The outfall of the fateful allision between the 9,971 TEU container ship, Dali, and Baltimore’s Francis Scott Key Bridge in the early hours of March 26 could last ‘many years’ and test global shipping’s mutual insurance system to its limits...
Payment processing and document delays are adding to the shipping industry’s costs at the rate of a minimum of $25/box on an estimated 50% of loaded containers moved according to one industry observer.
The crew of the container vessel Dali prevented further casualties by issuing a mayday signal as the ship lost power and control on the approach to the Francis Scott Key Bridge.