Just the latest in a series of industrial cataclysms to befall America.
Update (0645 ET):
A massive container ship chartered by Maersk and moving outbound from the Port of Baltimore struck the Francis Scott Key Bridge around 0130 ET. The bridge collapse has paralyzed a large swath of the largest inland port on the East Coast. The port is ranked 9th for total dollar value of cargo and 13th for cargo tonnage among US ports.
Governor Wes Moore released a statement on the collapse, declaring a State of Emergency in Maryland:
“My office is in close communication with US Transportation Secretary Pete Buttigieg, Baltimore Mayor Brandon Scott, Baltimore County Executive Johnny Olszewski, and the Baltimore Fire Department as emergency personnel are on the scene following the collapse of the Francis Scott Key Bridge. I have declared a State of Emergency here in Maryland and we are working with an interagency team to quickly deploy federal resources from the Biden Administration. We are thankful for the brave men and women who are carrying out efforts to rescue those involved and pray for everyone’s safety. We will remain in close contact with federal, state, and local entities that are carrying out rescue efforts as we continue to assess and respond to this tragedy.”
Chief Kevin Cartwright, the Baltimore City Fire Department’s director of communications, told Fox Baltimore that at least 20 people and several vehicles had fallen into the river.
In markets, Maersk shares in Copenhagen are trading down more than 3% on the news.
Shocking video…
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Shocking footage is coming from Baltimore City, home to one of the nation’s largest marine ports. It shows a container ship striking the 1.6-mile-long Francis Scott Key Bridge and collapsing it
Here’s another view of the container ship strike.
“This effectively shuts down the Port of Baltimore completely. I’m truly speechless,” one X user said.
Fox Baltimore’s Olivia Dance describes the scene as “devastating.”
According to the ship tracking website MarineTraffic, the Singapore-flagged cargo ship “Dali” slammed into the Francis Scott Key Bridge around 0130 ET. Bloomberg notes the ship was chartered by Maersk (remember Maersk’s Ever Given in the Suez Canal a few years ago?).
The bridge spans the Patapsco River and carries an estimated 11.5 million vehicles annually. In this collapse, the only shipping lane in and out of the port was severed.
Baltimore is the most inland port on the East Coast and is connected to the I-95 highway network. With no commercial vessels sailing in and out of port anytime soon, this is catastrophic for port operations and could spark supply chain snarls in the Mid-Atlantic and Northeast. We suspect inbound vessels are rerouting sails this morning.
The bridge collapse has severed these major marine terminals. It’s unknown when operations will be restored.
According to the Maryland government’s website, the Port of Baltimore handled over 52 million tons of international cargo valued at more than $80 billion last year, ranking it as the ninth busiest port in the United States. The data shows that the port handled 847,158 autos and light trucks in 2023, the most of any US port. The port also handles farm and construction machinery, sugar, gypsum, and coal.
The port supports 15,330 direct jobs and 139,180 jobs in Maryland, according to the Maryland government’s website.
Baltimore Mayor Brandon Scott’s office posted on X:
“I’m aware of and en route to the incident at the Key Bridge. I have been in contact with Baltimore Fire Chief James Wallace, Gov. Wes Moore (and the county executives of Baltimore and Anne Arundel counties). Emergency personnel are on scene, and efforts are underway.”
*Developing…
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