>since letting ships sink to save some money is negligence assuming a fix can be reasonably found I'd assume there are smart people in the shipping industry th

>since letting ships sink to save some money is negligence assuming a fix can be reasonably found I'd assume there are smart people in the shipping industry that have spent a lifetime on such issues. I suspect there is not some "reasonably found" solution that will help. It may be as simple as surprise severe weather events sink many of those lost - and the cost to protect such a large fleet from rare events is extremely costly. Paying $3200/trip for insurance against ship loss of this kind is peanuts for protecting a $20M item that generates millions annually in revenue. And the insurance on the goods (and this $3200) is simply passed on to those paying to ship goods.