Current:Home > StocksSignalHub-Traffic resumes through Baltimore’s busy port after $100M cleanup of collapsed bridge -Edge Finance Strategies
SignalHub-Traffic resumes through Baltimore’s busy port after $100M cleanup of collapsed bridge
Algosensey Quantitative Think Tank Center View
Date:2025-04-10 01:41:42
BALTIMORE (AP) — Authorities anticipate commercial shipping traffic through the Port of Baltimore will soon return to normal levels since the channel fully reopened earlier this week for the first time since the Francis Scott Key Bridge collapse.
“They are SignalHubback open for business, ready to bring in the largest container ships that call there,” U.S. Coast Guard Rear Admiral Shannon Gilreath said during a virtual press briefing Tuesday afternoon.
Some shipping companies rerouted their cargo to other ports following the deadly bridge collapse in March. The disaster halted most maritime traffic through Baltimore’s busy port as crews worked around the clock to clear an estimated 50,000 tons of fallen steel and concrete from the Patapsco River — a roughly $100 million effort that involved federal, state and local agencies, officials said.
Companies that steered clear of Baltimore during the cleanup efforts will likely come back now that the channel has been returned to its original depth and width, officials said. The city’s port processes more cars and farm equipment than any other in the country.
All that rerouted commercial traffic “belongs in Baltimore today,” U.S. Transportation Secretary Pete Buttigieg said. “We have every indication that that is what is taking place, but we will be reinforcing that expectation as we speak with players up and down the supply chains.”
Crews were able to reopen portions of the deep-draft channel in phases, restoring some commercial traffic in recent weeks. Some cruise ships and large container ships have already passed through, officials said.
But thousands of longshoremen, truckers and small business owners have seen their jobs impacted by the collapse and its economic ripple effects, which extend well beyond the Baltimore region.
Officials estimated the salvage operations will cost up to $75 million, while the Coast Guard response has cost $24 million to date.
Rebuilding the bridge could cost nearly $2 billion, officials have said. They hope it’s completed by 2028.
The Biden administration approved $60 million in immediate federal aid, which Buttigieg referred to as “a down payment on the work ahead.” All of that aid has been committed, said White House Deputy Chief of Staff Natalie Quillian.
President Joe Biden has pledged that the federal government will cover the full cost of rebuilding the bridge, though officials said the funding is still awaiting approval from Congress.
In a statement Tuesday, Biden praised the work of everyone involved in the recovery effort to date.
“Baltimore can count on us to stick with them every step of the way, and we will continue to have your back until the bridge is rebuilt,” he said.
The cargo ship Dali crashed into a critical support column of the Francis Scott Key Bridge in the early hours of March 26, collapsing the span and sending six members of a roadwork crew plunging to their deaths. The ship had lost power shortly after leaving Baltimore for Sri Lanka. A National Transportation Safety Board investigation found it experienced power outages before starting its voyage, but the exact causes of the electrical issues have yet to be determined. The FBI is also conducting a criminal investigation into the circumstances leading up to the collapse.
The Dali remained stuck amid the wreckage for almost two months, with a massive steel truss draped across its damaged bow. On May 20, the ship was refloated and guided back to port. That allowed officials to open a channel that was 50 feet (15 meters) deep and 400 feet (122 meters) wide, big enough for most of the largest commercial vessels.
The full federal shipping channel is 700 feet (213 meters) wide. Officials said two-way traffic can resume now that it has reopened. They said additional safety requirements have also been lifted because of the increased width.
veryGood! (1715)
Related
- The Daily Money: Spending more on holiday travel?
- Detroit Pistons lose NBA record 27th straight game in one season
- Teddi Mellencamp Gets Shoulder Skin Cut Out in Surgery Amid Cancer Battle
- Utah Couple Dies in Car Crash While Driving to Share Pregnancy News With Family
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- The number of wounded Israeli soldiers is mounting, representing a hidden cost of war
- US announces new weapons package for Ukraine, as funds dwindle and Congress is stalled on aid bill
- New Orleans landlord gifts tenants 1 month of free rent for holidays: Better than Santa Claus
- Rylee Arnold Shares a Long
- Denver police investigating threats against Colorado Supreme Court justices after ruling disqualifying Trump from holding office
Ranking
- DoorDash steps up driver ID checks after traffic safety complaints
- Juvenile sperm whale euthanized after stranding on North Carolina beach
- Packers suspend CB Jaire Alexander for 'detrimental' conduct after coin toss near-mistake
- Hong Kong man jailed for 6 years after pleading guilty to a terrorism charge over a foiled bomb plot
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Man arrested in stabbing at New York’s Grand Central Terminal charged with hate crimes
- Amazon to show ads in Prime Video movies and shows starting January 29, 2024
- Mississippi health department says some medical marijuana products are being retested for safety
Recommendation
Federal Spending Freeze Could Have Widespread Impact on Environment, Emergency Management
Is Caleb Williams playing in the Holiday Bowl? USC QB's status for matchup vs. Louisville
Khloe Kardashian Unveils New Family Portrait With Kids True and Tatum
Inside the unclaimed baggage center where lost luggage finds new life
US appeals court rejects Nasdaq’s diversity rules for company boards
A helicopter crashes into a canal near Miami and firefighters rescue both people on board
Online retailer Zulily says it will go into liquidation, 'wind-down' the business
Mississippi health department says some medical marijuana products are being retested for safety