Rescues at sea, and how to make a fortune

This podcast episode tells the story of Skip, a captain who daringly rescued a tugboat and its crew caught in a storm, subsequently facing a peculiar court battle over the valuation of his heroic act.

Outlines

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Planet Money

Perilous Rescue: Oil Tanker Aids Tugboat in Stormy Seas

The Audacious Rescue Attempt and the Ensuing Legal Battle

Perilous Seas: A Tanker Captain's Daring Rescue Mission

Navigating a Storm: A Perilous Rescue at Sea

Skip's Salvage Rights: A Rewarding Rescue

The Law of Salvage: Rewarding Maritime Heroism

The Economics of Salvage: A Tale of Two Courts

The Complexity of Salvage Law: Balancing Economics and Morality

Skip's Thoughts on the Fairness of the Award

Rescues at sea, and how to make a fortune

Planet Money

00:00Perilous Rescue: Oil Tanker Aids Tugboat in Stormy Seas

Perilous Rescue: Oil Tanker Aids Tugboat in Stormy Seas

03:05The Audacious Rescue Attempt and the Ensuing Legal Battle

The Audacious Rescue Attempt and the Ensuing Legal Battle

06:06Perilous Seas: A Tanker Captain's Daring Rescue Mission

Perilous Seas: A Tanker Captain's Daring Rescue Mission

08:59Navigating a Storm: A Perilous Rescue at Sea

Navigating a Storm: A Perilous Rescue at Sea

11:29Skip's Salvage Rights: A Rewarding Rescue

Skip's Salvage Rights: A Rewarding Rescue

15:19The Law of Salvage: Rewarding Maritime Heroism

The Law of Salvage: Rewarding Maritime Heroism

19:45The Economics of Salvage: A Tale of Two Courts

The Economics of Salvage: A Tale of Two Courts

24:14The Complexity of Salvage Law: Balancing Economics and Morality

The Complexity of Salvage Law: Balancing Economics and Morality

27:53Skip's Thoughts on the Fairness of the Award

Skip's Thoughts on the Fairness of the Award