Trade, insurance, and the calculus of risk

James and Gare talk about the world of private maritime security, pirates, and the strait of Hormuz.

Sources:

https://www.register-iri.com/wp-content/uploads/MN-2-011-39.pdf

https://en.mercopress.com/2009/04/26/cruise-ship-melody-fended-off-a-pirate-attack 

https://www.jstor.org/stable/48821900?searchText=&searchUri=&ab_segments=&searchKey=&refreqid=fastly-default%3Aa5c02fb4e4aea98208bb9f0b37780d3b&initiator=recommender&seq=1 

https://abcnews.com/Business/International/pirates-attack-us-flagged-maersk-alabama/story?id=9114429 

https://www.ospreyobserver.com/2011/11/riverview-resident-receives-commemorative-knife-after-surviving-pirate-attack/

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