"Limiting Liability: Ship Owners' Efforts After Key Bridge Collapse"
Companies linked to the cargo ship involved in the Key Bridge collapse are seeking protection from liability under the Limitation of Liability Act, proposing a payout cap of $43.67 million. The companies claim the casualty was not due to their fault and are subtracting repair and salvage costs from the vessel's value. The bridge collapsed after the cargo ship lost power, resulting in fatalities and ongoing salvage operations.