After a cargo ship crashed into Baltimore’s Francis Scott Key Bridge and caused it to collapse, shipments in and out of the Port of Baltimore could be blocked for weeks.
The Dali container ship collided with one of the bridge’s support beams early Tuesday morning, causing large portions of the 1.6-mile bridge to collapse into the Patapsco River, with the wreckage effectively blocking ships from moving in and out of the Port of Baltimore.
The port is currently closed to vessels until further notice, with officials saying it’s unclear when it will be able to reopen.
Industry experts say it could take months and that an extended disruption could have major economic consequences, as well as direct impacts on the port’s biggest imports and exports.
“If the port is closed, it’s going to impact all of them,” Daraius Irani, chief economist for the Regional Economic Studies Institute at Towson University, told Business Insider.
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