-
Chubb Braces For Record Shipping Insurance Loss After $350M Payout For Baltimore Bridge Collapse
Thursday, May 2, 2024 - 8:50am | 551In the wake of Baltimore’s Francis Scott Key Bridge collapse, insurance company Chubb (NYSE:CB) is set to shell out $350 million, potentially setting the stage for an unprecedented shipping insurance loss. What Happened: Chubb, the insurer for the collapsed Baltimore bridge, is readying to...
-
Trump Stays Silent On Baltimore Bridge Collapse, Focused On Personal Grievances: Report
Friday, March 29, 2024 - 10:49am | 621In light of the recent Francis Scott Key Bridge collapse, former President Donald Trump has chosen to remain silent, instead focusing on his personal affairs and wealth. What Happened: Trump has been actively engaging on his social media platform, Truth Social discussing the company’s new...
-
Baltimore Bridge Repair Begins With $60M Federal Aid, Reconstruction Estimated To Cost $2B
Friday, March 29, 2024 - 2:48am | 561The US government has granted Maryland $60 million in emergency funds to reconstruct the collapsed Francis Scott Key Bridge in Baltimore. What Happened: Maryland Governor Wes Moore requested the emergency funds, which were promptly approved by the U.S. Department of Transportation’s Federal...
-
Baltimore Port Shutdown Triggers Coal Price Hike: Energy Information Administration Warns Of Export Disruptions
Thursday, March 28, 2024 - 3:24pm | 676Coal prices have risen in the past couple of days since the Port of Baltimore was closed following the collapse of the Francis Scott Key Bridge, cutting off many of the port’s facilities. The price of a ton of U.S. coal rose by 0.6% on Thursday to $113.25. Meanwhile, the Range Global Coal ETF...
-
Baltimore Bridge Collapse: Insurers Brace For Possible Historic $4B Payout — Way Bigger Than 2012 Costa Concordia Disaster
Thursday, March 28, 2024 - 8:42am | 740The catastrophic collapse of Baltimore’s Francis Scott Key Bridge, struck by a Singapore-flagged container ship, could trigger a massive insurance payout, potentially reaching a staggering $4 billion. Surpassing Previous Record: This incident, which tragically left six people...
-
Baltimore Bridge: Ship Collisions Not Uncommon — 5 More Fatal Accidents In US
Wednesday, March 27, 2024 - 3:33pm | 741The tragic events in Baltimore, where a container ship crashed into Francis Scott Key Bridge, causing the collapse of much of the 1.6-mile structure, was not the first of its kind and is unlikely to be the last. A 2018 report by the World Association for Waterborne Transport Infrastructure, shows...
-
Baltimore Bridge Collapse: Investigators Probe Contaminated Fuel Link In Cargo Ship Collision
Wednesday, March 27, 2024 - 10:25am | 674Investigators are reportedly looking into whether contaminated fuel may have played a part in a colossal cargo ship losing power and crashing into the Francis Scott Key Bridge in Baltimore. What Happened: The safety probe will scrutinize the operations and safety record of the vessel,...
-
How Much Will Baltimore Bridge Damage Cost — And Who Will Pay For It?
Wednesday, March 27, 2024 - 6:24am | 730Baltimore was rocked by tragedy early Tuesday as the Francis Scott Key Bridge collapsed after a cargo ship, operated by Synergy Group and chartered by Danish shipping giant AP Moller Maersk (OTC:AMKBY), lost power and struck a support column. This catastrophic...
-
Baltimore's Key Bridge Collapses After Ship Collides, Rescue Operations For 7 People Underway
Tuesday, March 26, 2024 - 7:50am | 584In a shocking incident, the Francis Scott Key Bridge in Baltimore has collapsed following a ship collision, leading to several vehicles plunging into the river and initiating a frantic search for survivors. The ship crashed into a support pylon of the 1.6-mile Baltimore bridge triggering the...