The Francis Scott Key Bridge in Baltimore, Maryland collapsed on Tuesday after being struck by a cargo ship. The port closure could cost up to $15 million per day that it is closed. The port of Baltimore, which is the ninth largest port in the United States, handles up to $80 billion worth of goods a year. The port is expected to be delayed by 24 days which could result in major disruption in US imports and exports. The bridges' collapse is expected to result in a multi-billion dollar insurance loss and be the largest marine insurance loss in history. The port also supplies 15,000 jobs locally, and its closure may result in job loss and loss of wages.
link: https://www.aljazeera.com/news/2024/3/30/what-is-the-economic-cost-of-baltimores-key-bridge-collapse
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