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Metropolitan Baltimore
Reply to "Key bridge in Baltimore collapses after cargo ship crashes into it"
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[quote=Anonymous][quote=Anonymous]The insurance claim on this is going to be massive. Whoever underwrote the ship + it's liability will be going out of business. I hope the city of Baltimore and the Feds go hard after the ship owner and the insurer. Apparently the ship was chartered by Maersk, but owned by another entity. [/quote] The owner is a Hong Kong investment vehicle that owns 3 ships, https://www.new-ships.com/orderer-44351-Grace_Ocean_Investment_Ltd.html. I'd assume they are more than bankrupted by this. There will be insurance and reinsurance and the market thinks Maersk may have liability (the stock is down 5%). The claim is going to run well into the billions - the immediate liability for any deaths, the cost of the bridge, the cost of the clean up, the lost business while the port of Baltimore is closed.... [/quote]
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