Theresa VIII:ransom exchanged off Haradere

Kiribati Flagged, chemical tanker with a crew of 28 and deadweight of 22, 294 tonnes, has been released by pirates on 16 March 2010. Hijacked in the Somali Basin, 180 MILES North West of the Seychelles, on 17 November 2009, she has been held in the pirate stronghold of Haradera, on the Somali coast.

An unknown ransom was exchanged on the morning of 16 March and the ship is now underway and heading out to sea.

On 16 November a North Korean-crewed, Kiribati-flag, Virgin Islands-owned (operated from Singapore) Chemical Tanker named the MV Theresa VIII was hijacked in the south Somali Basin, 180 nautical miles North West of the Seychelles. Theresa VIII has a deadweight of 22,294 tonnes and a crew of 28 North Koreans.

Vessel's Details:
Ship Type: Tanker - Hazard C (Minor)
Year Built: 1981
Length x Breadth: 56 m X 25 m
DeadWeight: 22294 t
Speed recorded (Max / Average): 14.4 / 13 knots
Flag: Kiribati [KI]
Call Sign: T3RH
IMO: 8105923, MMSI: 529201000

The Gilbert Islands were granted self-rule by the UK in 1971 and gained complete independence in 1979 under the new name of Kiribati. The US also relinquished all claims to the sparsely inhabited Phoenix and Line Island groups in a 1979 treaty of friendship with Kiribati.

The country's capital of Tarawa has historic sites and artefacts where one of the bloodiest battles of World War II took place.

The captain of the Theresa VIII died from gunshot wounds he got during the hijack, the pirates say.

Mr Kuok Khoon Hong, aged 59, is the Co-founder, Chairman and CEO of Wilmar International Limited, Integrated agribusiness. "We own a fleet of liquid bulk vessels to meet part of our transportation needs. The ownership of vessels provides us the flexibility in our merchandising operations."
Wilmar International Group
Wilmar International Ltd.
Previous Directorships
Director: Theresa Shipping Co Pte Ltd

Wilmar Ship Holdings Pte. Ltd., (“WSH”) a wholly-owned ship owner and operator of the
Company, has acquired a 60% interest in Raffles Shipping Corporation Pte. Ltd. (“RSC”). RSC will manage and operate WSH’s fleet of liquid oil tankers.
Investments in associates
The following is the list of associates of the Group
Cosmos Shipping Ltd (4) British Virgin Islands Ship-owning and chartering – 50

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