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    Home»Markets»Stocks»Explainer-Why did the Baltimore bridge collapse and what do we know about the ship? By Reuters
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    Explainer-Why did the Baltimore bridge collapse and what do we know about the ship? By Reuters

    Press RoomBy Press RoomMarch 26, 2024No Comments3 Mins Read
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    Explainer-Why did the Baltimore bridge collapse and what do we know about the ship?
    © Reuters. A U.S. Coast Guard search and rescue helicopter flies over the Dali cargo vessel, which crashed into the Francis Scott Key Bridge causing it to collapse in Baltimore, Maryland, U.S., March 26, 2024. REUTERS/Julia Nikhinson

    By Lisa Shumaker

    (Reuters) -Baltimore’s Francis Scott Key Bridge collapsed early on Tuesday after a container ship smashed into the four-lane span, plunging cars into the river. 

    WHAT HAPPENED IN BALTIMORE?

    At 1:27 a.m. ET (0527 GMT), a container ship named the Dali was sailing down the Patapsco River when it struck a pylon of the bridge, crumpling almost the entire structure into the water. There was no indication of terrorism, police said.

    ARE THERE ANY CASUALTIES?

    A construction crew was fixing potholes on the bridge and eight people fell into the river where water temperatures were 47 F (8 C). Two people were rescued, one unharmed. One person later died. Six people remain missing.

    WHAT DO WE KNOW ABOUT THE SHIP THAT WAS INVOLVED?

    The Dali was leaving Baltimore en route to Colombo, Sri Lanka.

    All 22 crew, including two pilots on board, have been accounted for and there were no injuries, the ship’s manager, Synergy Marine Group said.

    The registered owner of the Singapore-flagged ship is Grace Ocean Pte Ltd, LSEG data show. The ship is 948 feet (289 meters) long and was stacked high with containers.

    The ship can hold up to 10,000 twenty-foot equivalent unit, or TEU, a measure of cargo capacity. It was carrying 4,679 TEU.

    WHAT DO WE KNOW ABOUT THE BRIDGE THAT COLLAPSED?

    The Francis Scott Key Bridge was one of three ways to cross the Baltimore Harbor and handled 31,000 cars per day or 11.3 million vehicles a year.

    It is four lanes wide and sits 185 feet (56 meters) above the river.    

    It opened in 1977 and crosses the Patapsco River, where U.S. national anthem author Francis Scott Key wrote the “Star Spangled Banner (NASDAQ:)” in 1814 after witnessing the British defeat at the Battle of Baltimore and the British bombing of Fort McHenry.

    HOW WILL THE BRIDGE COLLAPSE IMPACT THE BALTIMORE PORT? 

    Traffic was suspended at the port after the collision.  It is one of the smallest container ports on the Northeastern seaboard, handling about a tenth of the volume that passes through the Port of New York and New Jersey. 

    The flow of containers to Baltimore can likely be redistributed to bigger ports, said container shipping expert Lars Jensen. However, there could be major disruptions in shipping cars, coal and sugar.

    It is the busiest U.S. port for car shipments, handling at least 750,000 vehicles in 2023, according to data from the Maryland Port Administration.

    In 2023, the port was the second busiest for coal exports.

    It is also the largest U.S. port by volume for handling farm and construction machinery, as well as agricultural products such as sugar and salt.

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