[molyss]

I’ll play with you:

It might not be such a bad thing to increase cost of trans-oceanic transportation. Right now we’re shipping stuff that makes little sense no to produce locally simply because (cost of overseas labor + cost of transportation) < (cost of domestic labor). I would suggest this is absurd both from an ecological and from a humane standpoint. Increasing the cost of transoceanic shipping might help flip the scales a little bit

Alternatively, I’d suggest that the premiums might not increase that much. Cost of insurance would be (cost of a claimable event)*(probability of such event). I’d hope the latter tends towards zero, significantly reducing the product of the 2.

We can also look at the potential impact of such a “new” policy on total insurance costs. Apparently, the Dali is able to transport 10k containers. And current shipping prices of $4,000 per container, that means that the cost of the trip alone is in the $40M range. If we take the lowest possible value of the goods, that’d be $40M and the arrival location. I’d argue that the probability of losing the vessel and its cargo is higher than that of hitting a bridge, especially if ports start deploying tugboats around their facilities

[V__]

I think this can be applied more generally as: Everything should be priced in. Lots of big problems seem to occure because externalities are passed down to future tax payers. Pollution, climate change, garbage etc.

[bluelightning2k]

Great comment. Made me pause to think