Costa Concordia disaster may affect cruise industry

bizmology.hoovers
The Costa Concordia, owned by Miami-based Carnival Corporation, capsized after allegedly going off course and getting too close to the rocky shore. There are many unanswered questions surrounding the recent cruise ship accident off Italy’s Tuscan coast. The Costa Concordia, owned by Miami-based Carnival Corporation, capsized after allegedly going off course and getting too close to the rocky shore. The Costa Concordia carried about 4,200 passengers and crew members. As of January 19, 2011, 11 people were announced dead and 22 more were still missing. The incident will be investigated, likely answering many questions regarding the circumstances of the disaster. Read More

Costa Concordia wreck won’t sink Carnival Corp’s profits

Costa Concordia wreck leaves hostile PR wake for Carnival Cruise Lines … the Concordia crisis promises to be a milestone moment for Carnival. Costa is the third-largest of Carnival’s cruise lines, so experts say the short-term woes will be expensive for one of South Florida’s largest employers. Forecasts by Barclays and UBS agree the dramatic capsizing will cost Carnival about 20 percent of its profit this year —roughly a $400 million loss. Read More

More Survivors Would Be Miracle, Official Says

Costa Concordia Disaster: More Survivors Would Be Miracle, Official Says
Huffington Post
Costa is owned by Miami-based Carnival Corp., the world’s largest cruise company. Foschi stressed that such deviations from charted routes are supposed to follow strict protocols that ensure safety: ports are informed, the company is informed
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