A South Korean fishing boat that was hijacked by Somali pirates last October has been released along with its 43 crew members. The release of the 241-ton Geummi 305 came Wednesday, 124 days after the ship was hijacked.

A South Korean official taking part in the negotiations on the ship’s release said that the ship, carrying two Koreans, two Chinese and 39 Kenyans aboard, had left Somali waters at around 9 a.m. local time (3 p.m. KST) on Wednesday.

The ship is currently moving to international waters after being released from the Somali port of Haradere.

The pirates that had hijacked the Geummi 305 initially requested ransom of six-point-seven billion won but later lowered it to 600 million won.

The South Korean Foreign Ministry says the pirates apparently decided to release the ship without getting ransom given that the ship’s captain, Kim Dae-geun, has debts and therefore has no means to pay the ransom.

The trawler was hijacked on October ninth last year while fishing for crab in waters near the Kenyan island of Lamu in the Indian Ocean.