Record $2.25 Billion Settlement Reached in Baltimore Key Bridge Collapse Case

The State of Maryland has finalized a $2.25 billion settlement with the owner and operator of the containership Dali, marking the largest legal recovery in maritime history and a major milestone in the aftermath of the catastrophic collapse of Baltimore’s Francis Scott Key Bridge.

The agreement resolves claims brought by Maryland against Singapore-based Grace Ocean Private Limited and Synergy Marine Pte. Ltd., the owner and operator of the Singapore-flagged M/V Dali, which struck the bridge on March 26, 2024, causing its collapse and killing six construction workers.

The settlement was announced Tuesday by law firm Kelley Drye, which served as assistant counsel