A portion of the Francis Scott Key Bridge in Baltimore has collapsed after a large boat collided with it early on Tuesday morning, sending multiple vehicles into the water.
At about 1.30am, a vessel crashed into the bridge, catching fire before sinking and causing multiple vehicles to fall into the water below, according to a video posted on X.
“All lanes closed both directions for incident on I-695 Key Bridge. Traffic is being detoured,” the Maryland Transportation Authority posted on X.
Matthew West, a petty officer first class for the coastguard in Baltimore, told the New York Times that the coastguard received a report of an impact at 1.27am ET. West said the Dali, a 948ft (29 metres) Singapore-flagged cargo ship, had hit the bridge, which is part of Interstate 695.
holy shit. I’ve been getting alerts about it, but that video is so much worse than I imagined.
That doesn’t look like a little repair, which is what I had assumed. That looks like the ship’s insurer is buying Baltimore a new bridge.
googles
https://en.wikipedia.org/wiki/Francis_Scott_Key_Bridge_(Baltimore)
The main span of 1,200 feet (366 m) was the third longest span of any continuous truss in the world. It
Smooth.
So $143 million in 1972 dollars…
https://www.usinflationcalculator.com/
$1.06 billion in 2024 dollars.
I think that’s probably way more than $39 million.
The Ever Given that got stuck in the Suez Canal was worth about $125 million carrying about $600 million in cargo. It had a capacity of 20,000 TEU (twenty foot equivalent units).
This MV Dali has a capacity of about 10,000 TEU and was carrying 4700 containers. I think no matter how you slice it, the value of the ship and its cargo would be in the hundreds of millions.
Feds are going to pay for it
I am guessing these liability limits are for the cargo, not any damage caused by the ship. If shippers had to ensure everything they shipped for “storms and pirates” in the 1800’s, then they probably wouldn’t be able to do business. So there is a limit to what shippers would owe their clients if a ship got captured or wrecked. Those clients would need their own insurance if they wanted to be made whole in the event of a catastrophe.
What happens next is likely to be the result if the investigation. If this was a freak mechanical failure, and the boat’s maintenance was otherwise up to date, then maybe the State won’t be able to go after the boat’s owners. But if there’s any inkling that there was negligence in the maintenance of the boat, or in the piloting of it, the the State is going to go after the company for all it can. Depending on what they find, there might even be criminal charges.
The article about the treaty is explicitly talking about damage to things ships hit:
Ok, I stand corrected then. They’re gonna have to sell a lot of crab cakes to fix that bridge…
Ahhh yes corporate arbitration lawyers. They shall be among the first to be flayed in the uprising.
I appreciate the research and sources you’ve listed here. Its quite interesting from an impact perspective.
Color me surprised.