3min chapter

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#478 - Kit Chellel - The Wild Hijacking Of A $100 Million Supertanker

Modern Wisdom

CHAPTER

Lloyds of London

Lloyds is the market where you buy insurance for anything big if you want to launch a space rocket, or carry a million barrels of ore from ukrane to china. You can't get your bank loans without getting insurance. Salvage crews are like the emergency service of the ocean. They 're these guys who roam around looking for shipping accidents and they show upon the scene as fast as they can. If you're a salvage crew and you youget one of these ships that run aground, and you're first on the scene and you rescue it as a huge payout. So it's a crazy risky, dangerous, but very lucrative business.

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