Baltimore port bridge collapse: Global ocean carriers declare ‘force majeure,’ leaving U.S. companies on hook for urgent cargo pickup
The Port of Baltimore is going to be closed for a long time from this accident & bridge collapse.
Ocean carriers are declaring “force majeure” due to the Baltimore port bridge crisis, telling logistics companies and U.S. shippers including retailers that once cargo is dropped off at alternate ports, it becomes their responsibility to pick up.
The Port of Baltimore is also No. 1 in the U.S for auto/light truck and agriculture tractor imports and exports.
The supply chains for major wood panel importers, including Lumin Forest Products, Sudati, and Arauco, also rely heavily on Baltimore.
The Dali unloaded freight on March 24 which included clothing and household goods that could be on the diverted vessels, also ranged from approximately 80 containers of Satsuma mandarin oranges, approximately 74 containers of IKEA products and furniture to 104 containers of Electrolux products including chest freezers, air conditioners, and microwaves.
This is A Logistics Nightmare... Supply Chain Problems Will Be Here Again
#Baltimore #Dali #FrancisScottKeyeBridge #News #ShippingNews #SupplyChain #CNBC
Baltimore port bridge collapse: Global ocean carriers declare 'force majeure,' leaving U.S. companies on hook for urgent cargo pickup
Ocean container vessel giants including CMA CGM and COSCO are declaring force majeure due to Baltimore port bridge accident, leaving shippers on hook for cargo.Lori Ann LaRocco (CNBC)
