirate leaders, Sugule Ali, told AFP news agency by phone.
"No huge amount has been paid, but something to cover our expenses," he added
I really like that, it's only fair they get a little something to cover the expenses of them stealing the ship.
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