The owner and manager of the Dali container ship that crashed into Baltimore’s Francis Scott Key Bridge have filed a court petition to limit their legal liability for the incident.
According to the Associated Press, the companies’ joint filing was submitted on April 1, and would look to limit their liability to $43.6 million. That number deducts $28 million in repair costs and around $19.5 million in salvage costs. The companies also estimate that the Dali is worth up to $90 million and was owed $1.1 million in freight income.
Based out of Singapore, Grace Ocean Private Ltd. owns the vessel. Synergy Marine Pte Ltd. — also in Singapore — manages it.
Credit agency Morningstar DBRS says that the collapse could end up as the most expensive marine insured loss ever, estimating costs to run between $2 billion and $4 billion. The previous record of $1.5 billion came from 2012’s Cost Concordia cruise ship disaster in Italy.
Two bodies were found in the water after the Key Bridge collapsed on March 26, while another four people have been presumed dead. All vessel traffic through the main channel to the Port of Baltimore has been halted since the incident. Small ships primarily used for clean-up efforts were permitted to move through a new, smaller secondary channel on April 2.
