Cruise bookings fall after Concordia shipwreck

Wall Street Journal
On Monday, they got a new reason to be nervous: bookings fell significantly for Miami-based Carnival Corp. following the Costa accident. Attention is now focused on Royal Caribbean Cruises Ltd., which reports earnings on Thursday. The frightful images of a sinking Italian cruise ship have scared off some cruise passengers, at least temporarily, during the industry’s peak booking season
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Gupta, JPMorgan, Madoff, Stanford, Carnival in Court News

Bloomberg
Carnival Sued in Miami Over Fatal Costa Concordia Shipwreck Carnival Corp., the world’s largest cruise line owner, was sued in Miami over the Jan. 13 wreck of the Costa Concordia off the coast of Italy. The complaint, which names six plaintiffs, four Americans and two Italians, was filed Jan. 27 in state court in Miami, said attorney Marc J. Bern, who provided Bloomberg with a copy. The filing couldn’t be independently confirmed with the court. Read More 

Costa Concordia Wreck May Take as Long as 10 Months to Remove

BusinessWeek
Jan 30 (Bloomberg) — The wreck of the cruise liner Costa Concordia will take as long as 10 months to remove as bad weather halted an operation to unload fuel from the vessel, said the civil protection agency. CarnivalCorp.’s Costa Concordia, which hit rocks and capsized on Jan. 13 just hours after leaving port near Rome with 4,200 passengers, is carrying 500,000 gallons of fuel. Oil removal operations may take at least 28 days, Coast Guard Admiral Ilarione Dell’Anna said on Jan. 23.  Read More

Carnival Details Short-Term Costs of Cruise-Ship Crash

Wall Street Journal
Miami-based Carnival said in a regulatory filing it expects the loss of the use of the Costa Concordia to reduce its net income by $85 million to $95 million in the fiscal year ending Nov. 30, 2012. It estimated insurance deductiles will cost it another $40 million, in addition to $30 million to $40 million in “other incident related costs” from the accident.

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Costa Concordia passengers sue Carnival

 24/7
Six passengers of the Italian cruise ship Costa Concordia, which ran aground off the coast if Italy two weeks ago, are suing Carnival Cruise Lines, demanding compensation totaling $460 million.  Carnival is the parent company of Costa Cruise Lines, which owns Costa Concordia.

Negotiators announced in Italy that some 3,000 survivors of the ship wreck will receive 11,000 euros ($14,400) each plus expenses as compensation.

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Cruise shipwreck survivors file suit

New York Daily News
Six surviving passengers have filed a $460 million suit for damages against Costa Cruises and parent company Carnival Cruises. Six passengers from shipwrecked Costa Concordiaare suing Carnival Cruises in a Miami court seeking hundreds of millions of  dollars. The lawsuit names Costa Cruises and parent company, Carnival Cruises; lawyer cites ‘stress of disaster’. The luxury cruise ship Costa Concordia lies on its side after it ran aground off the tiny Tuscan island of Giglio, Italy, on Jan. 15. Six surviving passengers have filed a $460 million suit for damages against Costa Cruises and parent company Carnival Cruises. Read more

Carnival Sued in Miami Over Fatal Costa Concordia Shipwreck

BusinessWeek
28 (Bloomberg) — Carnival Corp., the world’s largest cruise line owner, was sued in Miami over the Jan. 13 wreck of the Costa Concordia off the coast of Italy. The complaint, which names six plaintiffs, four Americans and two Italians, was filed yesterday in state court in Miami, said attorney Marc J. Bern, who provided Bloomberg with a copy. The filing couldn’t be independently confirmed with the court.

In cruise ship disaster, an SOS for lawyers

Reuters
By Andrew Longstreth and Tom Hals | NEW YORK (Reuters) – Soon after Mitchell Proner, a New York personal-injury lawyer, heard about the capsizing of the Costa Concordia off the coast of Italy, he sprang into action. Proner, who specializes in  in motorcycle-accident lawsuits, has never litigated a maritime case. But he has at least one advantage over other U.S. lawyers who might want to sue over the disaster: He speaks Italian. Within days of the accident, he hopped a flight to Italy. Read More