When the Gales of November Come Early: the Wreck of the Edmund Fitzgerald, and Modern Maritime Trade with Sal Mercogliano
The Derivative
How Market Forces and Insurance Drive Shipping Decisions
Sal explains freight futures volatility, insurance cost impacts, and how geopolitical risks like Houthi attacks alter routes and rates.
Set sail with maritime historian Sal Mercogliano as we dive deep into the enduring mystery of the Edmund Fitzgerald, a legendary ship lost on the Great Lakes 50 years ago this week. From chilling tales of mariners’ lives and the critical role of iron ore trade, to the evolving challenges facing commercial shipping, this episode explores what really happened that stormy night in 1975—and why the story resonates today. Join host Jeff Malec and Sal for a wide-ranging conversation about Great Lakes lore, the economics and environmental impact of shipping, and what the future holds for this vital but often-overlooked industry. Whether you’re a shipping enthusiast or new to the story, you’ll come away with fresh insights and a newfound appreciation for the ships and people that keep goods moving around the globe. SEND IT!
Chapters:
00:00-00:50= Intro
00:51-4:04= From the High Seas to the Classroom: A Mariner’s Journey and Life Aboard
4:05-19:48= Lost Legends and Great Lakes Mysteries: The Edmund Fitzgerald and Life Aboard
19:49-34:45= From Iron Ore to Global Trade: Modern Shipping, Infrastructure, and Industry Shifts
34:46-39:32=Charting a Greener Course: The Future of Shipping and Environmental Innovation
39:33-57:05= Shipping’s Allure: Public Fascination, Industry Mystique, & Movie magic
From the Episode:
Sal Mercoglianos Youtube Channel - What’s going on with Shipping?
Highlighted Seafaring movies:
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