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A.P. Moller-Maersk (OTCPK:AMKBF) (OTCPK:AMKBY) turned lower in Copenhagen after saying it had chartered the container vessel that collided early Tuesday with the Francis Scott Key Bridge in Baltimore.
The vessel is owned by Singapore’s Grace Ocean Pte and managed by Synergy Marine Group, Reuters reported.
The bridge – a major steel crossway that carries Interstate 685 – collapsed into the Patapsco River after it was hit by the containership, sending cars and people into the water; the fire department said as many as 20 people likely fell into the water.
The Francis Scott Key Bridge is the entryway to the Helen Delich Bentley Port of Baltimore, the largest port in the U.S. for specialized cargo such as trucks, tractors and trailers, as well as a gateway for bulk cargo such as coal and petroleum products.
~800K vehicles passed through the port in 2023, moving 3M tons of cargo, and Coast Guard officials say the collapse will have ripple effects on the port’s operations that could last for months.
