Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that M/V Eleni P, a 72,119 dwt, 1997 built Panamax bulk carrier, was safely released along with all of its 23-member crew members from Somali pirates on December 11, 2010. The vessel was originally seized by the pirates on May 12, 2010 while on passage from Yuzhny, Ukraine to China fully loaded with a cargo of Iron Ore.
After her release, the vessel is en route under her own power to a port of refuge. All the crew is as well as it can be expected after their ordeal and they are going to be re-united with their families a few days after arrival at the port of refuge. Following emergency repairs at the port of refuge, the vessel is expected to continue her voyage to the discharging port with a new crew on board.
Aristides Pittas, Chairman and CEO of Euroseas, commented: "We are delighted to report that the Eleni P and its crew have been safely released from the Somali pirates. On behalf of Euroseas and our Board of Directors I would like to thank all the officers, crew members and their families for the bravery, resilience and patience they showed and their support for and confidence in Euroseas throughout this very difficult period. Piracy is a major global concern and whilst gradually the shipping industry is finding the means for limiting economic consequences through various new insurance schemes, clearly this should not make us complacent as it is totally unacceptable in today's modern times for the crew to have to undergo such an ordeal."