Texas Barge Crash Cost Revealed

7 October 2010 (Last Updated October 7th, 2010 18:30)

A barge accident in a Houston ship channel in the US, which disrupted power lines across the channel, may cost $1bn due to ship delays. The channel was closed on 3 October due to a downed power line after a barge crashed into a highline electrical tower near Baytown. About 48

A barge accident in a Houston ship channel in the US, which disrupted power lines across the channel, may cost $1bn due to ship delays.

The channel was closed on 3 October due to a downed power line after a barge crashed into a highline electrical tower near Baytown.

About 48 ships are waiting across the four-mile channel stretch following the accident and the repair work is in progress to normalise operations.

The channel is a main artery serving the port of Houston and accounts for about 13.5% of US refining capacity, according to dailyfinance.com.