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The containership that collided with the Francis Scott Key Bridge in Baltimore, Maryland, in March has been moved from the accident scene to a nearby marine terminal.

Deep-draft commercial vessels can resume movement in and out of the Port of Baltimore following today's removal of the containership that collided with the Francis Scott Key Bridge in March, according to officials.

The temporary channel that will be opened at the Port of Baltimore around the collapsed Francis Scott Key Bridge will be far too shallow to move large vessels and provide support to dry bulk freight rates.

Vessel traffic in an out of the Port of Baltimore, Maryland, has been suspended indefinitely in the wake of a container ship collision early today that brought down the Francis Scott Key Bridge, an accident that will force the rerouting of coal, car and light truck shipments.

The collapse of a major bridge in the Port of Baltimore, Maryland, will likely put downward pressure on dry bulk rates as ship traffic in and out of the port remains closed indefinitely.