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