Fortune: #Singaporean firm whose ship took down the #BaltimoreBridge just cited an 1851 maritime #law to cap liability at $44 million.

Singapore-based Grace Ocean Private Ltd. owns the #Dali, the vessel that lost power before it slammed into the bridge early last Tuesday. Synergy Marine Pte Ltd., also based in Singapore, is the ship’s manager.

https://fortune.com/2024/04/01/baltimore-francis-scott-key-bridge-liability-cap-44-million-singapore/

Singaporean firm whose ship took down the Baltimore bridge just cited an 1851 maritime law to cap liability at $44 million

The companies' “limitation of liability” petition is a routine procedure for cases litigated under U.S. maritime law.

Fortune