Ransom Negotiations for Honour 25, Sward, MT Eureka Reach 'Advanced Stage' — Still Unresolved

Ransom negotiations for the 44 crew held aboard Honour 25, Eureka and Sward reached an 'advanced stage,' involving flag states, shipowners and insurers, according to PTI reporting. Payments require vetting against UN, US, UK and EU sanctions lists before disbursement, to avoid running afoul of sanctions law. ReCAAP ISC executive director Vijay D. Chafekar commented on the process, but no payment or release has been confirmed as of this report — all three vessels remain hijacked more than two months after the crisis began.