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Singapore-flagged containership Dali collided with the Francis Scott Key Bridge early Tuesday, causing the bridge to collapse tragically. In response, the Port of Baltimore was suspended to vessel traffic. With no timeline at present for reopening, vessels currently waiting at anchorage (which are not stranded upstream) or those currently en-route to Baltimore could possibly reroute, adding to tonnage supply in the North Atlantic.

A significant amount of coal from the US is exported from two terminals at Baltimore, which according to 2023 volumes, could indicate a potential impact of about 1 Kamsarmax sailing a day. In 2023, India was the largest importer of coal from Baltimore, followed by China.