Previous close | 6.50 |
Open | 6.50 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 6.45 - 6.50 |
52-week range | 6.26 - 10.60 |
Volume | |
Avg. volume | 428,990 |
Market cap | 20.467B |
Beta (5Y monthly) | 1.19 |
PE ratio (TTM) | 5.69 |
EPS (TTM) | 1.14 |
Earnings date | N/A |
Forward dividend & yield | 0.37 (5.77%) |
Ex-dividend date | 15 Mar 2024 |
1y target est | N/A |
The owner, operator and charterer of the container ship that struck Baltimore’s Francis Scott Key Bridge on Tuesday are likely to face lawsuits over its collapse and the people killed or injured, but legal experts say U.S. maritime law could limit the companies’ liability. U.S. laws pertaining to open-water navigation and shipping, which are created through court decisions and by acts of Congress, could restrict the kinds of lawsuits filed against the registered owner of the Singapore-flagged ship, Grace Ocean Pte Ltd, its manager Synergy Marine Group and its charterer Maersk, and could limit the damages they would have to pay, three legal experts told Reuters. The economic damages suffered by the city of Baltimore from the closure of the port, the busiest port for car shipments in the U.S., or by businesses that rely on it and the now-collapsed bridge would not be recoverable through lawsuits, said Martin Davies, director of the Maritime Law Center at Tulane University School of Law.
Predicting the fallout from an event like the Baltimore bridge collapse can be difficult. The stock market, however, is ruthless in its predictive efficiency. Consol’s business runs through the Port of Baltimore, where the company owns its Marine Terminal.
The pilot of the cargo freighter that knocked down a highway bridge into Baltimore Harbor had radioed for tugboat help and reported a power loss minutes earlier, federal safety officials said on Wednesday, citing audio from the ship's "black box" data recorder. The head of the National Transportation Safety Board also said that Francis Scott Key Bridge, a traffic artery over the harbor built in 1976, lacked structural engineering redundancies common to newer spans, making it more vulnerable to a catastrophic collapse. New insights into the fatal disaster emerged a day after the massive Singapore-flagged container ship Dali sailing out of Baltimore Harbor bound for Sri Lanka reported losing power and the ability to maneuver before plowing into a support pylon of the bridge.