Baltimore Bridge Collapse Halts Port Operations, Sparks Economic Concerns

The collapse of the Francis Scott Key Bridge in Baltimore has led to the suspension of port operations, affecting trade and prompting a federal aid response.

Maryland Governor Wes Moore describes the bridge collapse as an 'economic catastrophe' and emphasizes its national economic impact.
The federal government has allocated $60 million in immediate aid, with President Biden promising to cover the full cost of rebuilding.
The Port of Baltimore, a critical hub for trade, faces daily losses estimated at up to $15 million due to the suspension of operations.
Divers' efforts to recover missing workers are hindered by zero visibility, complicating the search for the four workers presumed dead.
The incident is expected to lead to a 'multibillion-dollar insurance loss', marking it as potentially the largest single marine insurance loss.

Voice of America (VOA News)

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