Key Baltimore bridge collapses after collision

I dont anticipate much of a loss in shipping capacity. Covid had the ports flexing up so high on the east coast that they will be able to absorb the increased volume to offset Baltimore fairly fluidly in my opinion. The bigger ports have another 20% they can handle. Probably be some minor cost increases for longer drives and more competition at the remaining ports might inch up some prices. We ship almost nothing through Baltimore using primarily New York, Norfolk, Savanaha and Charleston. The bigger issue right now is the Red Sea delays.

Maersk still not using red sea.

Maersk Operations through Red Sea / Gulf of Aden.
22 March 2024 – Update 08
Over the recent weeks, European Union security operation Aspides has taken shape and we welcome this as a very positive development to increase the safety in the region and reduce in the future the risk of threat to the vessels passing through the Red Sea and the Bab el Mandeb Strait specifically. We are in continuous dialogue with the representatives of this joint operation and we monitor its development. We hope that it will – together with other initiatives already ongoing (such as Operation Prosperity Guardian), as well as future ones – enable the safe return of regular operations via the Red Sea.

Regretfully, both our internal analysis, as well as insight we received from external sources, still indicates that the risk level in the region remains elevated. We have seen attacks on commercial vessels increase in numbers, including the tragic attack on the vessel True Confidence, which resulted in the death of three crew members, and the sinking of the vessel Rubymar, which is posing a serious environmental risk. These incidents unfortunately highlight the lethal effectiveness of missiles currently used by Houthi attackers and are one of the reasons for the elevated security risk we have in place at the moment.

At Maersk, we are aware that some other shipping lines have continued sailing through the Red Sea despite security risks or have announced their plans to resume sailing. We respect the right of each carrier to make such decisions individually. At the same time, we continue with our own assessment that current situation does not allow us to make a similar decision and with thus still believe that sailing via the Cape of Good Hope and around Africa is the most reasonable solution at the moment and the one that currently allows the best supply chain stability. Network changes are complex and take time to implement and we believe we should only implement such changes when they can be sustained over a longer period of time. We continue to believe it is the only way to avoid further disruption under the current circumstances.