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"We've paid the ransom and we are waiting for the pirates to release the Ariana," Spyros Minas, head of Alloceans shipping, declining to disclose the amount of ransom paid.
Maltese-flagged Ariana and its 24 Ukrainian crew were seized on May 2 north of Madagascar en route to the Middle East from Brazil.
Earlier on Thursday, a pirate source that a helicopter had dropped $2.6 million (1.59 million pounds) onto its deck.
"We have taken a $2.6 million ransom to release the Greek ship," one of the gang, Farah, said by telephone. "We are now dividing the money and will disembark in the afternoon."
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