Key Points
The bridge collapse that closed the Port of Baltimore has raised concerns about the disaster's potential impact on the global supply chain...
Authorities have warned that extensive work is needed before the major port can reopen following Tuesday's catastrophic cargo ship collision, which has blocked the harbour's entrance...
The port closure is expected to primarily impact US exports of coal and imports of cobalt, according to ratings agency S&P Global...
The accident is expected to disrupt coal exports from Baltimore for 10 to 15 days but market participants suggested it would have "limited pricing impacts amid well-stocked markets", S&P added...
Coal exports from Baltimore jumped to 28 million short tons in 2023, mainly due to growing demand from Asia, according to the US Energy Information Administration...
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Baltimore Bridge Collapse to impact coal-cobalt flow, disrupting trade at major US port
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