Maryland Secures Record $2.25 Billion Settlement for Key Bridge Collapse
Maryland has finalized a $2.25 billion settlement with the owner and operator of the container ship Dali, establishing the largest maritime legal recovery in history following the Baltimore Key Bridge collapse. This agreement resolves claims for damages and recovery costs.
The State of Maryland has reached a $2.25 billion settlement with the owner and operator of the container vessel *Dali*, which was involved in the collapse of the Francis Scott Key Bridge in Baltimore. This agreement represents the largest maritime legal recovery ever recorded, addressing the extensive damages and recovery expenses incurred from the incident.
The settlement resolves all claims brought by the State of Maryland against Grace Ocean Private Ltd., the owner, and Synergy Marine Pte. Ltd., the operator of the *Dali*. The funds are intended to cover the costs associated with the bridge's reconstruction, the extensive salvage operations, and other related economic impacts.