Maryland settles with owner and operator of ship that struck Key Bridge
AP News • • nation
Key Points:
- Maryland has reached a settlement in principle with Grace Ocean Private Limited and Synergy Marine Pte Ltd, owner and operator of the M/V Dali, which crashed into Baltimore's Francis Scott Key Bridge in March 2024, causing its deadly collapse.
- The settlement resolves part of the state's claims related to the incident, which disrupted the Port of Baltimore, devastated livelihoods, and caused ongoing economic impacts throughout Maryland.
- The companies also reached a $350 million settlement with ACE American Insurance Company, matching the insurance policy limit paid to Maryland.
- The Maryland Transportation Authority estimates the cost of a new bridge to be between $4.3 billion and $5.2 billion, with an expected reopening by late 2030.
- The settlement does not cover claims against the shipbuilder Hyundai, and the state's lawsuit alleges negligence and reckless operation of the vessel, which suffered a steering failure due to power loss before the crash.
