Baltimore bridge collapse sparks trade disruption with unusable port – what economic impact will it have?
The Singapore-flagged Dali container ship has shut down the Port of Baltimore indefinitely after it collapsed the 1.6 mile long Francis Scott Key bridge on the east US coast.
Around a dozen cargo ships were estimated to be stuck inside the port unable to leave as the bridge spans the only route in and out of the harbor where it is located. Another 30 small small cargo ships, tug boats and pleasure craft were also in the port, while about 40 heading for Baltimore were forced to divert
US Secretary of Transportation Pete Buttigieg said that a “main area of concern” was the livelihoods of port workers, telling a press conference on Wednesday that thousands of jobs could be affected by the incident.
Baltimore handled 52.3 million tons of foreign cargo last year worth about $80.8bn. The port was the second busiest for coal exports last year, with its
