DALI - How Much Will Baltimore Bridge Damage Cost — And Who Will Pay For It? | Benzinga
Baltimore was rocked by tragedy early Tuesday as the Francis Scott Key Bridge collapsed after a cargo ship, operated by Synergy Group and chartered by Danish shipping giant AP Moller Maersk (OTC:AMKBY), lost power and struck a support column. This catastrophic event led to multiple vehicles plunging into the river below, sparking a desperate search for survivors.
Effect Of Collision: As rescue efforts unfolded, it was reported by several media outlets that two persons working on the bridge had been rescued, while tragically, six others were presumed dead by their employer.
Vital Link: The Key Bridge, a vital thoroughfare facilitating the passage of over 30,000 vehicles daily, stands as a critical artery in the region’s transportation network.
Constructed between 1972 and 1977 for $60.3 million, the bridge primarily comprises lightweight concrete, as outlined in a November 2021 report by the U.S. Federal Highway Administration, Vox reported.
The incident’s repercussions extend beyond Baltimore, affecting global trade amidst ...