Oh well:

quote:

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In many ways, today's tanker industry resembles the passenger-liner business before 1912 - the year of the Titanic. Then, as now, there had been a burst of shipbuilding powered by rapid advances in marine engineering technology. Competition among the dozen or so leading passenger lines was fierce. Safety and structural integrity were often sacrificed for speed and spaciousness: The Titanic's bulkheads, for instance, rose only 10 feet above the waterline as opposed to 30 feet in older, more robust vessels. According to "Risk Management and the Titanic," an essay by Canadian structural engineer Roy Brander, "The owners and operators of steamships had for five decades taken larger and larger risks to save money - risks to which they had methodically blinded themselves."

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