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Baltimore Key Bridge Tragedy Pressures Global Trade: Shipping Already Hit By Panama Canal, Red Sea Challenges

Benzinga ·  Mar 26 23:32

While search and rescue remains the top priority following the tragic collapse of the Francis Scott Key Bridge in Baltimore early Tuesday, the costs to global trade, markets and industry are already being examined.

The container ship that veered off course and struck the bridge, causing its dramatic and immediate collapse, was the Dali, operated by charter vessel companySynergy Groupand chartered by Danish shipping giantAP Moller Maersk(OTC:AMKBY).

Maersk's shares were down nearly 6% Tuesday, although it was not known whether the company will face any liability over the accident. It issued a statement that read:

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