Maritime Security

MV OLIB G released after 16 months in captivity at the hands of Somali pirates

It has been reported that Somali pirates have released the Maltese-flagged tanker MV OLIB G that was hijacked in the Gulf of Aden on September 8, 2010.

MV Olib G had a crew of 18 onboard, consisting of 15 Georgians and 3 Turks.  The vessel was originally hijacked inside the IRTC heading West.

The vessel was believed to have been sailing on ballast when hijacked raising a number of suspicions relating to its intentions.

A ransom is said to have been air dropped at sea for the release of the vessel and crew.

MV Olib G is owned by Frio Maritime SA of Athens, Greece.