Earlier quoted context omitted.
In shipping the cost is transferred easily down the line; capital investment in new vessels and new technologies is pretty slim because of that. Also the time spent in dry dock might as well cost you more than what you’ll gain through the service time of the vessel since many of these vessels change hands frequently sometimes even several times a year. Also because how risk is managed in the shipping industry none of…
Hm, really stupid naive question here. What happens if violating ships were basically seized
Open systems have a sufficiently large capacity to store the contaminated water so they essentially only open the loop in international waters where no one can do anything about it.
But in general it depends on who does it, for the most part if it’s a western country the country would loose in court since it will he sued by multiple parties with interest in the cargo but no actual liability.
If it’s not then it’s either going to be a political waltz or just another act of piracy.
The ship and cargo are insured some parties might make more money on losing the ship than if it had completed its transit including quite possibly its operator.