The recent announcement that the Costa Concordia removal operation will take place in June, two years after the cruise liner was grounded off the coast of Italy, brings to mind the unprecedented scale of the salvage operation.
However, while the cost of the salvage has contributed to making it a very significant loss, the Costa Concordia appears to have had little effect on some parts of the marine insurance market.
Costa Concordia timeline
13 January 2012
Costa Concordia sets sail from the port of Civitavecchia near Rome, carrying 4229 people. That evening, it strikes a rocky outcrop off the Tuscan island of Giglio. People jump into the freezing waters to escape – while captain Francesco Schettino is found ashore.
14 January 2012
Prosecutors detain Schettino and his first officer on charges of manslaughter.
17 January 2012
Schettino is released and placed under house arrest.
27 January 2012
Costa Crociere, the ship’s owner, agrees to pay uninjured passengers at least €11 000 each in compensation.
12 February 2012
The salvage operation starts, pumping 2400 tons of fuel from the from the liner to avoid an oil slick.
The plan to remove the wreck is unveiled. Floating the vessel, which weighs 114 500 tons, will be the biggest ever salvage operation of a passenger ship. The plan is then delayed to September 2013.
10 April 2013
Costa Crociere accepts limited responsibility for the disaster and is controversially fined just €1m.
The trial of Schettino begins. He requests a plea bargain deal, and the court accepts plea bargains for five other suspects – the head of ship owner Costa Crociere’s crisis unit, the helmsman, Schettino’s deputy and two more crew members. Schettino remains on trial.
16 September 2013
Announcement that removal of the Costa Concordia removal will begin in June is made.
Costa Concordia: Two years on Post Online