If you know hurricanes (and I do), you would know that the better chance for survival is at sea. The wind may be high, but the wave are less in deeper water.
The ship took almost twelve hours to sink. They had first reported to the USCG that they had lost power, and might require assistance, and later reported that they were taking on water at a rate they could not control. This is our way of saying "We're Toast".
The ship can be replaced. The known loss of one and probable loss of another is the real story.
There are more than a few of my near friends that have no grave. Several have names cut into memorials, some do not.
I am a waterman, I lived much of my younger life along the upper east coast and my parents finally settled Mystic. I do not believe that I knew any of the crew.
A lifelong waterman and his bride going dry places for as long as the fuel money lasts.