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☆ Baltimore officials accused the ship that crashed into the Key Bridge of being 'unseaworthy' and leaving port even though its alarms had already gone off
▼ + stars: | 2024-04-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewCity of Baltimore officials on Monday accused the owner and manager of the ship that crashed into the Francis Scott Key Bridge of allowing the vessel to set sail despite it being "clearly unseaworthy." "Reporting has indicated that, even before leaving port, alarms showing an inconsistent power supply on the Dali had sounded," the court petition reads. Authorities found that the 984-foot ship lost power as it navigated toward the bridge, causing it to lose propulsion. The crew on board broadcast a mayday call just before impact, allowing traffic police to seal access to the bridge. AdvertisementMeanwhile, President Joe Biden has said that the federal government will fund the reconstruction of the Key Bridge, and has agreed to disburse some $60 million in aid to the region.

Persons: —, Francis Scott Key, Dali, Grace Ocean, Baltimore Mayor Brandon Scott, Joe Biden Organizations: Service, Synergy Marine, Business, Baltimore Mayor, Grace, Synergy, Port, Authorities, National Transportation Safety Board, FBI, Washington Post Locations: Baltimore, Maryland, Singapore, Port of Baltimore, Sri Lanka, Patapsco

☆ The Port of Baltimore was humming along as it handled a record level of cargo in 2023. The collapse of the Key Bridge changed everything.
▼ + stars: | 2024-04-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

In 2023, the Port of Baltimore handled a record 52.3 million tons of international cargo valued at nearly $81 billion. But on March 26, the Francis Scott Key Bridge collapsed after the container vessel Dali struck the bridge and sent the 47-year-old structure into the Patapsco River. Moore recently spoke with Business Insider about the collapse of the Key Bridge and the economic impacts of the port's closure. Wes Moore: The port is the largest in the country when it comes to heavy trucks and agricultural equipment. The Key Bridge was a key artery in this region.

Persons: —, Francis Scott Key, Dali, Wes Moore, Moore, John L, Dorman, Joe Biden, Julia Nikhinson, It's, Jerry Jackson, we've, You've, Baltimore Mayor Brandon Scott, We're, Biden, I'm Organizations: Service, Business, US Army Corps of Engineers, Maryland Democratic Gov, Gov, Maryland Gov, AP, Port, Federal, Baltimore Sun, Tribune, Getty, Baltimore Mayor, WM Locations: Port of Baltimore, United States, Port, Baltimore, Patapsco, Ohio, Tennessee, Michigan, United, It's

☆ Maryland Gov. Wes Moore says he 'immediately' leaned into his military training after the Key Bridge collapse: 'The only certainty is uncertainty'
▼ + stars: | 2024-04-16 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Wes Moore swiftly leaned on his military training when he learned about the Key Bridge collapse. The bridge collapse has led to the temporary closure of the critical Port of Baltimore. Wes Moore of Maryland received a call with news that seemed unthinkable. Advertisement"When I got the call, it immediately kicked you into your training," Moore said of his reaction to news of the bridge collapse. When discussing the bridge collapse that triggered the temporary closure of the Port of Baltimore, Moore told me that he held onto the mindset of expecting the unknown.

Persons: Wes Moore, —, Francis Scott Key, Moore Organizations: Service, Gov, Maryland, Democratic, Army Locations: of Baltimore, Patapsco, Port of Baltimore, Afghanistan

☆ Office Apocalypse, New Expenses Are Wrecking Big Cities' Budgets
▼ + stars: | 2024-04-14 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

Across the country, from Denver and Seattle to Washington, DC, and New York, cities are deciphering whether to slash their budgets. (Most states' fiscal years run from July 1 to June 30.) States and cities are facing pressure from societal issues that will weigh on tax revenue and increase costs for years to come. Aging populations mean a smaller percentage of the population that's of working age, putting downward pressure on tax revenue. But as federal funds have petered out, structural problems have resurfaced.

Persons: Justin Marlowe, Lucy Dadayan, Carol O'Cleireacain, it's, Marlowe, O'Cleireacain, Josh Goodman, Goodman, Liz Farmer, Baltimore's Francis Scott Key, Farmer, Emily Stewart Organizations: Boston, University of Chicago Harris School of Public Policy, Municipal Finance, Pew, Urban, Brookings Tax, Urban Institute, Business Locations: Denver, Seattle, Washington, New York, California , Maryland, Arizona, New York City, New York , New Jersey, Detroit, COVID, States, Maryland, United States

Hogan's political ascendency resulted in large part from his criticism of tax increases that resonated with a tax-weary electorate in his upset victory in 2014. And Hogan, who was originally elected governor by railing against tax increases endorsed by the Maryland General Assembly, has already made the Maryland race unusually competitive in the heavily Democratic state. The Maryland Senate this month largely kept his budget plan intact, despite a drop in revenue estimates announced after the governor submitted his plan. The Senate has been mostly unreceptive to the House plan, with Ferguson ruling out the corporate tax component. He's also ruled out legalizing internet gambling this year, another part of the House plan.

Persons: Larry Hogan’s, Baltimore's, Francis Scott Key, Republican hasn’t, Hogan, Bill Ferguson, ” Hogan, Del, Ben Barnes, “ I’m, Larry Hogan, ” Barnes, “, ” Ferguson, David Trone, Angela Alsobrooks, Wes Moore, Ferguson, He's, Moore, haven't Organizations: Republican, Gov, U.S . Senate, Baltimore Democrat, Associated Press, Governor, Maryland General Assembly, Democratic, Washington Post, University of Maryland, Republicans, Maryland, Democratic U.S . Senate, U.S, Senate, Transportation Trust Fund, state's, ”, Maryland Democrats, GOP, Maryland Republican, U.S . Rep, Maryland Senate Locations: ANNAPOLIS, Md, Maryland, Baltimore, U.S, Senate, Prince George's

☆ 2 ship companies are invoking a 200-year-old law to try to skirt huge legal liabilities from the Baltimore collision
▼ + stars: | 2024-04-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

The owner and manager of the Dali containership are seeking to limit their legal liability to $43.7 million. The 95,000-ton cargo ship collided with Baltimore's Francis Scott Key Bridge on March 26. An old law could cap the companies' liability at a fraction of the overall cost, a maritime expert said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Singapore-based companies valued the 95,000-metric ton Dali at up to $90 million, pre-bridge collision.

Persons: Dali, Baltimore's Francis Scott Key, —, Grace Ocean Organizations: Baltimore's Francis Scott Key Bridge, Service, Synergy Marine, Business Locations: Maryland, The Singapore

☆ 22 Indian crew members stranded on the ship that crashed into Baltimore bridge could be on board for weeks, report says
▼ + stars: | 2024-03-31 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Read previewThe crew of the container ship that crashed into the Baltimore bridge five days ago are still trapped on board the stricken vessel, a report says. The crew, all Indian nationals, are likely continuing to work to maintain the ship as they remain stranded, the Times said. The container ship Dali collided with a key bridge in Baltimore on Tuesday. Those onshore have devised inventive ways to contact the crew members who do not have consistent internet access on board. AdvertisementThe crew members seem to be faring well, given the circumstances.

Persons: —, Dali, Francis Scott Key, Michael A, McCoy, Wes Moore, Chris James, James, Joshua Messick, Andrew Middleton, I've, Grace Ocean Organizations: Service, Business, The New York Times, Times, Washington Post, Getty, Synergy, National Transportation Safety Board, Coast Guard, Baltimore International, Maersk Locations: Baltimore, Patapsco, Singapore, Danish, Colombo, Sri Lanka

☆ Baltimore bridge collapse a 'national economic catastrophe,' says Maryland governor
▼ + stars: | 2024-03-31 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

The collapsed Francis Scott Key Bridge lies on top of the container ship Dali in Baltimore, Maryland, on March 29, 2024. The collapse of Baltimore's Francis Scott Key Bridge on Tuesday is likely to send shock waves across the U.S. economy, as a key shipping route for certain goods remains snarled for the foreseeable future, officials said Sunday. "This is not [just] a Baltimore catastrophe, not a Maryland catastrophe. This is a national economic catastrophe as well," Maryland Gov. The bridge collapsed Tuesday after a large cargo ship crashed into it, following a mayday call shortly before the collision.

Persons: Francis Scott Key, Baltimore's Francis Scott Key, Wes Moore, Moore, Pete Buttigieg, Buttigieg, There's Organizations: Port, . Transportation, CBS, Federal, Eiffel Locations: Dali, Baltimore , Maryland, U.S, Baltimore, Maryland, Port of Baltimore, Kentucky, Ohio, Tennessee

Hold all traffic on the Key Bridge," the officer said. Police block off an entrance to the Francis Scott Key Bridge in Baltimore, Maryland, on March 29, 2024. "When they made that call, the bridge attendants did a remarkable job of stopping flow of traffic on each end. And that's what truly saved lives. Rescuers pulled two people — and two bodies — from the frigid river after the Francis Scott Key Bridge collapsed.

Persons: —, Baltimore's Francis Scott Key, Francis Scott Key, Scott Olson, Kevin Battle, Eric Dawicki, Dawicki, Andy Middleton, Middleton, James Staples, Kevin Dietsch, Philip Schifflin, Michael Campbell, it's, Dali, I've, Campbell Organizations: Police, Service, Baltimore Port Authority police, Rescue, Northeast Maritime Institute, Walmart, Maritime, Port Authority of, Rescuers, Center, Mariner, Seaman's Church Institute, The Telegraph, Massachusetts Maritime Academy, BI Locations: Baltimore, Singapore, that's, Baltimore , Maryland, Patapsco, Portland Harbor, Maine, Port Authority of Singapore, Europe

☆ Cruises are heading to different ports because of the Baltimore bridge collapse, and Carnival says it's only taking a little loss
▼ + stars: | 2024-03-28 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

One of its cruises, the Carnival Legend, departed on Sunday for a seven-day round trip from the Baltimore port and will return instead to Norfolk. Competitors Royal Caribbean and Norwegian Cruise Line were up around 3% and 6% respectively at closing. American Cruise Line also frequents the Baltimore port on East Coast itineraries — its American Glory cruise is set to sail next week. The company has over 30 cruises scheduled from the Baltimore port for the rest of 2024. The Baltimore port is the 17th-largest in the US, and the bridge collapse has left six construction workers presumed dead.

Persons: —, Josh Weinstein, Weinstein Organizations: Royal, Cruise, Service, Coast Guard, Royal Caribbean, Cruise Line, Washington Post . Locations: Baltimore, Norfolk , Virginia, Royal Caribbean, Baltimore's, Norfolk, New York, Washington, East

☆ Biden okays $60 million in aid after Baltimore bridge collapse as governor warns of 'very long road ahead'
▼ + stars: | 2024-03-28 | by ( ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden speaks about on the ongoing response to the Key Bridge collapse in Baltimore, Maryland, during brief remarks prior to departing the White House in Washington, U.S., March 26, 2024. Wes Moore warned Thursday of a "very long road ahead" to recover from the loss of Baltimore's Francis Scott Key Bridge as the Biden administration approved $60 million in immediate federal aid after the deadly collapse. President Joe Biden has pledged the federal government would pay the full cost of rebuilding the bridge. The devastation at the site of the collapse, which happened when the powerless cargo ship struck a pillar supporting the bridge early Tuesday, is extensive. Investigators shared a preliminary timeline of events before the crash, which federal and state officials have said appeared to be an accident.

Persons: Joe Biden, Wes Moore, Baltimore's Francis Scott Key, Biden, Moore, Roland L, Butler Jr, Dali, Investigators Organizations: White, Maryland Gov, Democrat, U.S . Coast Guard, Divers, Maryland State Police, National Transportation Safety Locations: Baltimore , Maryland, Washington , U.S, U.S, Maryland

☆ The Baltimore bridge disaster may lead to the 'largest single marine insurance loss ever,' Lloyd's of London bosses say
▼ + stars: | 2024-03-28 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Read previewThe collapse of Baltimore's Francis Scott Key bridge could lead to the biggest losses in the history of marine insurance, the bosses of Lloyd's of London warned on Thursday. "The tragedy has the capacity to become the largest single marine insurance loss ever," the commercial insurance market's chairman Bruce Carnegie-Brown said in an interview with Reuters. Related stories"I would say it's certainly going to be one of the largest marine losses in history, of that there is little or no doubt," he said. Barclays analysts estimate that the disaster could lead to $3 billion in insurance claims, while Morningstar DBRS put the figure at $4 billion. AdvertisementBoth of those figures would surpass the $1.5 billion losses triggered by the Costa Concordia disaster.

Persons: —, Baltimore's Francis Scott Key, Bruce Carnegie, Brown, John Neal, Neal, Dali, Morningstar DBRS Organizations: Service, Reuters, Business, BBC Radio, Maersk, Barclays Locations: London, Costa Concordia, Italy

The highly specialized role — in which a pilot temporarily takes control of a ship from its regular captain — is coming under the spotlight this week. But in the end, maritime experts say, there was likely nothing the pilots could have done to stop the 95,000-ton ship from ploughing into the bridge. “A ship's captain is a general practitioner, if I was to use a medical term,” Post said. He or she would be assigned to one ship leaving a port, Post said, and then disembark to board a second, inbound ship. “They had very little time from the start of the incident until the time they were upon the bridge," Post said.

Persons: —, Dali, Francis Scott Key, It’s, Allan Post, what’s, didn't, Post, “ Organizations: National Transportation Safety, Texas, M Maritime Academy, ” Ship, Association of Maryland Pilots, NTSB Locations: Galveston, “, U.S, Chesapeake, Baltimore

☆ Live updates: Baltimore Key Bridge collapse news and rescue efforts
▼ + stars: | 2024-03-27 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +1 min

Ships managed by the Synergy Marine Group — the company that managed the vessel that hit Baltimore's Key Bridge — have been involved in at least three deadly incidents since 2018, according to investigations and statements from officials in Australia, Singapore, and the Philippines. In 2018, a person onboard a vessel managed by Synergy in Australia was killed in an accident involving the ship’s personnel elevator, according to a report from the Australian Transportation Safety Bureau. “Many of these accidents involve the failure to apply existing safety management procedures and/or identified safety barriers that have proven effective in reducing the risks associated with elevator maintenance," the safety board's director, Stuart Macleod, was quoted saying in the report. In 2019, an officer on a Synergy-registered vessel in Singapore was reported missing after “likely fallen overboard while performing inspection or cleaning jobs at the outboard side,” according to a report by Singapore’s Transport Safety Investigation Bureau. The tanker referenced in the Philippine Coast Guard report, Petite Soeur, has been managed by Synergy since October 2022, according to the Electronic Quality Shipping Information System (Equasis) — a global tool promoting maritime safety.

Persons: Stuart Macleod, ” Organizations: Synergy, —, Australian Transportation Safety Bureau, Singapore’s Transport Safety Investigation, Philippines Coast Guard, Philippine Coast Guard, Electronic Quality Shipping Locations: Australia, Singapore, Philippines

☆ The Dali, the ship that brought down the Baltimore bridge, ran into a problem with its propulsion system months before the crash
▼ + stars: | 2024-03-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The ship that struck a key bridge on Tuesday was reported to have an issue with its propulsion in June. The Dali lost propulsion on Tuesday, but it's unclear if this was related to the June issue. AdvertisementThe 984-foot container vessel that lost power and crashed into the Francis Scott Key Bridge on Tuesday had issues with its propulsion system just months before, records show. AdvertisementClay Diamond, the executive director of the American Pilots' Association, told The Washington Post that the Dali lost power at around 1:20 a.m., around eight minutes before the crash. AdvertisementThe Francis Scott Key Bridge was Baltimore's biggest bridge, and the loss of such critical infrastructure will likely cause supply chain issues across multiple industries.

Persons: Dali, —, Francis Scott Key, Wes Moore, it's, Clay Diamond, Diamond, We've, BI's Dominic Reuter, BI's Erin Snodgrass Organizations: Service, Port Authority, Synergy Marine, American Pilots ' Association, Washington Post, USA, REUTERS Authorities, Business, Maryland Transport Authority, Port, Maersk Locations: Singapore, Patapsco, Baltimore, Maryland, Asia Pacific, San Antonio, Chile, Harford County, Antwerp, Port, Port of Baltimore, Danish, Copenhagen

☆ 6 people missing in the Baltimore bridge collapse are presumed dead, and the Coast Guard says their next job is to try to recover their bodies
▼ + stars: | 2024-03-27 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Six construction workers went missing during the Francis Scott Key Bridge collapse. AdvertisementThe six construction workers who went missing after Baltimore's Francis Scott Key Bridge collapsed are presumed dead, a US Coast Guard official said on Tuesday night. Gilreath told reporters that they were suspending active search-and-rescue efforts on Tuesday at 7:30 p.m., local time. AdvertisementBaltimore's Francis Scott Key Bridge had collapsed on Tuesday morning after it was struck by a Singapore-flagged cargo ship, the Dali. BREAKING: Ship collides with Francis Scott Key Bridge in Baltimore, causing it to collapse pic.twitter.com/OcOrSjOCRn — BNO News (@BNONews) March 26, 2024The Francis Scott Key Bridge is a key node within Baltimore's transportation network.

Persons: Francis Scott Key, —, Baltimore's Francis Scott Key, we've, Shannon Gilreath, Gilreath, Roland L, Butler Jr, Butler, Kevin Cartwright, Dali, Paul Wiedefeld, James Wallace Organizations: Coast Guard, Service, US Coast Guard, Maryland State Police, Baltimore Fire Department, New York Times, BI, Maryland Transportation Locations: Singapore, Dali, Colombo, Sri Lanka, Baltimore, Maryland

☆ Dispatch audio reveals the intense moment on-site officers realized a 984-ft ship was about to crash into Baltimore's biggest bridge
▼ + stars: | 2024-03-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

The bridge in Baltimore fell into the Patapsco River on Tuesday after a 984-foot ship crashed into it. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Hold all traffic on the key bridge," the officer said. "10-4, all traffic on the key bridge is down, we got workers in the water," he said. The collapse of the Francis Scott Key Bridge is likely to cause major disruptions to the supply chains of multiple industries, with about 11.3 million vehicles using the bridge annually.

Persons: —, Francis Scott Key, Dali, Wes Moore, " Moore, BI's Dominic Reuter Organizations: Authorities, Service, Maryland Transportation Authority Police, Business, YouTube, Washington Post, Maritime, Port Authority, US Coast Guard, Maryland Gov, MTA Police, Reuters Locations: Baltimore, Patapsco, Singapore, that's, —, Port

☆ The container ship that struck the Baltimore bridge is almost 1,000 feet long — here's why they keep getting bigger
▼ + stars: | 2024-03-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Experts say a major Baltimore bridge collapsed because the Dali container ship was so huge. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBaltimore's Francis Scott Key Bridge collapsed on Tuesday morning after the container ship Dali collided with one of its supports. Engineering experts previously told Business Insider that the bridge — built in the 1970s — stood no chance of withstanding the impact from such an enormous vessel. This story is available exclusively to Business Insider subscribers.

Persons: Dali, —, Baltimore's Francis Scott Key Organizations: Shipping, Service, Business Locations: Baltimore

☆ Industries from cars to coal to ice cream could be impacted by Baltimore bridge collapse
▼ + stars: | 2024-03-27 | by ( Kelsey Vlamis | Dominick Reuter | ) www.businessinsider.com time to read: +6 min

The Francis Scott Key Bridge collapse has blocked shipments in and out of the Port of Baltimore. The port is a key shipping point for cars, construction and farm equipment, and coal. The Port of Baltimore is the top US port for roll-on/roll-off cargo, like cars and construction machinery. halbergman/Getty ImagesCoal, gypsum, and sugarIn 2022, coal was among the top export commodities by weight moved through the Port of Baltimore. A research briefing from Oxford Economics said the bridge collapse will likely have a greater impact on the local Baltimore economy than on a national level.

Persons: Francis Scott Key, —, Dali, Daraius Irani, Anirban Basu, Ford, Basu, Domino, Sugar, Irani Organizations: Service, Industry, Regional Economic Studies, Towson University, Sage Policy, General Motors, Caterpillar, Port, Baltimore Refinery, Oxford Economics Locations: Port of Baltimore, Port, Baltimore, Patapsco, India, West Virginia

☆ Missing Baltimore construction workers were migrants from Mexico and Central America: reports
▼ + stars: | 2024-03-27 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Six construction workers are presumed dead after Baltimore's Francis Scott Key Bridge collapsed. They are all migrants from Central America, their coworker told The Baltimore Banner. The workers are presumed dead, and recovery efforts are underway. AdvertisementNew information is emerging about the six construction workers who are presumed dead after Baltimore's Francis Scott Key Bridge collapsed Tuesday morning. The workers were all migrants from Mexico and Central America, according to reports.

Persons: Baltimore's Francis Scott Key, —, Jesus Campos Organizations: Baltimore Banner, Service, Brawner Builders, Business Locations: Central America, Mexico, El Salvador, Guatemala, Honduras

☆ New Dispatch Audio Captures the Moment the Baltimore Bridge Collapsed
▼ + stars: | 2024-03-27 | by ( Lilian Manansala | ) www.businessinsider.com time to read: 1 min

Dispatchers recorded the moment Baltimore's Francis Scott Key Bridge fell, and experts weigh in on why these crashes could become more common. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: Baltimore's Francis Scott Key Organizations: Business

☆ A staggering amount of money is slipping away due to the Baltimore bridge collapse
▼ + stars: | 2024-03-27 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Experts told Business Insider that the port alone contributes $15 million in daily economic activity, which will come to a near standstill "until further notice." While some cargo will have to wait, container ships can largely be rerouted to other east coast locations. Ryan Peterson, the CEO of global logistics firm Flexport, told Business Insider that 800 containers of his were destined for Baltimore, and are now being rerouted. And it's unclear whether East Coast ports will have enough available capacity to absorb Baltimore's container volume, Petersen said. A risk for Baltimore will be whether those route changes are temporary, or if they'll have a lasting impact on the port's business.

Persons: —, Baltimore's Francis Scott Key, Port, Anirban Basu, It's, Basu, Daraius Irani, Ryan Peterson, Petersen, we're, Martin Dresner Organizations: Service, Business, Sage Policy, Regional Economic Studies, Towson University, University of Maryland's Smith School of Business Locations: Port of Baltimore, Baltimore, East Coast, West Coast

☆ A Carnival cruise that left Baltimore last week will return to a different port and bus passengers home
▼ + stars: | 2024-03-27 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Baltimore's Francis Scott Key Bridge collapsed Tuesday morning after a container ship crashed into it. Carnival Cruise Line is temporarily relocating the Carnival Legend's homeport from Baltimore to Norfolk, Virginia. The company is providing guests on the ship, returning on Sunday, with a bus back to Baltimore. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn Sunday, travelers on Carnival Cruise Line's Legend ship will return home after a relaxing weeklong vacation in the Caribbean.

Persons: Baltimore's Francis Scott Key, —, Francis Scott Key Organizations: Service, Business Locations: Baltimore, Norfolk , Virginia

☆ Baltimore construction company says one of its workers survived bridge collapse
▼ + stars: | 2024-03-27 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

A member of Brawner Builders survived the Francis Scott Key Bridge collapse. The bridge collapse was triggered by a ship collision. AdvertisementOne construction worker survived the devastating collapse of the Francis Scott Key Bridge in Baltimore on Tuesday morning. Six other workers are presumed dead, Jeffrey Pritzker, the executive vice president of Brawner Builders, the workers' employer, confirmed to Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: Francis Scott Key, —, Jeffrey Pritzker, Pritzker Organizations: Builders, Service, Brawner Builders, Business Locations: Baltimore

☆ A historic and clubby group in London could face billions in claims from the Baltimore bridge collapse
▼ + stars: | 2024-03-27 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Claims from the container ship Dali's crash into Baltimore's Key Bridge could cost insurers a lot. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . With the crash of the container ship Dali into the Francis Scott Key Bridge in Baltimore on Tuesday, insurance underwriters are updating those books as a picture of the true cost of damages emerges. Economists told Business Insider the port closure itself will cost $15 million a day in lost economic activity, with other disruptions pushing the total into the tens of millions a day. AdvertisementStill, the collapse of the Key Bridge could lead to "one of the largest claims ever to hit the marine (re)insurance market," John Miklus, the president of the American Institute of Marine Underwriters, told Insurance Business.

Persons: —, Dali, Francis Scott Key, Marcos Álvarez, Edward, doesn't, Lloyd's, John Miklus Organizations: Service, Barclays, Bloomberg, Port, Reuters, Lloyd's, American Institute of Marine Underwriters, Insurance Business Locations: London, Baltimore, Port of Baltimore, Britannia

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