Officials said that after crews started to release the straps holding the containers down, they started to fall into the water, sparking the domino effect.

A light oil sheen, a sprained ankle and waterlogged cargo includes some of the damage when approximately 75 cargo containers fell off a stationed vessel named the Mississippi and crashed into a barge at the Port of Long Beach on Tuesday morning.

The global cargo marine insurance market remains stable but faces mounting uncertainty from tariffs and shifting trade patterns, according to the International Union of Marine Insurance (IUMI). At IUMI's annual conference in Singapore,

The port announced the deal in December. On Wednesday, commissioners finalized it, approving a seven-year lease with California’s Harbor Industrial.