The collapse of the Francis Scott Key Bridge has halted maritime traffic at the Port of Baltimore, leading to an estimated daily cost of $9 million and potential supply chain disruptions. While the port remains open to trucks, the incident is expected to impact workers and cause delays in package processing. In the long term, it adds pressure to already stressed supply chains, potentially shifting more freight to West Coast ports. Unlike other recent supply chain shocks, the fallout from this collapse is expected to be temporary.
DUBAI, March 24 A Chinese-owned oil tanker was attacked off Yemen today by ballistic missiles fired by Houthi rebels, who have intensified strikes on Red Sea shipping, the US.