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Baltimore Bridge collapse is port version of global pandemic: 'It's so quiet it's scary'

Businesses and workers that provide services based on the Port of Baltimore's maritime activities are already feeling the pain as all vessel traffic in the Port of Baltimore is halted. Francis Scott Key Bridge Collapse.

Teresa Abell, operations manager for Davis Ship Services, a logistics company that provides trash removal, engine part replacement and other ship support services at ports, told CBS MoneyWatch that 100% of the company's work is port-related. He said he was doing it.

For decades, Abel received a steady stream of calls and emails from ship operators requesting the company's services. The phone is silent now. “It's scary how quiet it is. No emails, no phone calls,” she said.

The 10-employee company's warehouse stores ship parts for ships that enter the port. She expects the warehouse to be empty by the end of the week as ships at sea are diverted to nearby ports and no new orders will come in.

“It's been repurposed, so we're shipping the packages. Yesterday, we sent four or five boxes to New York,” Abel said.


New video showing aftermath of Baltimore bridge collapse

04:45

Davis Ship Services continues to service several ships already docked in the Port of Baltimore. when the bridge collapsed. “They need things and they have to pump the sewage while they’re here, but it’s very quiet,” she said.

“If ships don't come into port, my market doesn't exist,” said Michael Moss, owner of Moss Marine, another small business that does technical ship repairs at the port.

He said he might be able to help fix Dali. A ship collided with the Key Bridge.

“They're going to have to spend some money at the port before they leave so they can travel safely. They're going to have to do something in my turf, whether it's me as a contractor or someone else. “It won't have to be,” he said. Otherwise, it is expected that the ship will be called to other nearby ports for servicing, requiring travel and increasing the cost of the service for the customer.

“It's going to cost more for them because I have to travel. It's an inconvenience,” he said.

A bigger disruption than the new coronavirus infection

In fact, Maryland Senate President Bill Ferguson told CBS MoneyWatch on Wednesday that any business in the Port of Baltimore would be “seriously challenged” by the bridge collapse.

Mr Ferguson called the event the port's version of a “global pandemic” and compared the potential havoc to the business and employment impact of COVID-19, which has caused severe disruption. supply chain.

Port operations directly support 15,000 jobs. Indirectly, the port supports an additional 140,000 jobs in hospitality and other industries, making it a major economic driver for the region. Longshoremen are employed by a variety of companies, including trucking companies, container repair companies, and tugboat operators. Mr Ferguson added that unless such businesses receive meaningful financial support soon, the economic outlook is bleak.

“The range of businesses and jobs affected is incredibly diverse,” Ferguson said. “We have companies that repair hinges on cargo containers, we also have bay pilots, longshoremen, longshoremen. At the moment, everyone is affected.”

Unlike some industrial and commercial activities, the Port of Baltimore was able to withstand COVID-19 because international trade continued. “The port remained operational and port-related businesses were considered essential,” Ferguson said. “However, this would cut off international trade in the region.”

Expected workforce reductions

Ferguson said he has spoken to small business owners who expect to have to lay off employees in the coming weeks because new business is not coming in.

“We're trying to put together a bill for these small businesses that are trying to find ways to keep their employees employed and utilize them even when the ports are closed,” Ferguson said.

It is also essential that they receive assistance as soon as possible. “They can't wait because the ports are closed today,” Ferguson said.


Baltimore bridge collapse investigation could take up to two years, officials say

01:58

The collapse of the bridge forced even Mr. Ferguson to reconsider how important the port was to the region. “Sometimes we take it for granted because it's always been there, but not now,” he said.

Cruise line operator Carnival told shareholders that the bankruptcy could cost them up to $10 million in revenue, while its labor union said thousands of its members could lose their jobs.

said Scott Cowan, Baltimore local president of the International Longshoremen's Association. WTOP News 2,400 ILA members “will soon be out of work”.

To that end, the Maryland General Assembly is currently drafting emergency legislation that would: provide direct support To affected companies.

Another key element of the bill is providing incentives to encourage port companies to maintain a presence in Baltimore, Ferguson said.

Does not affect the overall US economy

While it is clear that a bridge collapse would have a significant impact on the local economy, this accident does not have a significant impact on the overall U.S. economy.

Nevertheless, the port is the 15th largest in the country and handles only 1.5% of the country's container traffic, so an extended closure will have no impact on GDP or inflation.” said Paul Ashworth, chief North American economist at Capital Economics. Research notes.

Summarize this content to 100 words Businesses and workers that provide services based on the Port of Baltimore's maritime activities are already feeling the pain as all vessel traffic in the Port of Baltimore is halted. Francis Scott Key Bridge Collapse.Teresa Abell, operations manager for Davis Ship Services, a logistics company that provides trash removal, engine part replacement and other ship support services at ports, told CBS MoneyWatch that 100% of the company's work is port-related. He said he was doing it.For decades, Abel received a steady stream of calls and emails from ship operators requesting the company's services. The phone is silent now. “It's scary how quiet it is. No emails, no phone calls,” she said.

The 10-employee company's warehouse stores ship parts for ships that enter the port. She expects the warehouse to be empty by the end of the week as ships at sea are diverted to nearby ports and no new orders will come in. “It's been repurposed, so we're shipping the packages. Yesterday, we sent four or five boxes to New York,” Abel said.

New video showing aftermath of Baltimore bridge collapse

04:45

Davis Ship Services continues to service several ships already docked in the Port of Baltimore. when the bridge collapsed. “They need things and they have to pump the sewage while they’re here, but it’s very quiet,” she said.

“If ships don't come into port, my market doesn't exist,” said Michael Moss, owner of Moss Marine, another small business that does technical ship repairs at the port. He said he might be able to help fix Dali. A ship collided with the Key Bridge. “They're going to have to spend some money at the port before they leave so they can travel safely. They're going to have to do something in my turf, whether it's me as a contractor or someone else. “It won't have to be,” he said. Otherwise, it is expected that the ship will be called to other nearby ports for servicing, requiring travel and increasing the cost of the service for the customer.”It's going to cost more for them because I have to travel. It's an inconvenience,” he said.

A bigger disruption than the new coronavirus infectionIn fact, Maryland Senate President Bill Ferguson told CBS MoneyWatch on Wednesday that any business in the Port of Baltimore would be “seriously challenged” by the bridge collapse.Mr Ferguson called the event the port's version of a “global pandemic” and compared the potential havoc to the business and employment impact of COVID-19, which has caused severe disruption. supply chain.Port operations directly support 15,000 jobs. Indirectly, the port supports an additional 140,000 jobs in hospitality and other industries, making it a major economic driver for the region. Longshoremen are employed by a variety of companies, including trucking companies, container repair companies, and tugboat operators. Mr Ferguson added that unless such businesses receive meaningful financial support soon, the economic outlook is bleak. “The range of businesses and jobs affected is incredibly diverse,” Ferguson said. “We have companies that repair hinges on cargo containers, we also have bay pilots, longshoremen, longshoremen. At the moment, everyone is affected.”Unlike some industrial and commercial activities, the Port of Baltimore was able to withstand COVID-19 because international trade continued. “The port remained operational and port-related businesses were considered essential,” Ferguson said. “However, this would cut off international trade in the region.”Expected workforce reductionsFerguson said he has spoken to small business owners who expect to have to lay off employees in the coming weeks because new business is not coming in. “We're trying to put together a bill for these small businesses that are trying to find ways to keep their employees employed and utilize them even when the ports are closed,” Ferguson said.

It is also essential that they receive assistance as soon as possible. “They can't wait because the ports are closed today,” Ferguson said.

Baltimore bridge collapse investigation could take up to two years, officials say

01:58

The collapse of the bridge forced even Mr. Ferguson to reconsider how important the port was to the region. “Sometimes we take it for granted because it's always been there, but not now,” he said. Cruise line operator Carnival told shareholders that the bankruptcy could cost them up to $10 million in revenue, while its labor union said thousands of its members could lose their jobs. said Scott Cowan, Baltimore local president of the International Longshoremen's Association. WTOP News 2,400 ILA members “will soon be out of work”.To that end, the Maryland General Assembly is currently drafting emergency legislation that would: provide direct support To affected companies. Another key element of the bill is providing incentives to encourage port companies to maintain a presence in Baltimore, Ferguson said.Does not affect the overall US economyWhile it is clear that a bridge collapse would have a significant impact on the local economy, this accident does not have a significant impact on the overall U.S. economy.

”Nevertheless, the port is the 15th largest in the country and handles only 1.5% of the country's container traffic, so an extended closure will have no impact on GDP or inflation.” said Paul Ashworth, chief North American economist at Capital Economics. Research notes.

Megan Cerullo

Megan Cerullo is a reporter for CBS MoneyWatch based in New York, where she covers small business, workplace, health care, consumer spending, and personal finance topics. She regularly appears on her CBS News streaming to discuss her own coverage.

https://www.cbsnews.com/news/baltimore-bridge-collapse-port-businesses-workers-jobs/ Baltimore Bridge collapse is port version of global pandemic: 'It's so quiet it's scary'

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