I have just today experienced the same issue while sailing along the Islands at M11, trying to find a nice place to build a shipyard - and of course I got killed near my raft while exploring
So far I couldn't even find a spot to build a shipyard it is so crowded, but thats ok, exploring is fun too...
But having to start over yet again because I can't respawn on my bed on a PvE server because of a PvP mechanic, hmm - I'll try again tomorrow morning, but I do hope this issue will be solved in the future!
I like the gameplay of Atlas so far, so many new things to see and to learn - coming from Ark, I am sure this will be a great adventure