A private navy founded by businessmen, former marines, retired captains and soldiers will protect its first group of oil tankers and bulk carriers from pirates in the Indian Ocean in late March or April, according to Bloomberg Businessweek.
Typhon, a venture formed by a group of U.K. businessmen led by Glencore International’s Chairman Simon Murray, will recruit 240 former marines and sailors for its navy.
This is the first undertaking of its kind in nearly 200 years in the United Kingdom.
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