The settlement will cover the federal costs incurred responding to the disaster, including clearing the debris to reopen the shipping channel in June.

In a landmark settlement, the Justice Department has reached a $103 million agreement with Grace Ocean Private Ltd., the owner of the ill-fated Dali container ship, over the devastating collapse of Baltimore’s Francis Scott Key Bridge earlier this year.

The owner and manager of the cargo ship that caused the Baltimore bridge collapse have agreed to pay more than $100 million to settle a lawsuit brought by the Justice Department, officials said Thursday.

The Department of Justice has reached a settlement with two Singaporean companies tied to the cargo ship that struck Baltimore's Francis Scott Key Bridge in March, causing it to collapse and killing six construction workers.

The owner and operator of the ship that brought down Baltimore’s Key Bridge agreed to pay a $102 million fine, covering the costs the U.S. incurred responding to the disaster.

The civil probe is separate from the still-ongoing criminal investigation by the department into the events that led to the vessel's collision with the bridge.

Two Singaporean companies who owned the ship that rammed into and brought down Baltimore’s Francis Scott Key Bridge have agreed to pay just under $102m to settle a claim filed by the US government.

A $101,980,000 settlement has been reached between the United States Department of Justice (USDJ) and the owners of the DALI for their role in the collapse of the Francis Scott Key Bridge​ in March.

The Justice Department and the owner of the container ship that crashed into Baltimore's Francis Scott Key Bridge earlier this year have reached a settlement, with the ship owner agreeing to pay $100 million in civil penalties to cover the costs of responding to the disaster.

The funds will go to the budgets of federal agencies affected by the collision. Others, including the state of Maryland, are pursuing separate damages.