ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Barge strikes China bridge, killing 5 and sending vehicles plunging into water

Five people are reported dead in China after a barge hit a bridge, causing the roadway to collapse and sending vehicles plunging into the water below.

Five people were killed in China on Thursday after a barge struck a bridge near the southern city of Guangzhou, causing the roadway to collapse and sending vehicles plunging into the water. 

Three small trucks, a minibus and a scooter fell off the Lixinsha Bridge around 5:30 a.m. after one side of the ship hit a bridge support. Then, the bow hit another pillar, causing a section of the bridge deck to crumble, authorities said. 

Video broadcast by Chinese state television shows that debris from the roadway fell into the barge below, along with the minibus, the scooter and one of the trucks. The other trucks went into the water. 

Chinese authorities are blaming the disaster on "improper operation by the crew" of the ship and reportedly have detained the vessel’s owner. 

FLASH FLOODING CAUSES CHINESE BRIDGE TO COLLAPSE, 2 CARS FALL INTO RIVER BELOW 

The dead include the drivers of the minibus and scooter and three people in the trucks that went into the river, officials said, according to The Associated Press. 

Two other people were treated at a hospital for injuries and were in stable condition. A crew member on the ship had minor injuries. 

DEADLY 200-CAR PILEUP ON FOGGY CHINESE BRIDGE CAUGHT ON VIDEO 

The collapse of the Lixinsha Bridge also cut off water and access to an island that is home to about 8,000 people, mostly farmers, state broadcaster CCTV reported. Temporary water lines and a ferry service were set up for residents. 

Local officials said more than 100 emergency workers, including six divers and about 15 boats, were involved in the disaster recovery effort, Reuters reports. 

The news agency also cited CCTV as reporting that work to strengthen the bridge – which began in 2022 over safety concerns – was ongoing despite multiple delays and was expected to be finished by August. 

Fox News’ Callie Cassick and The Associated Press contributed to this report. 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.