They care because of the loss of life involved. If a merchant ship loses a stack of boxes in a collision, its mostly an insurance case. If some bulk carrier gets abandoned in the south china sea, it makes industry and insurance news, it doesn't get home page coverage on CNN.
Major shipping casualties have been decreasing. There haven't been any major oil spills in a couple of decades and considering the increase in volume of commercial shipping, the loss ratios and insurance premiums are low. And all that despite
- flags of convenience,
- decrepit equipment,
- alledgedly unmanned bridges,
- watchstanders who dont speak english
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