The collapse of the Francis Scott Key Bridge in Baltimore early on March 26 after it was hit by a cargo ship resulted in six deaths and has shut down the Port of Baltimore, the 17th-largest port in the United States. Data from the state of Maryland notes the port handled 52.3 million tons of imported cargo worth nearly $81 million in 2023.
No one knows yet how long it will take to clear debris from the Patapsco River or reopen the port. The bridge over the Patapsco will take even longer to rebuild.
The single biggest U.S. industry likely to be hit is the auto business. Baltimore handles $27 billion in auto-related imports and another $8 billion in auto exports. By comparison, $2 billion worth of chemicals are imported through Baltimore and $1 billion is exported, according to the Washington Post. Sasol North America has a terminal at the port, as does WR Grace, consulting group ICIS notes.
But the biggest ripple effect may come as cargo ships disperse to other Atlantic Ocean ports until Baltimore reopens.
Adam Yanelli of ICIS writes that a distributor told him the rerouting "will cause severe congestion."
In addition, the bridge was the main route for hazardous materials because those trucks cannot go through the tunnels that cross the river elsewhere in Baltimore.
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