... well, in
modern times...
What is the cost of a Lifeboat?
A ‘D’ class inshore lifeboat costs £39,000, a ‘B’ class Atlantic 85 inshore lifeboat costs £180,000 and a Tamar class all-weather lifeboat cost is £2.7M.
Looking into it a bit more, though, it would only have cost the titanic folks about 16k (compared to a 7.5m pricetag on the whole thing) more to outfit the ship with sufficient boats.
The
actual reason seems to have been outdated safety regulations and a company that, *desultory gasp of shock and awe*, couldn't be arsed to put their brain on without the government beating them with a stick, and so only had enough lifeboats for a vessel a fraction of its size. To be fair, it was an incredibly common practice at the time. There was absolutely nothing unusual about the titantic doing it, and the best practice folks for upsized vessels at the time only had ~82% passenger coverage.