Poor Guy doing his job on the verge of retirement.... And gets blown away. And the bank sweeps the debt under the carpet . Terrible injustice. Great Doc
@@rorschacht8478 You don't know that. He could have had his underside blown up, but the upper part of his body could have held him alive for a few long minutes or seconds.
@@rorschacht8478 maybe not though... He might have just been incapacitated by the initial blast & burned alive..! That car didn't look too damaged, it was more a fire bomb than an almighty blast bomb.! I'm choosing to believe he was killed outright though because I've seen what happens when a person is trapped in a burning car & I want to sleep tonight.!
American propaganda movie? F that. I stopped watching american movies when USA made the rock a movie star. THE WORST ACTOR EVER!!! He is worse then Steven Segal. Why is he in movies??
So why don’t they? Chuck grenades off the side of the boat at these guys or shoot at them just seems ridiculous that they don’t even try to fight back or defend themselves.
I knew a Swedish guy who had once been an Interpol officer. He had a 30 ft yacht that he burned for insurance. Got away with it, but when he later burned a fishing boat as well, he got caught and went to jail.
May be he is paying higher rates of insurance premiums because of the added risk. But the fact of him owning numerous other ships he is too valuable an asset to be ignored.........
It is known that greek owners are not shying away from sinking their own ship together with full crew for the insurance money, happened to a friend of mine.
What an evil man. At the end of the video he wants the maritime industry to go “it’s not that bad it’s just one bad guy” but it’s not. The maritime industry is absolutely rife with the most vile greedy evil people you can imagine. It is literally cutthroat
All starts from the elites, corporates supported by corrupted Government. It's quite ironic that this honest British was conducting his work with integrity and was murdered and now Britain is doing the same to honest journalist Julian Assage who is being slowly tortured to death in UK prison under orders from US.
This was also covered on BBC Sounds in three 30 minute episodes, The Case of the Brillante Virtuoso. Along with another series, Lost at Seat, looking into disappearances of fisheries observers it makes the maritime industry look like a dangerous lawless place.
Yeah, but this also is very tempting to take an old retired tanker vessel over there to lure their pirates out onto the ocean for them to try to hijack the tanker and when they get close enough to the tanker with their small boats, dump a bunch of rocks over the side into their boats. The rocks would go completely through the bottoms of their boats hulls and sink them leaving them having to swim for miles to get home, or get eaten by sharks. 😁👍
I think you would have to be very naive to believe this kind of behaviour is unusual or even limited to shipping.. corruption and business are the same animal viewed from different ends of the telescope.. and are only divided by the number of zeros in use..
yeah corruption exists in nearly every level in all places from industry to politics to entertainment. It's crazy how much corruption there is, people would be seriously shocked at the type of stuff you can get away with when you have money and power. It's an incredibly dark world we live in.
And "Super" Mario (Illiopoulos) has the biggest feet of ferries (Seajets) in the Aegean Sea. Allthough I go island hopping for 6-7 weeks twice a year in the Aegean, I always plan my trips in a way that I avoid having to use a Seajets ferry.
I am a news watcher and I had never heard of any of this, and I live in the UK. I bet "super" Mario has a bit of trouble trying to get the rest of his fleet covered in the future. As far as it goes it was pretty much doomed to failure - loose lips might sink ships but the loose lips of the people in his employ cost him dear. He should have been made to compensate Mr. Mockett's family for killing him and he should be in jail. Let's just hope nobody messes with the brakes on his toy car.
Tangential: The shipping companies simply made a $ calculation and decided the lives of those on the boats of less value than paying ransom for which they had insurance for vs security. Once it started to get too costly and started to get too much attention from media etc, did they do anything about it and hire security details for those ships. I knew several guys who did that work who put .50 cal bullets into a few pirate boats to let them know this ship was not interested in paying ransom and would end you if you attempted to take the ship. Pirates turned and ran like cowards each time, it got around the ships were now regularly armed, and along with various governments sending ships to protect the shipping lanes and such, the pirate problem dried up. Greed per usual, why it existed in the first place.
They should have a look at how many older vessels, near the end of their service life and fully insured, were steaming circles in the Persian Gulf during the Iraq wars looking for sea mines to run into.
Scary stuff. Sad it cost a man, a Dad, and Grandfather, his life, and no charges were brought against the owner/business man. So what was he killed for? And nobody was punished for that ??? His family has no recourse or any form of justice :( 🧡🙏
Remember the "Lukona" and Proksch? In terms of lives sacrificed in order to commit insurance fraud on the high seas Proksch did quite well too. But at least Proksch got what he deserved for his crimes thanks to a persistent investigative judge. What's funny is that Proksch and this shipowner Iliopoulos guy share a certain similarity in their facial features.
The Titanic was not sunk it was the sister ship the Olympic they changed the name on dry dock after she got damaged by a British war ship. They had no insurance on the Olympic so they sunk it after renaming it the Titanic. If you look at all the details none of the captains moves made sense and their was a ship waiting with blankets right where it sunk after the explosions.
It's called The Outlaw Sea, A World of Freedom, Chaos, and Crime by William Langewiesche and I'm sure others have written on the subject too. Greek shippers wield a huge amount of power in Greece in the government.
You neglected to mention, what happened to the cargo of fuel oil, worth $100 million ? Who owned the cargo? Who chartered the vessel from the Greeks? Was there an insurance claim by cargo owners? Was the ship even loaded with oil? It is not uncommon to make claims for cargo, that is not onboard. Why would the ship owners scuttle a fully laden vessel of oil? There is a potential environmental disaster here? A major ship owner would not take on that sort of risk, endangering their reputation in the tanker market.
This vessel sailing Ukraine for China, as an old quote from my country (BR) that say think so; there is "core" in this mush, maybe is why many of those involved certainly preferred not to explain what happened and leave it alone to avoid greater repercussions
Incredibly interesting story, one can well imagine that a lot more things of that nature happen on the high seas. Cruise ships have also had some unsolved missing persons mysteries.
There’s vids online of people getting shot in water, not Somalia style. A fair few nationalities, Burmese mayyybe, Myanmar area of people. Nuts, they weren’t pirates, more merchant navy but (highly doubtful of their accreditations). Mental
⚓️ Thanks Kit Matt 😎 this is just the tip of the berg, additionally the cargo had probably been sold & seawater substituted. Small boat ops… as in the oil industry tugs barges all sorts of smuggling & trafficking occurs.
Yes, I speculated on that as well, wish they had reported on it. The oil is a seperate policy but I don't know who buys the policy, who owns it while in transit. It would make sense that the shipper needs to insure it?
Our world is a very dark, and disturbing place, and most people have no idea, really, how bad it can be. It's a terrifying shame that, this man had to lose his life in the name of money. On a side note, at the 14:00 mark, doesn't this ship's owner look like Frank Fritz from the TV show American Pickers???
not the first and definetely not the last owner from that country, sorting out his finansials in such a manner. They are famous with their faked disasters in a industry.
...yeah. . . interrogations or some questioning maybe. . . the moment they mentioned the 2 Filipino crew. . .it did interest me because I am a Filipino...
Is beyond believe that small group of pirates take over a gigantic tanker ,when they could be blown off the water, something just don’t make sense with a cargo so big I would think more security is needed to secure the ship
Back in the early 2010's, insurers didn't want to pay for security and instead relied on the naval vessels of European and the US to patrol the area as a deterrent. They got over that pretty quick when they realized how much they were paying in ransom compared to the costs for a couple armed guards on each ship since the navies of the world weren't permitted to actually use force to prevent pirate attacks. Once they started to demand armed security be present on ships traveling around that region, the piracy threat decreased rapidly as the pirates learned that being on a small skiff in the middle of the ocean means you don't have much chance of survival when the ship you're trying to capture suddenly opens fire with machine guns.
Keep in mind that your average cargo ship's crew is pretty small compared with size of the ship.... this tanker was the length of three football fields with multiple levels of corridors & rooms throughout. So it's not so easy to secure & defend all that space with a handful of crew, none of whom are trained in defence & often unable to legally carry a firearm onboard. Pirates would simply climb onboard as far away from the bridge as possible & brandish their weapons knowing the crew had none. Shipping companies don't want to pay for any more crew than they need, so as long as piracy wasn't costing them more than hiring security (and they could rely on navies to patrol the waters), security wasn't a priority.
After my experience working as anesthesiologist, I was taught that the surgeon was totally in charge. First off, I was reminded that the patients are not mine and if the patient dies, everything was my fault. Ask any MD “biggest mistake in my life “.
that's horrible because i know of people going for surgery with almost certainly peak addiction levels of opioids (and the related 'cuts' found in such street supplies) eg: large qty of 'benzos' or the like
Typical Creek Shipowner. They are known for very scummy Business Practice. E.g. do the Crews wait Months for their Salary, if they get paid at all, get spoiled Food or even no Food at all (aka they must catch their own Food) and the Ships generally are dangerous Rustbuckets.
that comment of the seamens to him, he should be with his grandchildren, not there... that must be enough to be in a plot of murdering, if something happens after this threatening manner... Thanks for brining this up
This is exactly why I get upset when I hear police talk about war on drugs. America has a 100 billion dollar market a thirst for drugs so there will be drugs be drugs it's that simple. We need to focus on markets that shouldn't exist like human trafficking Or fraud
The situation near Somalia and the pirates has been terribly distorted. These men were fishermen. Then Chinese fishing boats came in and using drag nets repeatedly for maximum catch DESTROYED the fishing grounds. They may not recover for hundreds of years. Being in a near perpetual state of war the Somali gov't was unable to defend it's territorial waters. Warlords, clans, tribes, gangs, everyone against everyone and starvation rampant as drought destroyed crops. Then waste disposal companies came along and dumped European trash into the waters instead of properly disposing of it. Then more companies this time dumping RADIOACTIVE trash. The Somali's appealed to the international community for help with no luck. So the fishermen have turned to piracy. It would have been far cheaper and easier for the international community to have protected the fishing grounds than letting this problem develop. Not doubt financial advisors told their country's leaders helping was a bad idea. Disgusting at all levels. Oh, and the former fishermen are spending most of their money on drugs.
I worked on cargo ships and oil tankers as a stewardess{in Scandinavian ships} This was prior to Somalian pirates. It was interesting to arrive at a new place constantly. Thieves tried to get on board now and then in the Malacca straight. They just stole the steward's Swedish winter uniforms.
Jurisdiction for any crime committed at sea on a vessel is the sole responsibility of the country which the vessel is flagged under. That and lower taxes are the reason why vessels are flagged to countries like Liberia, instead of the nation where the vessels owners live and operate.
@@Stu-SB It's honestly, pretty messed up that corporations can do this. Cruise liners are flagged to countries with the lowest minimum wage so that they can pay their employees that wage, then when a passenger is injured, they have to file claim in the flagged country where it's prohibitively expensive for them to travel there to take the cruise line to court while the line has lawyers in that nation already. Far massive freight transporters, you have the same issues, where the companies pay the operating taxes to some third world nation with no navy, but then expect the naval forces of the rest of the world to protect their liners from pirates. The US and UK based several ships off the coast of Somalia during the worst of the pirate attacks there, but not a single oceanic merchant vessel or cruise liner is home ported in either country, generating no tax revenue to pay the costs of deploying those ships.
Don't forget the biggest reason which is lax safety inspection licensing. They are called flags of convenience for many reasons but safety is rarely part of the equation.
The last part should have been the first, i.e., "the ship was at the end of it's commercial life" explains it all. Any Greek (particularly if he is from Cyprus) can figure out the rest. I bet all the Philipino crew members are awaiting a call from Iliopoulos for their next employment.
Gawd, this is one industry. Everything from politics to private business has corruption. The more people want something cheap, plentiful... the more an underworld will thrive.
Same Llyods bank. The premiums are millions per year they will never let those go to another insurer. It will be swept under the carpet and it’s all business as usual.
I assume the bank wrote it off in order to keep this criminal as a profitable client, wish it had been addressed. You mentioned the separate insurance policy for the oil, who procures or buys that? Was there oil recovered or did he try and scam that policy as well?
Great show. I'd like to learn more about the financials, though. Perhaps he knew the insurance claim would be mired in years of litigation, prompting a mortgage write-off. But questions remain... Did the ship really have no equity? Why not sell a perfectly functional boat? Useful life? Do boats effectively "wear out"? As long as the hull does not rust through, don't you keep rebuilding the diesel engine and carry on? Was the game to collect 80ish million AFTER the bank had given up on the debt and pocket what would have paid off the first lien in addition to assumed equity?
2 things they need to change. What you said, and that kerch is not in Ukraine, its in Russia! I visited in 2023, from Russia and didnt cross the border into Ukraine. But i was in kerch!
Every large ocean going vessel should be allowed to have flame throwers to ward off pirates. No pirate will get close to a ship if they think a tunnel of liquid fire will engulf them.
Brillant documentary! I hadn't come across the term "security detail" before, but I like it. Is there any maritime authority that regulates the size and power of such "security detail" the ship owner or charterer decides to have on board these days?
Some refer to "Security Details" as "Escort", It is usually contracted to the Navy or Private security companies, i'm not sure there's any regulating body.
Ship owner must have got loan from the bank working hand in gloves with bank employees, offering them handsome rewards. So in the end, only bank desositers in the end lose money. It's always the common people who pay the price.
The ocean is called "the blue shelf" among sailors and fishermen. Anything can be stored on that shelf, and is regular done, never mind rules and regulations. Out of sight is out of mind 💰💰💰🤷🏼
It’s a days old tale: Wherever there’s lucrative businesses generating tons of wealth, $$$ you’ll always find a form of corruption, mistrust and mischievously bad behavior.
Poor Guy doing his job on the verge of retirement.... And gets blown away. And the bank sweeps the debt under the carpet . Terrible injustice. Great Doc
Literally
Horrible stuff. At least the man didn't have a painful passing.
@@rorschacht8478 You don't know that. He could have had his underside blown up, but the upper part of his body could have held him alive for a few long minutes or seconds.
@@rorschacht8478 maybe not though... He might have just been incapacitated by the initial blast & burned alive..!
That car didn't look too damaged, it was more a fire bomb than an almighty blast bomb.!
I'm choosing to believe he was killed outright though because I've seen what happens when a person is trapped in a burning car & I want to sleep tonight.!
a pile of humanoid *rats* .
Capt. David Mockett was a dear, dear friend of mine. 💔
Thank you for telling his story.
very sad, hopefully the Greek owner gets his comeuppance one day soon
Sad how those who seek truth are literally cancelled.
Those responsible will ultimately be held responsible.
Jehovah will have the final say.
@@joecampbell6486 Criminals usually do.
He was my hero
I'm sorry for your loss. Your friend was a brave man.
thanks to Bloomberg for shining a light into one of the murkier corners of the world... genuinely fascinating
Except that it's Bloomberg so I automatically assume liberties are taken with the story for political bent.
This is top shelf journalism. Great work.
90%
Had me intrigued I must admit
Nerds
@@FitnessPlanB fish brain
Its called reading the courts documents
This should be a movie. For one, it’s very exciting and interesting. Two, David Mockett deserves to have his story told and memory honored.
American propaganda movie? F that. I stopped watching american movies when USA made the rock a movie star. THE WORST ACTOR EVER!!! He is worse then Steven Segal. Why is he in movies??
So why don’t they? Chuck grenades off the side of the boat at these guys or shoot at them just seems ridiculous that they don’t even try to fight back or defend themselves.
Wow, I thought the exact same thing!! This documentary has a powerful message. This is just so sad..RIP Capt David Mockett 😥
@@kateapple1 they literally can't carry weapons under international law. they have to use things like water guns or sonic weapons
David was a top surveyor - bravely dealt with a hijacking for our team in Sharjah
I knew a Swedish guy who had once been an Interpol officer. He had a 30 ft yacht that he burned for insurance. Got away with it, but when he later burned a fishing boat as well, he got caught and went to jail.
Beautifully done. It is one of the few news programs that restores my faith in journalism.
Just don't consider the liberal media 'REAL' journalism and you'll be o.k. 😁
if the insurance industry is so convinced of his guilt, then why doesn't it just label him as a pariah and make him uninsurable anywhere?
maybe they did or at least his rates are much higher
They rather go for middle class $50,000 car insurance fraud
Hes white that's why he got off
He's got lots of other ships that need insurance
May be he is paying higher rates of insurance premiums because of the added risk. But the fact of him owning numerous other ships he is too valuable an asset to be ignored.........
It is known that greek owners are not shying away from sinking their own ship together with full crew for the insurance money, happened to a friend of mine.
How do you think Onassis got started ?
For which shipping company did your friend work for?
What an evil man. At the end of the video he wants the maritime industry to go “it’s not that bad it’s just one bad guy” but it’s not. The maritime industry is absolutely rife with the most vile greedy evil people you can imagine.
It is literally cutthroat
They're pirates
Corporate criminals, basically.
@Wall Street Journal FAKE FAKE FAKE
I think piracy is where the term cutthroat came from.
All starts from the elites, corporates supported by corrupted Government. It's quite ironic that this honest British was conducting his work with integrity and was murdered and now Britain is doing the same to honest journalist Julian Assage who is being slowly tortured to death in UK prison under orders from US.
Need more documentaries like this
This was also covered on BBC Sounds in three 30 minute episodes, The Case of the Brillante Virtuoso. Along with another series, Lost at Seat, looking into disappearances of fisheries observers it makes the maritime industry look like a dangerous lawless place.
Yeah, but this also is very tempting to take an old retired tanker vessel over there to lure their pirates out onto the ocean for them to try to hijack the tanker and when they get close enough to the tanker with their small boats, dump a bunch of rocks over the side into their boats. The rocks would go completely through the bottoms of their boats hulls and sink them leaving them having to swim for miles to get home, or get eaten by sharks. 😁👍
@@glenturney4750 nothing wrong with saving out of date flares for such an eventuality.
Lawless Oceans documentary too...
It has been and will always be.Oceans are tooooo large to police
BBC sounds has some fantastic content
That was excellent, I'd never heard of David Mockett or this incident, incisive and well compiled report
I think you would have to be very naive to believe this kind of behaviour is unusual or even limited to shipping.. corruption and business are the same animal viewed from different ends of the telescope.. and are only divided by the number of zeros in use..
Agreed... Very well said!!! 👍
horse racing business comes to mind.
yeah corruption exists in nearly every level in all places from industry to politics to entertainment. It's crazy how much corruption there is, people would be seriously shocked at the type of stuff you can get away with when you have money and power. It's an incredibly dark world we live in.
@@kevinkemble3718
Would you elaborate a bit more on the corruption in the horse racing business?
They should do a movie about this, brilliant story
@Andrew_koala when you're grown....you'll get it or youlll still be blabbing for NOUGHT.
That would be great. Even a mini series for tv. The type of thing that the BBC used to do years ago.
And "Super" Mario (Illiopoulos) has the biggest feet of ferries (Seajets) in the Aegean Sea. Allthough I go island hopping for 6-7 weeks twice a year in the Aegean, I always plan my trips in a way that I avoid having to use a Seajets ferry.
Greek shipping owners are known for this. They are the shadiest people on the world because of the culture around shipping and the laws
I am a news watcher and I had never heard of any of this, and I live in the UK. I bet "super" Mario has a bit of trouble trying to get the rest of his fleet covered in the future. As far as it goes it was pretty much doomed to failure - loose lips might sink ships but the loose lips of the people in his employ cost him dear. He should have been made to compensate Mr. Mockett's family for killing him and he should be in jail. Let's just hope nobody messes with the brakes on his toy car.
Excellent idea. Emagenine living constantly looking over your shoulder and then for the last time. justice. Strikes.
45 years at sea. it is often said, there are two types of ship owner, those that are "doing time" and those that should be.
wow some actual journalism, congrats
I agree, most of these Bloomberg docs have been terrible.This one was exceptional.
Tangential: The shipping companies simply made a $ calculation and decided the lives of those on the boats of less value than paying ransom for which they had insurance for vs security. Once it started to get too costly and started to get too much attention from media etc, did they do anything about it and hire security details for those ships. I knew several guys who did that work who put .50 cal bullets into a few pirate boats to let them know this ship was not interested in paying ransom and would end you if you attempted to take the ship. Pirates turned and ran like cowards each time, it got around the ships were now regularly armed, and along with various governments sending ships to protect the shipping lanes and such, the pirate problem dried up. Greed per usual, why it existed in the first place.
Shipping industry is still very much involved in human trafficking as well.
RIP David. Thank you for sharing this story
They should have a look at how many older vessels, near the end of their service life and fully insured, were steaming circles in the Persian Gulf during the Iraq wars looking for sea mines to run into.
I'd say these insurance companies never pay unless you take them to court .
This is what journalism looks like. Not taking side, just letting the facts speaks for themselves
Scary stuff. Sad it cost a man, a Dad, and Grandfather, his life, and no charges were brought against the owner/business man. So what was he killed for? And nobody was punished for that ??? His family has no recourse or any form of justice :( 🧡🙏
Dead people don't talk . Prove it was them who done it . The law is designed to protect those who do the worst
Palestine and Iraq have had no justice yet
Globalist politics...what can you do? Justice is a fantasy unexistant in real life.
yes mam
Remember the "Lukona" and Proksch? In terms of lives sacrificed in order to commit insurance fraud on the high seas Proksch did quite well too. But at least Proksch got what he deserved for his crimes thanks to a persistent investigative judge. What's funny is that Proksch and this shipowner Iliopoulos guy share a certain similarity in their facial features.
The Titanic was not sunk it was the sister ship the Olympic they changed the name on dry dock after she got damaged by a British war ship. They had no insurance on the Olympic so they sunk it after renaming it the Titanic. If you look at all the details none of the captains moves made sense and their was a ship waiting with blankets right where it sunk after the explosions.
It's called The Outlaw Sea, A World of Freedom, Chaos, and Crime by William Langewiesche and I'm sure others have written on the subject too. Greek shippers wield a huge amount of power in Greece in the government.
You neglected to mention, what happened to the cargo of fuel oil, worth $100 million ? Who owned the cargo? Who chartered the vessel from the Greeks? Was there an insurance claim by cargo owners? Was the ship even loaded with oil? It is not uncommon to make claims for cargo, that is not onboard. Why would the ship owners scuttle a fully laden vessel of oil?
There is a potential environmental disaster here? A major ship owner would not take on that sort of risk, endangering their reputation in the tanker market.
This vessel sailing Ukraine for China, as an old quote from my country (BR) that say think so; there is "core" in this mush, maybe is why many of those involved certainly preferred not to explain what happened and leave it alone to avoid greater repercussions
Incredibly interesting story, one can well imagine that a lot more things of that nature happen on the high seas. Cruise ships have also had some unsolved missing persons mysteries.
Same thing with fishing boats... our landlord ( admittedly a piece of "work") in Japan mysteriously didn't make it back one trip.
Most cruise ship missing persons are from jumpers that no one saw jump
There’s vids online of people getting shot in water, not Somalia style. A fair few nationalities, Burmese mayyybe, Myanmar area of people. Nuts, they weren’t pirates, more merchant navy but (highly doubtful of their accreditations).
Mental
@@headaqe1708 two of those from Australia a few years ago..a young married couple, complete mystery!!
@@JTA1961 Titanic
Amazing things happen in maritime business. I worked in related business for 10 years and very strange things happen......and no one looks !
True, this is a bilionary "invisible" industry!!!
Always a great story when these two journalists are involved 👍
Well done. I wish journalism could be like this again... make it so!
More such investigative journalism pls.
⚓️ Thanks Kit Matt 😎 this is just the tip of the berg, additionally the cargo had probably been sold & seawater substituted. Small boat ops… as in the oil industry tugs barges all sorts of smuggling & trafficking occurs.
Yes, I speculated on that as well, wish they had reported on it. The oil is a seperate policy but I don't know who buys the policy, who owns it while in transit. It would make sense that the shipper needs to insure it?
Our world is a very dark, and disturbing place, and most people have no idea, really, how bad it can be. It's a terrifying shame that, this man had to lose his life in the name of money. On a side note, at the 14:00 mark, doesn't this ship's owner look like Frank Fritz from the TV show American Pickers???
A bit, yeah.
There are things that you know, things that you don’t, and there are things that you don’t even know you don’t know.
@@112chapters3 And there are things that you know, that you wish you did not know.
@@PaganWizard ha, my guy, ha there certainly is
Edit : who told you?
@@112chapters3 Trust me, you don't want to know.
not the first and definetely not the last owner from that country, sorting out his finansials in such a manner. They are famous with their faked disasters in a industry.
You mean the Greeks are famous as frauds?
Very impressive piece of investigative journalism 👌 👍
They didn’t say anything about the crew
They had a scare but were ok in the end. One of them was probably involved but was never charged or anything.
...yeah. . .
interrogations or some questioning maybe. . .
the moment they mentioned the 2 Filipino crew. . .it did interest me because I am a Filipino...
Top quality content should have millions of views 👍👍
Such a horrible thing that happened from these people who did this.
Is beyond believe that small group of pirates take over a gigantic tanker ,when they could be blown off the water, something just don’t make sense with a cargo so big I would think more security is needed to secure the ship
Back in the early 2010's, insurers didn't want to pay for security and instead relied on the naval vessels of European and the US to patrol the area as a deterrent. They got over that pretty quick when they realized how much they were paying in ransom compared to the costs for a couple armed guards on each ship since the navies of the world weren't permitted to actually use force to prevent pirate attacks. Once they started to demand armed security be present on ships traveling around that region, the piracy threat decreased rapidly as the pirates learned that being on a small skiff in the middle of the ocean means you don't have much chance of survival when the ship you're trying to capture suddenly opens fire with machine guns.
Keep in mind that your average cargo ship's crew is pretty small compared with size of the ship.... this tanker was the length of three football fields with multiple levels of corridors & rooms throughout. So it's not so easy to secure & defend all that space with a handful of crew, none of whom are trained in defence & often unable to legally carry a firearm onboard. Pirates would simply climb onboard as far away from the bridge as possible & brandish their weapons knowing the crew had none. Shipping companies don't want to pay for any more crew than they need, so as long as piracy wasn't costing them more than hiring security (and they could rely on navies to patrol the waters), security wasn't a priority.
I think they also were concerned about liability for fighting back, because they seemed pretty slow to do so, I think even after getting armed guards.
@@nobodyspecial4702 Asian navy too, ie PLAN & such. Of course, most Western media conveniently blur that out .
@@seandelaney1700 what liability? Nobody's gonna care about a bunch of deceased pirates.
My buddy's uncle was a commerical fisherman. He had some unbelievable stories.
I'm starting to think he wasn't bullshiting ......
Wonderful story, thanks Bloomberg!!
After my experience working as anesthesiologist, I was taught that the surgeon was totally in charge. First off, I was reminded that the patients are not mine and if the patient dies, everything was my fault. Ask any MD “biggest mistake in my life “.
that's horrible because i know of people going for surgery with almost certainly peak addiction levels of opioids (and the related 'cuts' found in such street supplies) eg: large qty of 'benzos' or the like
A truly great story, matched with great journalism. Thanks Bloomberg!
Killed a man over a insurance fraud discusting
Yeah we saw the towers doco too
even more disgusting that there was no punishment for his crimes
I've been watching storyline for the past 3 hours. These are amazing investigative journalism stories
Wonderful job from Bloomberg...very scarce news about this topic...belive this is unique!!!
Great documentary!!
"Too difficult to prosecute a case"? Call the SAS.
David Lockets family must be totally devastated. He was not only murdered but totally abandoned by the UK and Lloyds by the sound of it.
Top notch journalism 🇬🇧
18:15. Notice how everything being said about the ship owner could also be true about the insurance company
Boy, that Greek shipowner was a real sweetheart... 🙄
Typical Creek Shipowner. They are known for very scummy Business Practice. E.g. do the Crews wait Months for their Salary, if they get paid at all, get spoiled Food or even no Food at all (aka they must catch their own Food) and the Ships generally are dangerous Rustbuckets.
Thanks for the very well done and enlightening film!
Very unfortunate for David Mockett...
that comment of the seamens to him, he should be with his grandchildren, not there...
that must be enough to be in a plot of murdering, if something happens after this threatening manner...
Thanks for brining this up
Great journalism and a great video
This is exactly why I get upset when I hear police talk about war on drugs. America has a 100 billion dollar market a thirst for drugs so there will be drugs be drugs it's that simple.
We need to focus on markets that shouldn't exist like human trafficking Or fraud
2 Canadians 🇨🇦 living in Mexico Yucatan Peninsula praying for humanity 🙏🥰
Praying is literally the least thing anyone can do
The situation near Somalia and the pirates has been terribly distorted.
These men were fishermen. Then Chinese fishing boats came in and using drag nets repeatedly for maximum catch DESTROYED the fishing grounds. They may not recover for hundreds of years.
Being in a near perpetual state of war the Somali gov't was unable to defend it's territorial waters. Warlords, clans, tribes, gangs, everyone against everyone and starvation rampant as drought destroyed crops.
Then waste disposal companies came along and dumped European trash into the waters instead of properly disposing of it.
Then more companies this time dumping RADIOACTIVE trash.
The Somali's appealed to the international community for help with no luck.
So the fishermen have turned to piracy.
It would have been far cheaper and easier for the international community to have protected the fishing grounds than letting this problem develop. Not doubt financial advisors told their country's leaders helping was a bad idea.
Disgusting at all levels.
Oh, and the former fishermen are spending most of their money on drugs.
Very interesting story of a world that I have no clue of - and after watching this never ever want to get into …
Well researched Documentary. David Mockett's family must feel so much hurt.
9:00 should've listened to the captain. when talking of hundreds of millions of dollars, sometimes you are way above your head.
Amazing video as always.
This is literally a ready movie script.
Agreed
I worked on cargo ships and oil tankers as a stewardess{in Scandinavian ships} This was prior to Somalian pirates. It was interesting to arrive at a new place constantly. Thieves tried to get on board now and then in the Malacca straight. They just stole the steward's Swedish winter uniforms.
U sound like you had a part in this
Reminds me of the movie “captain Phillips”….. this story is so interesting . TH-cam brings real news that I would have never heard about !
This could legitimately be made into a movie
there are many many books with very similar stories, some fact some fiction.
Excellent presentation, totally enjoyed it
I really enjoyed learning about this murky world. Thankyou guys, well presenred✌🏻
Jurisdiction for any crime committed at sea on a vessel is the sole responsibility of the country which the vessel is flagged under. That and lower taxes are the reason why vessels are flagged to countries like Liberia, instead of the nation where the vessels owners live and operate.
That whole ship registration thing is cloak and dagger.
@@Stu-SB It's honestly, pretty messed up that corporations can do this. Cruise liners are flagged to countries with the lowest minimum wage so that they can pay their employees that wage, then when a passenger is injured, they have to file claim in the flagged country where it's prohibitively expensive for them to travel there to take the cruise line to court while the line has lawyers in that nation already.
Far massive freight transporters, you have the same issues, where the companies pay the operating taxes to some third world nation with no navy, but then expect the naval forces of the rest of the world to protect their liners from pirates. The US and UK based several ships off the coast of Somalia during the worst of the pirate attacks there, but not a single oceanic merchant vessel or cruise liner is home ported in either country, generating no tax revenue to pay the costs of deploying those ships.
Don't forget the biggest reason which is lax safety inspection licensing. They are called flags of convenience for many reasons but safety is rarely part of the equation.
The last part should have been the first, i.e., "the ship was at the end of it's commercial life" explains it all. Any Greek (particularly if he is from Cyprus) can figure out the rest. I bet all the Philipino crew members are awaiting a call from Iliopoulos for their next employment.
I love programs like this !!!!!
Great docu. I was transfixed throughout. 5 stars
The love of money is the root of all kinds of evils.
Gawd, this is one industry. Everything from politics to private business has corruption.
The more people want something cheap, plentiful... the more an underworld will thrive.
So my question is: who is ever going to insure anything this man touches ever again?
Same Llyods bank. The premiums are millions per year they will never let those go to another insurer. It will be swept under the carpet and it’s all business as usual.
I assume the bank wrote it off in order to keep this criminal as a profitable client, wish it had been addressed. You mentioned the separate insurance policy for the oil, who procures or buys that? Was there oil recovered or did he try and scam that policy as well?
Very enjoyable indeed and well explained to, top stuff cobba.. ...
Great show. I'd like to learn more about the financials, though. Perhaps he knew the insurance claim would be mired in years of litigation, prompting a mortgage write-off.
But questions remain...
Did the ship really have no equity?
Why not sell a perfectly functional boat?
Useful life? Do boats effectively "wear out"? As long as the hull does not rust through, don't you keep rebuilding the diesel engine and carry on?
Was the game to collect 80ish million AFTER the bank had given up on the debt and pocket what would have paid off the first lien in addition to assumed equity?
Bomb under the front seat. The injuries must have been horrible. Rest in Peace.
Wow, that's a lot of cargo. A typical Target sells $50 million worth of stuff in a year, or around $1 million a week.
can someone please explain to me why Iliopoulos didn't go to jail even though the court found him guilty of orchestrating the entire scheme????
Please correct the description. The ship was not "drifting" but under way from Ukraine to China.
2 things they need to change. What you said, and that kerch is not in Ukraine, its in Russia! I visited in 2023, from Russia and didnt cross the border into Ukraine. But i was in kerch!
Nice job reporting
What about the security detail on the boat? Why should the two men watching aboard the ship be afraid?After all,security was present.
Agreed... Very well said!!! 👍
Every large ocean going vessel should be allowed to have flame throwers to ward off pirates. No pirate will get close to a ship if they think a tunnel of liquid fire will engulf them.
Liquid fire onboard a tanker full of flammable oil what could go wrong
Brillant documentary! I hadn't come across the term "security detail" before, but I like it. Is there any maritime authority that regulates the size and power of such "security detail" the ship owner or charterer decides to have on board these days?
Some refer to "Security Details" as "Escort", It is usually contracted to the Navy or Private security companies, i'm not sure there's any regulating body.
Yes, the term “escort” is clearer. Thanks Henry.
Crazy world. Superb investigation
International waters without laws mean the right of the strongest. More than ever.
there are laws
Fabulous report ‼️ Totally sad no one was brought to trial for the fire and the fraud. Boooooo to the bank that wrote of the loan debt.
Ship owner must have got loan from the bank working hand in gloves with bank employees, offering them handsome rewards.
So in the end, only bank desositers in the end lose money. It's always the common people who pay the price.
The ocean is called "the blue shelf" among sailors and fishermen. Anything can be stored on that shelf, and is regular done, never mind rules and regulations.
Out of sight is out of mind 💰💰💰🤷🏼
It’s a days old tale: Wherever there’s lucrative businesses generating tons of wealth, $$$ you’ll always find a form of corruption, mistrust and mischievously bad behavior.
This should be made into a story.
Excelente documentário! Parabéns pela oportunidade de conhecer a realidade daqueles que precisam trabalhar no mar pra sustentar seus familiares.