A hijacked Saudi-owned supertanker carrying more than $100 million worth of crude oil is approaching Somali waters where it is expected to anchor so that negotiations can begin on the release of the vessel and its 25 crew, United States navy officials said Tuesday.

The vessel, the 1,080-foot Sirius Star, is the largest ship ever seized by pirates — three times the size of an aircraft carrier, by American estimates — and was captured off the coast of Kenya.

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source: International Herald Tribune