Following the catastrophic collapse of the Baltimore Key Bridge, attributed to the MV Dali's collision, the ship's owners are seeking to limit their financial liability. The Singaporean firm, Grace Ocean and Synergy, which owns the Dali, has invoked a maritime law from 1851 to cap their liability at $43.6 million, aligning with the vessel's value. This move has sparked controversy, especially since the Dali was reportedly sitting on gas lines and caused a significant power outage. The incident has raised questions regarding the adequacy of the $3.1 billion insurance coverage and the potential application of the so-called 'Titanic law' to shield the owners from greater financial responsibility. Critics argue that this legal maneuver reflects a broader issue where shipping and oil industries lobby to maintain laws that limit their liability in disasters.
A 173-year-old law that limits shipping liability could help protect the company that owns the ship that crashed into the Key Bridge in Baltimore last week. https://t.co/N92jdQxTgr
Big Oil and shipping interests have lobbied for years to keep a law on the books that caps their liability following deadly disasters. The company linked to the Baltimore Key Bridge collapse aims to use it to avoid paying damages and compensation. https://t.co/N92jdQxlqT
The Singaporean firm whose ship took down the Baltimore bridge just cited an 1851 maritime law to cap liability at $44 million. https://t.co/VRy8Zk21WF
Owners of Cargo Ship Behind Baltimore Bridge Collapse: Don't Blame Us https://t.co/HWYov1LCwn https://t.co/mkX2YCqfhX
Dali owners deny fault for Baltimore bridge collapse and demand lawsuits be capped at price of the boat https://t.co/gieWNNVWhV https://t.co/7sqVTNmZIy
Baltimore Boxship's Owner Tries to Limit Liability to $44 Million "Grace Ocean and Synergy denied that they or the vessel had any responsibility for hitting the Key Bridge. Alternately, if there were any faults with the vessel, they had no "privity or knowledge" of such faults…
Could ‘Titanic law’ protect owner of ship in Baltimore bridge crash? https://t.co/iUijMUm5cI https://t.co/xjfsZE7xLb
Dali owners DENY fault and demand lawsuits be capped at $43.6million - the cost of the boat that crashed into the Baltimore Key Bridge sparking deadly collapse https://t.co/uG99rwUEac https://t.co/Gu5aW1U3tU
Baltimore Boxship's Owner Tries to Limit Liability to $44 Million #maritime #shipping #uscg #usace #KeyBridgeCollapse https://t.co/i1JwcheNfb
MV Dali and the Francis Scott Key Bridge | Mar 31 Update & Who Pays? 1️⃣Update on MV #Dali and #KeyBridgeNews 2️⃣ Review of Power Outage on Dali 3️⃣Dali Sitting on Gas Lines 4️⃣Insurance Implications 5️⃣$3.1 Billion in #Insurance! #BaltimoreBridgeCollapse https://t.co/EicwajB0SQ