Francis Scott Key Bridge collapse in Baltimore...

100%. The crew will only be talking to the authorities and with counsel present.

What will be fun is the upcoming discussion we're all going to have over the Limitation of Liability Act of 1851 that allows the shipowner to limit its total liability to the value of the ship after the casualty.

The owners of the Titanic were able to limit their liability to the value of the lifeboats under this statute.

The Feds are going to buy a new bridge anyway so its not all that relevant I guess but its one of the weirder facets of maritime law.

Point of order - value of the vessel and pending freight. 🤪

But there is still a lot of insurance involved and Lloyd’s has already estimated the total loss to be in the billions and enough to potentially impact the industry, though both Lloyd’s and Morningstar believe the losses are within capability.

https://www.cnbc.com/2024/03/28/bal...est-ever-marine-insurance-payout-lloyds-.html