Somali pirates freed the Liberian-flagged container ship MV PANAMA seized last December after receiving a $7 million ransom on Tuesday, pirates holding the ship told Reuters.

<p>Pirates holding the Ukrainian merchant vessel MV Faina on the deck of the ship while off the coast of Somalia, October 19, 2008. REUTERS/Jason R. Zalasky, U.S. Navy/Handout </p> ...