. . .”(The industry) is strictly regulated. Ships are foreign-flagged because of labor and cost issues. But the safety certification comes from independent classification societies and that’s what enables ships to get insurance,” explained cruise industry expert Andrew Coggins Jr., a professor of management at Pace University’s Lubin School of Business in New York.
Read comments by Professor Coggins about the Carnival Triumph cruise ship crisis in the Associated Press [ 1 | 2 ], Forbes, Los Angeles Times [ 1 | 2 ], New York Times, and USA Today. Listen to him on CBS Radio and NPR in Washington.