The bridge is basically valueless compared to everything else about the ship and cargo plus the lawsuits from various contract breaches and other damages. Port shutdowns, environmental cleanup, insurance losses. $100m is a rounding error.
It’s cost is both material and in the business of links from one side to the other. It’s almost certainly worth multi billions at this point.
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Think it’s probably more appropriate to say recover instead of rescue by this point. Unfortunately the Atlantic is pretty cold this time of year.
And they plunged almost 190 ft (Wikipedia info) into said water.
So they’d free fall for ~3.4 seconds and hit water at around 75mph. That part could be survivable depending on angle of impact and safety features of the car. Assuming they survive impact, getting out in the dark with cold murky water coming in car and surviving the hypothermia as well and odds are slim to none.
and they would have to be lucky enough to not have the bridge structure fall on top of them.
Unfortunately it wasn’t freefall. If you watch the video its over 5 seconds from when the bridge collapses till they’re in the water.
I replayed the video a zillion times to focus on each car going down. It’s horrifying
Vehicles are designed for impacts from both sides, the back and the front, and maybe to roll around a few times… But not for what these people experienced.
The remaining victims were part of a construction crew filling potholes.
https://apnews.com/live/baltimore-key-bridge-collapse-latest-2024
They were on the phone with bankruptcy lawyers before dawn. That is the ones that didn’t just disappear into hiding.
How rude, waking up lawyers that early. They’re humans too, jeez, no business calls before 9am, ok?
Can you get insurance for a ship?
Sir I will insure your ship for just a $1000 premium. I only take payment in iTunes gift card.
Ship insurance is somewhat how modern capitalist world trade came into existence: https://en.wikipedia.org/wiki/Dutch_East_India_Company?wprov=sfla1
Bunch of people putting money together for ship to have a try going and returning with lots of goodies, is like an insurance I’m some way.
I think insurance isn’t just possible, it’s obligated to be allowed to enter certain ports with certain shipsizes.
My God, some of the questions being asked here just beggar belief.
Estimates I could find said $60-$120 million
I assume wrongful debt suits are gonna eclipse that tho
I think that’s when it was built. A superstructure like a major port bridge will be well into the billions in 2024 money.
Remember to also factor in losses due to transport disruptions in the calculations regarding the value of the accident
They’ll declare bankruptcy before they fish the victims out of the water
You made me think, I wonder how the related legislation differs in Singapore vs the US
I feel out of the loop. What happened to the bridge?
Container ship hit it and the entire thing collapsed
This: https://m.youtube.com/watch?v=JebyNOvJmCM&pp=ygUfYmFsdGltb3JlIGJyaWdhZGUgY29sbGFwc2UgbGl2ZQ%3D%3D
Police audio from the incident: https://youtu.be/xzOvImnlHFc?si=INIeTXr7ThY5dAlw
The whole bridge just collapsed
It broke.
Me too.
You the best lol
It would not just be the bridge cost, some Corps. could try suing for business income lost. Do not think they will get very far.
Like, most people still are not aware how this is going to fuck a bunch of market sectors that is theich bigger problem until the port is fully operational. Most (if not all) European car imports come into Baltimore. Cocoa comes there too. There are dozens of products. Ramifications are dire. On top of just to the local economy. Not to mention the pain of worst traffic.
Expect price increases on some specific markets. Surely someone with more time and better knowledge will do a much better write up soon enough. Either here or on the news.
