"And of course the insurance on the ship." S2 #105
Based on little more than my observations of Institutional maladaptability, wouldn't surprise me if it's under-insured.
Like ocean liners, twice the size of the Titanic. I gather tankers & container ships (like the one that dropped the bridge) are much bigger than a few decades ago.
If the insurance formula has kept pace w/ reality, splendid. I deduce that's unlikely.
If not, seems to me the formula should factor in vessel displacement, and cargo capacity, by weight, & or $$$. Or whatever other necessary to make things right in a case like this.
Norwegian registry seems to be big with big boats, a $money deal I assume, lower taxes, & or fees?
Not sure if the boat people are playing hard-ball or not: if the U.S. requires adequate insurance we simply won't dock at any U.S. ports.
- so -
I gather the U.S. tax payer will get stuck with the bill.
Meanwhile, it took years to build that bridge the first time.
I've not yet gotten any reliable reports about when the replacement will be carrying automobiles again.