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The Value of Life: Engineering Risk Analysis

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DMS | Marine Consultant

Why would you pay more for engineering than for the ship? The value of engineering comes from the lives protected, not the design of the yacht. How much is that protection worth? This risk analysis has an answer to the value of safety.

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References

[1] S. Gonzalez, "Lives vs the Economy," National Public Radio, 15 Apr 2020. [Online]. Available: https://www.npr.org/transcripts/83557.... [Accessed 04 Apr 2022].
[2] GJEL Accident Attorneys, "Examples of Wrongful Death Cases & Settlement Amounts," GJEL Accident Attorneys, 2022. [Online]. Available: https://www.gjel.com/wrongfuldeathl.... [Accessed 04 Apr 2022].
[3] "Receational Boating Industry Overview," in 2016 Recreational Boating Participation Study, National Marine Manufacturers Association, 2016.
[4] Office of Auxiliary and Boating Safety, 2020 Recreational Boating Statistics, Washington, D.C.: United States Coast Guard, COMDTPUB P16754.34, 2020.
[5] D. Glass, "Global shipping fleet value hits all time high of $1.2 trillion," Seatrade Maritime News, 27 Aug 2021. [Online]. Available: https://www.seatrademaritime.com/fin.... [Accessed 13 April 2022].
[6] Roberts, "World merchant fleet and top 15 shipowning countries (2021)," InfoMaritime.eu, 22 Aug 2021. [Online]. Available: http://infomaritime.eu/index.php/2021.... [Accessed 13 April 2022].
[7] Dearsley Maritime Consulting Ltd, Manpower Report, International Chamber of Shipping, 2015.

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