Baltimore bridge collapse:

Damage and significant disruption to supply chain

The Francis Scott Key Bridge in Baltimore collapsed on Tuesday after a large container ship ran into it, leading to six presumed deaths and millions of dollars in possible damage.

It's still too early to estimate the total economic impact of the disaster, but between the cost of rebuilding the decades-old bridge, compensating the victims' families, and paying out damages for disruptions to the supply chain, the eventual cost of the disaster is expected to be significant.

While Baltimore is not one of the largest US East Coast ports, it still imports and exports more than one million containers each year so there is the potential to cause significant disruption to supply chains. At present, the port has been temporarily shut down "until further notice," with traffic redirected away from the bridge. Vehicular movement will be disrupted due to the collapse, as the bridge served as a crucial link in the area. Shipping operations may also be impacted due to debris in the water.

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