Luke McFadden, a craft fisherman from Maryland, details the local community’s response to the aftermath of the Baltimore Bridge collapse.
Carnival Corporation announced Wednesday that the collapse of the Francis Scott Key Bridge in Maryland could have a negative impact on full-year earnings.
The cruise line operator told shareholders that “we currently estimate an impact of up to $10 million on both adjusted EBITDA and EBITDA.” [earnings before interest, taxes, depreciation and amortization] and full-year 2024 adjusted net income. ”
The bridge fell into the Patapsco River near Baltimore early Tuesday morning. The collapse was caused by a large container ship colliding with one of the pillars.
After the collapse, several vehicles on the commuter bridge fell into the water. Rescue teams began searching for the victim who fell into the Patapsco River. (Al Drago/Bloomberg/Getty Images)
The nearby Port of Baltimore has seen some disruption caused by the Francis Scott Key Bridge disaster, suspending ship traffic “until further notice,” but said Tuesday that “trucks are still at the marine terminal.” It is being handled internally.”
Baltimore Bridge Collapses Port Shutters Indefinitely, Impacting Supply Chains
Carnival, which departs from the Port of Baltimore on certain cruises, said it has not factored in the estimated $10 million impact in its 2024 outlook “given the timing of yesterday’s events in Baltimore and the temporary change in home port.” Stated. The company also reported first-quarter sales of $5.4 billion, a “record high,” and a lower net loss of $214 million.
China – 12/09/2021: In this photo illustration, the logo of the British-American cruise company Carnival Corporation & Plc, currently the world’s largest travel and leisure company, is displayed on a smartphone along with an economic stock index graph. (Budrul Chukrut/SOPA Images/LightRocket via Getty Images / Getty Images)
A day earlier, the company temporarily switched its Carnival Legend ship’s homeport to Norfolk, Virginia, as the situation continued in Baltimore.
Former commercial captain warns there is ‘no way to control’ cargo ship due to mechanical error
“Fortunately, our team quickly secured a temporary homeport in Norfolk for as long as necessary,” CEO Josh Weinstein told analysts and investors on Tuesday. This should help minimize the above changes.” “I look forward to returning home to Baltimore as soon as possible.”
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| CCL | Carnival Co., Ltd. | 17.57 | +0.53 | +3.11% |
More than 444,000 people took cruises at the Port of Baltimore’s cruise terminal last year on cruises operated by companies such as Carnival, Norwegian and Royal Caribbean, according to the Maryland State Archives.
Aerial view of the cargo ship Dali, which collapsed after colliding with the Francis Scott Key Bridge in Baltimore, Maryland, on March 26, 2024. (Photo credit: Tasos Katapodis/Getty Images / Getty Images)
This port also facilitates considerable trade. For example, a record 52.3 million tons of foreign cargo passed through here in 2023, the Maryland Governor’s Office announced.
Francis Scott Key Bridge Collapse: Breaking News About the Port of Baltimore
The Maryland Governor’s Office also said that no other U.S. port handled as much “imported cargo” as the Port of Baltimore last year, including “automobiles and light trucks, roll-on and off-grid agricultural and construction equipment, imported sugar, and imported gypsum.” He said there was no such thing.
