I agree with the blurb on the TV spots—Captain Phillips IS one of 2013’s best films. Tom Hanks turns in his usual strong portrayal, but it’s the guys who play the Somali pirates who help give the film its realism.

Captain Phillips has the three elements that make a good movie: a compelling story, compelling characters and an interesting way of telling of that story.

Captain Phillips is based on a true story, though some of the actual crew members claim that they didn’t get the love they deserved and blame the real-life Captain Phillips. Also: a movie, even one based on real events, takes liberties with characters, timelines and minor details in its storytelling.

Having issued those disclaimers, I can assure you that Captain Phillips sometimes feels like TV news coverage. (Although, unlike many films based on recent real-life occurrences, we do not see clips of TV news reports of the incident.) With many handheld camera shots, plus scenes filmed in close quarters, Captain Phillips has an air of reality that many similar films do not have.

Phillips (Tom Hanks) is a regular guy from Vermont who happens to have a job as a sea captain. As the film opens, we see him riding to the airport with his wife (Catherine Keener) who sends him off to his next trip. He runs a cargo vessel that has to sail in open waters near Somalia. Hanks has great range as an actor, but playing everyman is his sweet spot.

Admirably, director Paul Greengrass also shares the Somali pirates’ backstory. He shows them gathering on the beach, choosing a team and constructing a longer ladder to enable them to board large vessels. During their takeover of the ship and all that follows, the audience comes to know these guys and their motivations. They are not sympathetic characters, but they are not just a bunch of faceless thugs.

Native Somali Barkhad Abdi (now a U.S. resident) plays Muse, the rail-thin leader of the pirate takeover. His machine gun allows him to display some swagger, but his cool helps him calm dissension within his gang of four. Could this unknown be 2013’s version of Quvenzhané Wallis, last year’s awards season darling?

Although you as a moviegoer know in advance that Phillips made it out alive, as with Titanic and Apollo 13, discovering the outcome is not the reason to see Captain Phillips. It’s the journey that each of the characters takes that keeps the tension building right up to the film’s climax. Also, it’s rather cool to see the way U.S. military involvement in the event is depicted.

Sometimes a big star promotes a movie with maximum gusto to generate a decent opening weekend, before ticket buyers figure out that it is not a very good movie. Hanks has been flogging Captain Phillips like crazy in recent weeks. In this case, it is not to salvage a mediocre film but to generate long-term box office. The guess here is that Captain Phillips will have “legs” and that Tom Hanks is in line to get a large percentage of those ticket sales.

In mid-summer, I had only a couple of films on my 2013 “must see” list. Happily, the list has grown in recent weeks. My latest “must see” movie is Captain Phillips.