According to Bloomberg News, the ship's owner could potentially minimize liability by utilizing an obscure 1851 law invoked by the owners of the Titanic to limit compensation after that vessel sank. Credit: Al Drago/Bloomberg
On March 26, 2024, at approximately 1:28 a.m., a Singapore-flagged cargo ship ran into the Francis Scott Key Bridge, causing a catastrophic collapse, multiple fatalities and potentially hundreds of millions of dollars in damage claims.
The accident sent vehicles plunging into the frigid water and is sure to wreak havoc on the entire Port of Baltimore's economic ecosystem and transportation networks that relied heavily on the bridge as a corridor for moving hazardous materials.
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