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Cargo ship owner to pay $100 million over Baltimore bridge collapse, DOJ says

  • The owner and manager of the cargo ship caused by the Baltimore bridge collapse agreed to pay more than $100 million to settle a lawsuit from the Justice Department.
  • The settlement was reached after the Justice Department sued Grace Ocean Private Ltd. and Synergy Marine Group for $103 million in cleanup costs resulting from the incident.
  • The state of Maryland estimates rebuilding the bridge will cost $1.7 billion to $1.9 billion and could be completed by autumn 2028.
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The Business Journal broke the news in on Thursday, October 24, 2024.
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