What question did this study set out to answer?

To assess the financial implications of the Dali vessel collision with the Francis Scott Key Bridge.

February 8, 20260 citationsOpen Access

The marine liability market post-Baltimore – Missed opportunity or used chance?

Key Points

To assess the financial implications of the Dali vessel collision with the Francis Scott Key Bridge.
Analyzing the costs associated with the vessel collision
Estimating total economic losses due to repair, business interruption, and loss of life
Total estimated financial losses reach approximately USD 2.1 billion
Repair costs for the bridge account for USD 1.7 billion
Business interruption costs are estimated at USD 200 million
Loss of life approximates USD 150 million
Salvage costs total around USD 105 million

Abstract

On 26 March 2024 a vessel called ‘Dali’ collided with the Francis Scott Key Bridge in Baltimore. Regarding the loss quantum, the biggest amount accounts for the bridge repair costs of USD 1.7 billion, followed by business-interruption costs of USD 200 million. The business-interruption costs are mostly due to a toll that was charged for passing the bridge. In addition, loss of life accounts for around USD 150 million. This was unfortunately the fate of five workers who were on the bridge when the accident happened at night and the bridge collapsed. Finally, salvage costs account for USD 105 million. This leads to a total estimate of around USD 2.1 billion.

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