Chapter
The Business of Piracy
09:51 - 15:16 (05:24)
The Somali pirates were able to stop huge tankers carrying billions worth of cargo with just a small motorboat and a few men, which seems almost impossible, but demonstrated a thriving business model.
Clips
The peak of Somali piracy in 2011 highlighted how a small wooden boat with a couple of men were able to stop huge tankers moving at full speed, leading to movies like Captain Phillips.
09:51 - 11:20 (01:29)
Summary
The peak of Somali piracy in 2011 highlighted how a small wooden boat with a couple of men were able to stop huge tankers moving at full speed, leading to movies like Captain Phillips. This podcast explains the way modern piracy works and how ships can protect themselves.
ChapterThe Business of Piracy
Episode#478 - Kit Chellel - The Wild Hijacking Of A $100 Million Supertanker
PodcastModern Wisdom
The MO of the Somali pirates would be they had a skiff, which is a tiny little motorboat quite quick carrying maybe, you know, six or seven guys.
11:20 - 13:33 (02:12)
Summary
The MO of the Somali pirates would be they had a skiff, which is a tiny little motorboat quite quick carrying maybe, you know, six or seven guys. These pirates once managed to extract over a billion dollars in ransom payments from the shipping industry.
ChapterThe Business of Piracy
Episode#478 - Kit Chellel - The Wild Hijacking Of A $100 Million Supertanker
PodcastModern Wisdom
The risks of waiting on an unguarded yacht in the middle of the night in a heavily pirated area and the safer alternative of traveling with a naval convoy are discussed.
13:34 - 15:16 (01:42)
Summary
The risks of waiting on an unguarded yacht in the middle of the night in a heavily pirated area and the safer alternative of traveling with a naval convoy are discussed.