Chinese Fishing Vessel Seized by Somali Pirates: $10 Million Ransom Demand Amid Negotiations

Negotiations are currently taking place between a local representative for a Chinese fishing vessel and tribal elders representing pirates who seized the boat off the coast of Somalia. Reports suggest that the demand for the release of the 18 crew members is set at $10 million, following lower offers from the owner’s representatives. The vessel, believed to have been seized in late November, has been moved between various locations by the pirates to avoid detection by the coast guard.

There are unconfirmed reports suggesting that the incident may have been an inside job, with two locals serving as security guards on board the vessel. The ship, reportedly registered in Taiwan, had a fishing license from the local government, which may have expired. Allegedly, the security guards turned on the crew and sided with the pirates. The EU operation Atalanta has been informed and investigated the incident, labeling it as an armed robbery due to the vessel remaining within Somali coastal waters.

Initial reports indicated a ransom demand of $5 million, with offers starting at $300,000 and later raised to $1 million. The pirates have now increased their demand to $10 million during negotiations. Atalanta has documented 20 attacks in 2024, including unsuccessful attempts to seize vessels. They also note the presence of unreported incidents involving smaller vessels. EU forces from Atalanta patrol the regional waters and actively promote safety practices by visiting smaller vessels.

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