WKYT | Lexington, Kentucky | News

Quake threatens important Chilean economic sectors

TALCAHUANO, Chile (AP) - The earthquake and tsunami that hit Chile and coastal areas could be having a devastating economic impact.

One port city saw $40 million in business from the annual anchovy and sardine catch wiped out.

The large ships that fish Chile's rich waters far out to sea rode out the tsunami and can deliver their catches to unaffected ports.

But a fishing spokesman says an estimated 1,000 boats that stick closer to shore were destroyed.

Less than 100 miles away, the mammoth quake downed bridges and opened up vast crevices on the nation's only north-south highway. That paralyzed the export lifeline for the nation's renowned farm-raised salmon industry.

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