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Dead in the Water

A True Story of Hijacking, Murder, and a Global Maritime Conspiracy

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Hardcover
$29.00 US
6.3"W x 9.3"H x 1"D   | 18 oz | 12 per carton
On sale May 03, 2022 | 288 Pages | 978-0-593-32923-8
Financial Times Book of the Year
An Economist Best Book of the Year


“A triumph of investigative journalism.” —Tom Wright, New York Times bestselling coauthor of Billion Dollar Whale

“A fascinating read. Highly recommended!”-John Carreyrou, bestselling author of Bad Blood

 
"Truly one of the most nail-biting, page-turning, terrifying true-crime books I've ever read." —Nick Bilton, New York Times bestselling author of American Kingpin

From award-winning journalists Matthew Campbell and Kit Chellel, the gripping, true-crime story of a notorious maritime hijacking at the heart of a massive conspiracy—and the unsolved murder that threatened to unravel it all.

In July 2011, the oil tanker Brillante Virtuoso was drifting through the treacherous Gulf of Aden when a crew of pirates attacked and set her ablaze in a devastating explosion. But when David Mockett, a maritime surveyor working for Lloyd’s of London, inspected the damaged vessel, he was left with more questions than answers. How had the pirates gotten aboard so easily? And if they wanted to steal the ship and bargain for its return, then why did they destroy it? The questions didn’t add up—and Mockett would never answer them. Soon after his inspection, David Mockett was murdered. 
 
Dead in the Water is a shocking expose of the criminal inner workings of international shipping, told through the lens of the Brillante hijacking and its aftermath. Through first-hand accounts of those who lived it—from members of the ship’s crew and witnesses to the attacks, to the ex-London detectives turned private investigators seeking to solve Mockett’s murder and bring justice to his family—award-winning Bloomberg reporters Matthew Campbell and Kit Chellel piece together the astounding truth behind one of the most brazen financial frauds in history.
 
The ambitious culmination of more than four years of reporting, Dead in the Water uncovers an intricate web of conspiracy amidst the lawless, old-world industry at the backbone of our new global economy.
A Financial Times Business Book of the Year
An Economist Best Book of the Year
Winner CrimeCon's UK Book of the Year


"A rich story of fake piracy and a global conspiracy...On one level, Dead in the Water is a masterpiece of explanatory journalism...Campbell and Chellel report and explain it masterfully, giving us an account that is both enlightening and thoroughly engaging.”
--Mark Bowden, The New York Times
 
“Triumphant…in part a well-written, well-paced thriller. But it is also a morality tale….At the heart of the story is at least one still unsolved murder…Dead in the Water makes a compelling case that those handling Russian oligarchs’ riches are not the only ones overdue for a rethink.”
--Robert Wright, The Financial Times

Dead in the Water tells a startling tale of fraud and impunity at sea…exposes the dark, barnacle-encrusted goings-on beneath the shipping industry’s waterline…gripping.”
--The Economist

“In gripping style…[Campbell and Chellel] not only explain an esoteric corner of the world economy but relish the juicy contrasts between the Latin-quoting English barristers and the thuggish ship salvagers, between the squeamish insurance men and the resolute ex-coppers."
--The Wall Street Journal

"Dead in the Water is an expertly constructed crime thriller—the sort of work of narrative nonfiction that seems destined for a film adaptation. It is also an unexpected case study in the way that fraud has permeated the global economy, undermining democratic governance by both feeding off and facilitating government corruption."
--The New Republic

“A jaw-dropping story that weaves its way, drone-like, through a dizzying variety of locales, from the deck of Brillante itself to the interior of a rusted Yemeni salvage tug to Lloyd’s of London’s 14-storey glass and mahogany atrium to the backstreets of Piraeus, Greece’s shipping capital, and points in between. When an author (or in this case, authors) can keep you eagerly turning the pages in an underwriters’ room, you know you’re in good hands.”
--The Globe and Mail

"Truly one of the most nail-biting, page-turning, terrifying true-crime books I've ever read."
--Nick Bilton, New York Times bestselling author of American Kingpin

“A triumph of investigative journalism.”
--Tom Wright, New York Times bestselling coauthor of Billion Dollar Whale
 
“A spectacular book about business, shipping, piracy and international intrigue that will make you never look at buying fast fashion or filling up your gas tank the same way again.”
--Katherine Howe, #1 New York Times bestselling coauthor of Vanderbilt: The Rise and Fall of an American Dynasty

“I read Dead in the Water in one sitting, and I know it'll stay with me for a long time. It’s modern capitalism in a microcosm, and it’s written like a thriller."
--Oliver Bullough, author of Moneyland
 
"A brilliant exposé of corruption and malfeasance on the high seas. Campbell and Chellel reveal the darkest secrets of an industry that makes the modern world go round."
--Ian McGuire, author of The North Water and The Abstainer

"At once devastating and riveting, Dead in the Water is a story of human tragedy and a skilled investigation of crime, money, and power. Matthew Campbell and Kit Chellel have written an urgent, essential book about the hidden relationships that underpin the global economy – and the brutal cost of getting in their way."
--Katie Engelhart, author of The Inevitable

“If you want to understand the finance industry’s role in global dysfunction, read this book."
--
Carson Block, founder of Muddy Waters Research
Matthew Campbell is an award-winning reporter and editor for Bloomberg Businessweek magazine, covering major political and busi­ness stories across the Asia-Pacific region. He has reported from more than twenty countries on subjects including crime, terrorism, climate change, and public health.

Kit Chellel is a reporter at Bloomberg and a writer for Bloomberg Businessweek magazine. He has won numerous international prizes for his work, covering everything from Chinese state hackers and feuding hedge funds to shady Nigerian oil deals and Irish sectarian gangsters.

INTRODUCTION
 
The oceans make the modern economy possible, providing the most convenient and affordable means to move the things we buy, sell, build, burn, eat, wear, and throw away. On any given day, sneakers stitched together in Cambodian sweatshops are packed into forty-foot containers, then winched by dockside cranes into ships bound for Europe, where they will line the shelves of big-box stores. Oil sucked from a 150-million-year-old deposit beneath the Saudi desert travels the aquatic highway of the Suez Canal, ultimately filling the tanks of Ford sedans in New Jersey. Iron ore gouged from the red earth of Western Australia is loaded into cavernous bulk carriers and shipped to China, where it’s forged into the steel that frames Shanghai skyscrapers.
 
Without seaborne trade, there would be no smartphones, and no glass of red wine with dinner. Without tankers to distribute it cheaply and efficiently, there would be no economic way to extract much of the natural gas that heats our homes, nor the fuel that allows us to fly off on vacations and business trips. The evolution of the shipping business to enable this commerce is one of the most remarkable achievements of capitalism, a symphony of technical and financial innovations that have drastically reduced the cost, and increased the reliability, of long-distance trade.
 
Yet the industry’s success has also, curiously, led it to become largely invisible. The world’s greatest cities—London, New York, Tokyo—were once dominated by their ports, their streets crowded with the sailors and dockworkers who made them run. But as ever-larger vessels required ever-larger quays, and robotic cranes replaced longshoremen’s brawn, the ports moved away, to obscure locales like Felixstowe and Port Elizabeth. Eventually the sailors also receded from view—some made obsolete by automation, the rest pushed out by cheaper, less demanding workers from developing countries. Even more than power lines or sewer pipes, ships slipped into the background of modern life, not so much taken for granted as barely noticed at all. As consumers, we’ve never before had access to such a bounty of goods, and we’ve never had to think so little about how they come into our possession.
 
The story told here centers on just one vessel, a rusting hulk of an oil tanker called the Brillante Virtuoso. It is the product of more than four years of reporting, drawing on tens of thousands of pages of documents as well as interviews with more than 75 people involved in the events concerned. No scenes or dialogue have been invented or embellished for dramatic purposes; all are based on the recollections or contemporaneous notes of direct participants, or drawn from emails, audio recordings, memos, and legal filings. Where the accuracy of an account is substantively disputed, the objections are described in the text or notes.
 
On its own, the Brillante was nothing special, just another useful cog in the machine of maritime trade. Yet for a decade, this unremarkable vessel has been fought over, picked apart in court, and investigated by police, military forces, private detectives, and experts who make their living boarding ships to look for nearly invisible clues. And it still hasn’t given up all its secrets. Mention its name in one of the world’s maritime hubs, and as often as not you’ll get a certain kind of reaction—an arched eyebrow, perhaps, or a glance over a shoulder to see who might be listening. More than once during our research, we were warned of risks to our safety if we continued to investigate, and many of the sources we consulted asked not to be identified, fearing for their own well-being. Their anxiety was understandable. For years, the Brillante has been leaving a churn of ruined lives in its wake. At least one person involved has been murdered. Others have been threatened, kidnapped, or forced to flee their homes in terror.
 
This book is about the hidden system that powers international commerce, and, more particularly, about what can happen on its chaotic fringes. The shipping industry has the unique attribute of being utterly integrated with the world economy while existing apart from it, benefiting from its infrastructure while ignoring many of its rules. It’s sometimes said that the seas are lawless, and that’s true: far from shore, on a decrepit trawler or a juddering ore-carrier, there are certainly no police, and often no consequences. But the most audacious crimes can occur where the maritime world intersects with the more orderly terrestrial one—enabled by the complexities of 21st-century finance and, perhaps most of all, the collective indifference of a global populace that wants what it wants, wants it now, and doesn’t want to know the human cost. 

About

Financial Times Book of the Year
An Economist Best Book of the Year


“A triumph of investigative journalism.” —Tom Wright, New York Times bestselling coauthor of Billion Dollar Whale

“A fascinating read. Highly recommended!”-John Carreyrou, bestselling author of Bad Blood

 
"Truly one of the most nail-biting, page-turning, terrifying true-crime books I've ever read." —Nick Bilton, New York Times bestselling author of American Kingpin

From award-winning journalists Matthew Campbell and Kit Chellel, the gripping, true-crime story of a notorious maritime hijacking at the heart of a massive conspiracy—and the unsolved murder that threatened to unravel it all.

In July 2011, the oil tanker Brillante Virtuoso was drifting through the treacherous Gulf of Aden when a crew of pirates attacked and set her ablaze in a devastating explosion. But when David Mockett, a maritime surveyor working for Lloyd’s of London, inspected the damaged vessel, he was left with more questions than answers. How had the pirates gotten aboard so easily? And if they wanted to steal the ship and bargain for its return, then why did they destroy it? The questions didn’t add up—and Mockett would never answer them. Soon after his inspection, David Mockett was murdered. 
 
Dead in the Water is a shocking expose of the criminal inner workings of international shipping, told through the lens of the Brillante hijacking and its aftermath. Through first-hand accounts of those who lived it—from members of the ship’s crew and witnesses to the attacks, to the ex-London detectives turned private investigators seeking to solve Mockett’s murder and bring justice to his family—award-winning Bloomberg reporters Matthew Campbell and Kit Chellel piece together the astounding truth behind one of the most brazen financial frauds in history.
 
The ambitious culmination of more than four years of reporting, Dead in the Water uncovers an intricate web of conspiracy amidst the lawless, old-world industry at the backbone of our new global economy.

Praise

A Financial Times Business Book of the Year
An Economist Best Book of the Year
Winner CrimeCon's UK Book of the Year


"A rich story of fake piracy and a global conspiracy...On one level, Dead in the Water is a masterpiece of explanatory journalism...Campbell and Chellel report and explain it masterfully, giving us an account that is both enlightening and thoroughly engaging.”
--Mark Bowden, The New York Times
 
“Triumphant…in part a well-written, well-paced thriller. But it is also a morality tale….At the heart of the story is at least one still unsolved murder…Dead in the Water makes a compelling case that those handling Russian oligarchs’ riches are not the only ones overdue for a rethink.”
--Robert Wright, The Financial Times

Dead in the Water tells a startling tale of fraud and impunity at sea…exposes the dark, barnacle-encrusted goings-on beneath the shipping industry’s waterline…gripping.”
--The Economist

“In gripping style…[Campbell and Chellel] not only explain an esoteric corner of the world economy but relish the juicy contrasts between the Latin-quoting English barristers and the thuggish ship salvagers, between the squeamish insurance men and the resolute ex-coppers."
--The Wall Street Journal

"Dead in the Water is an expertly constructed crime thriller—the sort of work of narrative nonfiction that seems destined for a film adaptation. It is also an unexpected case study in the way that fraud has permeated the global economy, undermining democratic governance by both feeding off and facilitating government corruption."
--The New Republic

“A jaw-dropping story that weaves its way, drone-like, through a dizzying variety of locales, from the deck of Brillante itself to the interior of a rusted Yemeni salvage tug to Lloyd’s of London’s 14-storey glass and mahogany atrium to the backstreets of Piraeus, Greece’s shipping capital, and points in between. When an author (or in this case, authors) can keep you eagerly turning the pages in an underwriters’ room, you know you’re in good hands.”
--The Globe and Mail

"Truly one of the most nail-biting, page-turning, terrifying true-crime books I've ever read."
--Nick Bilton, New York Times bestselling author of American Kingpin

“A triumph of investigative journalism.”
--Tom Wright, New York Times bestselling coauthor of Billion Dollar Whale
 
“A spectacular book about business, shipping, piracy and international intrigue that will make you never look at buying fast fashion or filling up your gas tank the same way again.”
--Katherine Howe, #1 New York Times bestselling coauthor of Vanderbilt: The Rise and Fall of an American Dynasty

“I read Dead in the Water in one sitting, and I know it'll stay with me for a long time. It’s modern capitalism in a microcosm, and it’s written like a thriller."
--Oliver Bullough, author of Moneyland
 
"A brilliant exposé of corruption and malfeasance on the high seas. Campbell and Chellel reveal the darkest secrets of an industry that makes the modern world go round."
--Ian McGuire, author of The North Water and The Abstainer

"At once devastating and riveting, Dead in the Water is a story of human tragedy and a skilled investigation of crime, money, and power. Matthew Campbell and Kit Chellel have written an urgent, essential book about the hidden relationships that underpin the global economy – and the brutal cost of getting in their way."
--Katie Engelhart, author of The Inevitable

“If you want to understand the finance industry’s role in global dysfunction, read this book."
--
Carson Block, founder of Muddy Waters Research

Author

Matthew Campbell is an award-winning reporter and editor for Bloomberg Businessweek magazine, covering major political and busi­ness stories across the Asia-Pacific region. He has reported from more than twenty countries on subjects including crime, terrorism, climate change, and public health.

Kit Chellel is a reporter at Bloomberg and a writer for Bloomberg Businessweek magazine. He has won numerous international prizes for his work, covering everything from Chinese state hackers and feuding hedge funds to shady Nigerian oil deals and Irish sectarian gangsters.

Excerpt

INTRODUCTION
 
The oceans make the modern economy possible, providing the most convenient and affordable means to move the things we buy, sell, build, burn, eat, wear, and throw away. On any given day, sneakers stitched together in Cambodian sweatshops are packed into forty-foot containers, then winched by dockside cranes into ships bound for Europe, where they will line the shelves of big-box stores. Oil sucked from a 150-million-year-old deposit beneath the Saudi desert travels the aquatic highway of the Suez Canal, ultimately filling the tanks of Ford sedans in New Jersey. Iron ore gouged from the red earth of Western Australia is loaded into cavernous bulk carriers and shipped to China, where it’s forged into the steel that frames Shanghai skyscrapers.
 
Without seaborne trade, there would be no smartphones, and no glass of red wine with dinner. Without tankers to distribute it cheaply and efficiently, there would be no economic way to extract much of the natural gas that heats our homes, nor the fuel that allows us to fly off on vacations and business trips. The evolution of the shipping business to enable this commerce is one of the most remarkable achievements of capitalism, a symphony of technical and financial innovations that have drastically reduced the cost, and increased the reliability, of long-distance trade.
 
Yet the industry’s success has also, curiously, led it to become largely invisible. The world’s greatest cities—London, New York, Tokyo—were once dominated by their ports, their streets crowded with the sailors and dockworkers who made them run. But as ever-larger vessels required ever-larger quays, and robotic cranes replaced longshoremen’s brawn, the ports moved away, to obscure locales like Felixstowe and Port Elizabeth. Eventually the sailors also receded from view—some made obsolete by automation, the rest pushed out by cheaper, less demanding workers from developing countries. Even more than power lines or sewer pipes, ships slipped into the background of modern life, not so much taken for granted as barely noticed at all. As consumers, we’ve never before had access to such a bounty of goods, and we’ve never had to think so little about how they come into our possession.
 
The story told here centers on just one vessel, a rusting hulk of an oil tanker called the Brillante Virtuoso. It is the product of more than four years of reporting, drawing on tens of thousands of pages of documents as well as interviews with more than 75 people involved in the events concerned. No scenes or dialogue have been invented or embellished for dramatic purposes; all are based on the recollections or contemporaneous notes of direct participants, or drawn from emails, audio recordings, memos, and legal filings. Where the accuracy of an account is substantively disputed, the objections are described in the text or notes.
 
On its own, the Brillante was nothing special, just another useful cog in the machine of maritime trade. Yet for a decade, this unremarkable vessel has been fought over, picked apart in court, and investigated by police, military forces, private detectives, and experts who make their living boarding ships to look for nearly invisible clues. And it still hasn’t given up all its secrets. Mention its name in one of the world’s maritime hubs, and as often as not you’ll get a certain kind of reaction—an arched eyebrow, perhaps, or a glance over a shoulder to see who might be listening. More than once during our research, we were warned of risks to our safety if we continued to investigate, and many of the sources we consulted asked not to be identified, fearing for their own well-being. Their anxiety was understandable. For years, the Brillante has been leaving a churn of ruined lives in its wake. At least one person involved has been murdered. Others have been threatened, kidnapped, or forced to flee their homes in terror.
 
This book is about the hidden system that powers international commerce, and, more particularly, about what can happen on its chaotic fringes. The shipping industry has the unique attribute of being utterly integrated with the world economy while existing apart from it, benefiting from its infrastructure while ignoring many of its rules. It’s sometimes said that the seas are lawless, and that’s true: far from shore, on a decrepit trawler or a juddering ore-carrier, there are certainly no police, and often no consequences. But the most audacious crimes can occur where the maritime world intersects with the more orderly terrestrial one—enabled by the complexities of 21st-century finance and, perhaps most of all, the collective indifference of a global populace that wants what it wants, wants it now, and doesn’t want to know the human cost.