From the FINANCIAL TIMES:
…Carnival’s shares fell 370p, or 16.5 per cent, in London to £18.78 on the announcement about the accident, which some analysts estimate could cost the vessel’s insurers as much as $750m – making it one of the costliest ever maritime disasters.
Asked at a press conference in Genoa whether an alarm should have alerted the captain to the danger near the island of Giglio where the disaster struck, Pier Luigi Foschi, Costa Cruises’ chief executive, said there were visual and audible alarms if the ship diverted from its predetermined route.
But he went on: “Of course, if somebody manually neutralises that system, the alarm will not go off.”
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EDITOR: Some reports suggest that the captain either irresponsibly our of hubris or purposefully steered the ship into the rocks. Other than to require subordinates to wrestle control from the captain under such circumstances, what else can be done? Can we expect someone to have the courage to relieve the captain, possibly forcefully, in what would have been a period of perhaps less than half an hour?
