Dubai, July 11 - A cargo vessel with 15 Indian crew members was hijacked off the port city of Bosasso in Somalia, a media report said Saturday.

'A sea-jacking of an Indian cargo vessel with around 15 Indian crew (took place) around lunchtime (Friday) just 14 nautical miles off the port city of Bosasso in the semi-autonomous north-eastern region of Somalia,' australia.to website reported.

The vessel was captured after it had unloaded goods from the UAE at the Somali harbour from where it was sailing off.

Initial reports indicate of business deal gone sour.

The vessel is said to operate regularly between Saudi Arabia and the African coast and 'had brought sugar in a deal brokered by Dahabshil (hawala money transfer operator),' the report said.