They are right: In those days, transatlantic voyage could be d a ngerous. makes sense for the past. In those days, transatlantic voyage could/might have been d a ngerous if attempted.
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In those days, transatlantic voyage could be dangerous.Yes. There really was the potential for danger when making such trips in those days. This is the correct way to say it.
I think it should have been: ...could/might have been....No. Don't change it. If you say that transatlantic voyage
Sabyakgppast possibility can be denoted by either "might have (been)" or "could have (been)" ... [or "may have (been)"]Though many years have passed since I first commented on this, I would like to clarify further.
"Could (be)" [or "may (be)" or "might (be)"] can also be used to denote the same.