State Maryland Financial News
01.04 / 16:09
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Baltimore bridge collapse poses 'temporary risk' to local, state economies: Moody's
The impact of the Francis Scott Key Bridge disaster in Baltimore is «hard to comprehend» when it comes to the local economy and governments, according to tax revenue expert and CEO Niko Spyridonos.
31.03 / 18:59
30.03 / 19:17
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Crews carefully prepare to remove first piece of twisted steel from collapsed Baltimore bridge
twisted steel from the collapsed Francis Scott Key Bridge in Maryland, The bridge crumpled into the Patapsco River on Tuesday after a massive cargo ship crashed into one of its main supports. Crews are carefully measuring and cutting the steel from the broken bridge before attaching straps so it can be lifted onto a barge and floated away, U.S. Coast Guard Rear Adm.
30.03 / 15:31
30.03 / 13:34
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Building a new Key Bridge could take years and cost at least $400 million, experts say
Experts say rebuilding Baltimore’s Francis Scott Key Bridge could take anywhere from 18 months to several years
30.03 / 13:33
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As cranes arrive at Baltimore bridge collapse site, governor describes daunting task of cleaning up
A crane that can lift 1,000 tons has appeared near the site of a collapsed highway bridge in Baltimore as crews prepare to begin clearing wreckage
30.03 / 13:33
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Baltimore bridge collapse: Who will pay for the destroyed bridge, harmed businesses and lost lives?
The collapse of the Francis Scott Key Bridge in Maryland is a multi-layered tragedy: For the families and friends of those killed or presumed dead, it’s a profound and personal loss
30.03 / 12:51
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Baltimore Bridge Collapse: Racist cartoon targets Dali's Indian crew; elicits outrage
Dali collided with Baltimore's Francis Scott Key Bridge, leading to a controversial response. A US-based webcomic, Foxford Comics, posted a cartoon the day after the incident, captioned «Last known recording from inside the Dali moments before impact,» which has sparked outrage. The collision occurred when the Indian crew operating the Dali lost power, causing it to collide with a concrete pier supporting the bridge. This impact resulted in a significant portion of the bridge collapsing into approximately 50 feet of freezing water below. However, the crew's quick thinking and Mayday call alerted authorities, enabling them to swiftly shut down traffic on the bridge, potentially saving lives.
29.03 / 20:57
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Cranes arriving to start removing wreckage from deadly Baltimore bridge collapse
collapsed highway bridge in Baltimore as crews prepared Friday to begin clearing wreckage that has stymied the search for four workers missing and presumed dead and blocked ships from entering or leaving the city's vital port. Maryland Gov. Wes Moore called the Francis Scott Key Bridge's collapse following a freighter collision an “economic catastrophe" and described challenges of recovering the workers and clearing tons of debris to reopen the Port of Baltimore.
29.03 / 19:05
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Baltimore disaster could see record insurance payouts — but it’s complicated: expert
Maryland Motor Truck Association President & CEO Louis Campion discusses the impact of the Francis Scott Key Bridge collapse on truck and shipping routes on The Bottom Line.
29.03 / 13:15
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Impact of Baltimore port closure on global supply chains
bridge collapse that closed the Port of Baltimore has raised concerns about the disaster's potential impact on the global supply chain. Authorities have warned that extensive work is needed before the major port can reopen following Tuesday's catastrophic cargo ship collision, which has blocked the harbour's entrance.
29.03 / 03:35
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Immigrants killed in Baltimore bridge collapse died doing job 'others do not want to do'
The six victims of the Francis Scott Key Bridge collapse were all immigrants from Mexico and Central America, doing the kind of grueling work that many immigrants take on, when a container ship crashed into a support pillar at 1:30 a.m. EDT on Tuesday (0530 GMT) and sent them plunging into the icy Patapsco River. Divers pulled the bodies of Alejandro Hernandez Fuentes and Dorlian Castillo from a red pickup truck 25 feet underwater the following day.
29.03 / 02:07
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'This will not take hours, weeks...We have a very long road ahead of us': Maryland governor on rebuilding of Key Bridge
Francis Scott Key Bridge in Maryland collapsed, Governor Wes Moore emphasised that the rebuilding of the bridge would not take days or weeks, adding that «we have a very long road ahead of us.» The Singapore-flagged vessel collided with one of the pillars of the Francis Scott Key Bridge in Maryland, leading to its collapse on Tuesday.
29.03 / 02:07
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Biden approves $60 mn in aid after Baltimore bridge collapse as governor warns of 'very long road ahead'
BALTIMORE — Maryland Gov. Wes Moore warned Thursday of a «very long road ahead» to recover from the loss of Baltimore's Francis Scott Key Bridge as the Biden administration approved $60 million in immediate federal aid after the deadly collapse. Meanwhile the U.S. Army Corps of Engineers was moving the largest crane on the Eastern Seaboard to help remove the wreckage of the bridge, Moore said, so work to clear the channel and reopen the key shipping route can begin. The machine, which can lift up to 1,000 tons, was expected to arrived Thursday evening, and U.S. Sen. Chris Van Hollen said a second crane with a 400-ton capacity could arrive Saturday.
28.03 / 22:35
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Baltimore port closure may hit US coal export volumes
Maryland Motor Truck Association President and CEO Louis Campion discusses the impact of the Francis Scott Key Bridge collapse on truck and shipping routes on 'The Bottom Line.'
28.03 / 19:11
28.03 / 16:13
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Baltimore bridge collapse: Netizens slam 'racist' cartoon on cargo ship Dali's Indian crew
Dali moments before impact," the Foxford Comics’cartoon was captioned on microblogging platform X (formerly known as Twitter). The cartoon also has the audio of people swearing at each other in a strong Indian English accent. But these cartoons were far from reality, The Singapore-flagged ship 'Dali' had actually suffered a "power issue" and issued a distress call moments before the crash, officials said.
28.03 / 15:43
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Baltimore bridge collapse: Ships carrying cars and heavy equipment need to find a new harbor
Manufacturers and shippers are scrambling to figure out where they can load or unload cargo while the main operations at the Port of Baltimore remain closed due to Tuesday’s deadly collapse of the Francis Scott Key Bridge
28.03 / 15:41
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Barges are bringing cranes to Baltimore to help remove bridge wreckage and open shipping route
Massive barges carrying cranes are heading to Baltimore to begin the challenging work of removing twisted metal and concrete from the collapsed bridge that’s blocking a key shipping route
28.03 / 01:55
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Cargo ship had engine maintenance in port before it collided with Baltimore bridge, officials say
The victims, who were part of a construction crew fixing potholes on the bridge, were from Mexico, Guatemala, Honduras and El Salvador, Butler said. Maryland Gov. Wes Moore addressed their families in Spanish during the news conference, saying, “Estamos contigo, ahora y siempre," which means, “we are with you, now and always." All search efforts have been exhausted, and based on sonar scans, authorities “firmly" believe the other vehicles with victims inside are encased in superstructures and concrete from the collapsed bridge, Butler said.
27.03 / 18:29
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Pennsylvania county joins other local governments in suing oil industry over climate change
A large suburban Philadelphia county has joined dozens of other local governments around the country in suing the oil industry, asserting that major oil producers systematically deceived the public about their role in accelerating global warming
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