DETERMINANTS OF CARGO DAMAGE RISK AND SEVERITY: THE CASE OF CONTAINERSHIP ACCIDENTS
Wayne K. Talley
Abstract
Wayne K. Talley
Abstract
This study investigates determinants of the risk and the severity of cargo damage of containership accidents, utilizing microdata of individual vessel accidents that occurred in U.S. waters for the time period 1981-1989. The empirical results suggest that this risk and severity (per ship gross ton) are less if the ship is manned by a licensed (versus an unlicensed) operator at the time of the accident, less for larger-sized (versus smaller-sized) ships, and greater for collision and fire/explosion (than for grounding) ship accidents. The severity is also greater for adrift than for docked or moored ships.
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This study investigates determinants of the risk and the severity of cargo damage of containership accidents, utilizing microdata of individual vessel accidents that occurred in U.S. waters for the time period 1981-1989. The empirical results suggest that this risk and severity (per ship gross ton) are less if the ship is manned by a licensed (versus an unlicensed) operator at the time of the accident, less for larger-sized (versus smaller-sized) ships, and greater for collision and fire/explosion (than for grounding) ship accidents. The severity is also greater for adrift than for docked or moored ships.
Key concepts: Microdata (statistics), Collision, Aeronautics, Forensic engineering, Environmental science, Engineering, Computer science, Computer security