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The collapse of the Francis Scott Key Bridge spanning the entrance to the Port of Baltimore has cut off the nation's ninth-largest port from all shipping activity and temporarily closed the port.
Shipping lines recorded a combined EBIT loss of USD 1.44 billion
The U.S. House of Representatives overwhelmingly voted on March 21, 2024, to approve the Ocean Shipping Reform Implementation Act of 2023, which was introduced in March 2023 by Reps. John Garamendi (D-Calif.) and Dustin Johnson (R-S.D.).
Ocean container vessel giants including CMA CGM and COSCO are declaring force majeure due to Baltimore port bridge accident, leaving shippers on hook for cargo.
Ocean container vessel giants including CMA CGM and COSCO are declaring force majeure due to Baltimore port bridge accident, leaving shippers on hook for cargo.