Multibillion-dollar claims expected post M/V Dali collision incident

Chamber of Shipping > Blog > News > US > Multibillion-dollar claims expected post M/V Dali collision incident

The collapse of Baltimore’s Francis Scott Key Bridge, caused by a collision with the Singapore-flagged container ship, Dali, could lead to insurance claims amounting to several billion dollars. This incident has temporarily shut down one of the busiest US ports, and the financial impact on property, cargo, marine, liability, trade credit, and contingent business interruption insurers is still being evaluated. The container ship is insured by the Britannia P&I Club, part of the International Group of P&I Clubs, which covers most of the world’s ocean-going tonnage. Initial estimates indicate that insurers could face claims of as much as US$4 billion. The final payout hinges on factors like the port closure duration and the extent of business interruption coverage.

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