Loss of Profits Insurance: Port Blockage
Arising out of the Baltimore Bridge Collapse due to the impact by vessel MV Dali, there is complete shutdown of the port of Baltimore, one of the busiest ports in the United States. All inbound and outbound traffic of the port remains suspended, adversely impacting supply chains. The collapsed bridge needs to be removed and the shipping channel cleared for shipping to resume. This is likely to take time.
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