The UK ship, named Asian Glory, was released along with its 18 seafarers, ten Ukrainian nationals and eight Bulgarian citizens, late on February 18 after the hefty payoff, a Press TV correspondent quoted informed sources as saying.
The ship was sea-jacked while reportedly en route to Saudi Arabia.
Sources say that the freighter, with unconfirmed reports of its weapons and vehicles cargo, has set off from the central Somali port of Hobyo to a destination in Saudi Arabia.
The reports also suggest that most of the cargo ship's load has been looted.
Piracy has become a lucrative business in the high seas surrounding the lawless state in the Horn of Africa, with heavily-armed sea robbers spreading their criminal activities to around 1,000 kilometers away from Somali coastlines.
Source: PRESS TV