Posted on 03/28/2024 8:20:16 AM PDT by Red Badger
The figure I’ve heard reported is that the blockage of most of Baltimore harbor is costing approximately $100,000,000 per day. That’s getting into Trump’s so-called fraud judgement territory pretty quickly.
Bridge wreckage has to be removed from the ship and the ship moved before clearing the bridge wreckage from the shipping channel can even begin.
What’s Going On With Shipping has a new video out today describing what needs to happen, first of all, having one person in charge of the rather complex operation involving so many private and public entities.
The reports say 6 people were missing——
ARE ALL of those 6 the workers on the bridge repair crew???
OR are there missing motorists???
I am confused
They do. But this much all at once puts a strain on the system.
Not shedding any tears for the insurance companies, but spin aside, this is a significant story.
The ONLY EXERCISE BIDEN GETS:
Stumbling on stairs
Tripping on platforms
JUMPING TO CONCLUSIONS ABOUT rebuilding a bridge
BETCHA HE WILL STRIVE FOR 15%-—His time is running out——
Biden will be gone before this bridge gets rebuilt
The port can run without a bridge
Betcha you are right on!!
10% seems so paltry, these days.
Sketchy ownership* (Grace Ocean Private Ltd), Singapore flagged, Indian managed and crewed (Synergy Marine), Danish chartered (Maersk).
*Singapore based Grace Ocean Private is owned by Grace Ocean Investment Limited in BVI, known for its banking secrecy and hiding money for the uber rich. Grace Ocean Private was based in Hong Kong, but moved to Singapore, though Lloyd's reported them still in HK as recently as 2021. You can also be sure the insurance group will not blindly pay whatever the Baltimore Port demands. For example, delays that are not directly attributable to the incident (bureaucratic, labor, environmental lawsuits, etc) won't be covered, nor will many financial impacts. They will also fight over the value of the old bridge (depreciation) and the cost of the new bridge. They will probably get a bid from a Chinese company that will complete the project for half the price of a US company.
“ 10% seems so paltry, these days.”
What?
10% is what he charges his family. You think he doesn’t charge us hated Americans close to 100%. As in that bridge wot get rebuilt
You think these people play by rules?
All workers. They had just enough warning to stop traffic. The foreman had just given the order to get the work crew off the bridge when it collapsed.
The 6 are crew members, 2 of which have been recovered, 4 still missing.
Divers have found vehicles..............
Biden Administration bailing out insurance companies now.
Synergy Marine Group that owned the Dali is based in Singapore. This is Joe helping out his Chi-com buddies again. Guaranteed he'll be getting his cut.
And why does that matter? Does being flagged in Singapore make it less liable?
“Does being flagged in Singapore make it less liable?”
Yes, it does. Sort of like how incorporating in Delaware protects American firms from liabilities in other states.
Synergy doesn't own the Dali, they manage it. It's kind of like if you own a home and hire a management company to rent it out. The owner is Singapore based Grace Ocean Private, which is owned by BVI (where rich folks hide their money) based Grace Ocean Investments. Grace Ocean Investments in BVI is the "Beneficial Owner" of Dali, while Grace Ocean Private in Singapore holds title. I'm sure there is a reason the company is based in BVI, and that is probably the banking secrecy and financial protection/insulation offered there.
yes, true, but $50M won’t bring down a reinsurer....and if they were / are doing derivatives, that would be highly illegal.
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