|South Korean oil tanker Sanho Dream: BBC News|
Somali pirates are reported to have received a total of $12.3m (£7.6m) in ransom money to release two ships.
They are believed to have been paid a record $9.5m (£5.8m) for Samho Dream, a South Korean oil tanker, and nearly $2.8m (£1.7m) for the Golden Blessing, a Singaporean flagged ship.
"We are now counting our cash," a pirate who gave his name as Hussein told Reuters news agency. "Soon we shall get down from the ship."
All crew are believed to be unharmed.
The Samho Dream supertanker was hijacked in the Indian Ocean in April and its crew of five South Koreans and 19 Filipinos were taken hostage. It was carrying crude oil worth $170m (£105m) from Iraq to the US.
Although released it is still within Somali waters and the ship's 24 crew members are said to be in good condition.
(Click here to read the full story on the BBC News website.)