Owner of ship that destroyed Key Bridge files limitation of liability action in federal court - Maryland Daily Record
thedailyrecord.com
The owner of the ship that toppled Baltimore’s Francis Scott Key Bridge appears to be seeking to cap the amount of damages that the company can be forced to pay following the deadly crash.
The Singapore-based Grace Ocean Private Ltd. indicated it will file a “limitation of liability” action in federal court Monday, invoking a little-known statute used in maritime law.
The filing itself is not yet available, but a docket in U.S. District Court in Maryland showed the company has initiated an action involving limitation of liability, a key move that maritime lawyers saidwould be likely to take place soon after the disaster.
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I’m sure the cost is already much higher than they could afford. Between the bridge itself, the cost of diverting shipping and the economic impact of said diversion.
That's what insurance is supposed to be for, assuming they had it. Getting the insurance company to actually pay out, that's a different story entirely.
Then they get to liquidate some assets to pay for the replacement costs.
The crew looks like they went to the extreme to avoid the collision, contacting as many authorities as possible to try to save human lives. I feel bad for them because they did everything possible and it still ended in a disaster.
It wasn’t their fault the boat was ill maintained and lost power at a critical moment. The company can bear the cost.
Plus loss of human life.
Don't forget the workers lost as well. Not sure if that would have to go through different civil suits.
According to my reading of the article, assuming the limit is upheld, the worker's families would be getting the money that comes out of this. The bridge and port would be the losers.