The Island of Giglio Misses Its Disaster

A year after the wreck the Costa Concordia left its waters, the picture-perfect Italian island is struggling to stay afloat economically. If you had asked anyone on this Tuscan island last July what life would be like without the Costa Concordia shipwreck, you likely would have heard it would be better without the hulking cruise ship slumped on its shores. Now the residents of this picture-perfect paradise now kind of miss the massive wreck.

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Avis, Carnival, Royal Caribbean Shares Up Before Memorial Day CAR

Planes, trains, automobiles and even ships will be taking Americans to their Memorial Day destinations as more people are on the go this year compared with last. According to AAA Travel, 36 million Americans, 1.5% more than last year, will travel 50 miles or more for Memorial Day. The travel period in the report covers Thursday, May 22, through Monday, May 26.

Avis, Carnival, Royal Caribbean Shares Up Before Memorial Day CAR Investors.com

Carnival – Time To Be Cautious After Strong Recent Momentum

Investors in Carnival (CCL) are having a great end to a difficult 2013 following massive public relationship disasters earlier this year and last year’s disaster with the Costa Concordia.

Just three months ago, Carnival released its third quarter results which triggered a sell-off at the time. After shares have risen by about 25% in just a quarter of a year, it is time to take some profits.

Carnival – Time To Be Cautious After Strong Recent Momentum Seeking Alpha

Costa Concordia accident hits Baltic Sea ports

The Costa Concordia shipwreck is one of several reasons why Copenhagen Malmo Port (CMP) expects its first ever decline in the number of cruise guests and calls. Other Baltic Sea ports are also expected to be hit.

After many years with double-digit growth rates the Baltic Sea cruise market looks set to take a breather in 2014. The cruise business accounts for approx. 13-15 percent of Copenhagen Malmo Port’s revenue, and according to COO Cruise and Ferries, Arnt Møller Pedersen, the decline will not be insignificant.

“We predict a 5-10 percent decline in guests and calls in 2014,” he tells ShippingWatch.

This year, 356 cruise ships called in CMP, and a total of 840,000 vacationing guests have visited Copenhagen and Malmo, but next year the entire Baltic Sea region will feel the effect of several factors weighing down the combined cruise market.

Costa Concordia accident hits Baltic Sea ports Shipping Watch

Bizarre legal turn in Costa Concordia disaster and saga

In what can only be described as a bizarre legal turn in the Costa Concordia disaster and saga, the Moldovan dancer reported to have been seen having dinner with Captain Francesco Schettino and also reportedly seen on the bridge the night the Costa Concordia ran aground, is now reported to be seeking damages from the captain, the ship’s parent company and media.

Bizarre legal turn in Costa Concordia disaster and saga Etravel blackboard

Should I Buy Carnival?

Who doesn’t remember the Costa Concordia disaster, which killed 32 people in Jan. 2012? That was swiftly followed by a blaze on board sister liner Costa Allegra, which knocked out the power supply. Companies take time to recover from that kind of brand damage. Worse, the mishaps have continued this year — with three cruise liners all suffering technical problems

Should I Buy Carnival? Motley Fool
No such thing as bad publicity for cruises? –TravelMole

Carnival Stepped Up Lobbying After Costa Concordia Disaster

After the Costa Concordia wrecked off the Tuscany coast in January, killing 32 people, lobby spending by its corporate parent soared. Carnival’s lobby bill in Washington last quarter totaled $522,000 – three times the amount spent the prior quarter. In its lobby reports to Congress, the company listed three areas of concern: unearned passenger revenue (advance payments for voyages), emission control and cruise ship safety.
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Lancashire Holdings rues Costa Concordia losses

ShareCast
LONDON (SHARECAST) – Insurance group Lancashire Holdings’ performance was hurt by the Costa Concordia shipwreck in the first quarter, while pay costs have rocketed. The main way insurance companies are judged is by something called the “combined ratio”
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Carnival announces Costa Concordia insurance will recover $851 million

Live Insurance News
Carnival has announced that “substantially all” of the amount recovered through insurance are connected to the Costa Concordia disaster, which occurred on January 13, when the cruise ship ran aground and then capsized off of the Italian island of Giglio.

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Cruise industry leaders look past Concordia deaths

Mainichi Daily News
MIAMI (AP) — Cruise industry leaders gathered Tuesday for their first annual convention since the Costa Concordia disaster, emphasizing their commitment to safety and expressing confidence that business will return. The Concordia accident, in which 32 people died when the ship ran aground off the coast of Italy in January, cast a long shadow over this year’s Cruise Shipping Miami conference, attended by thousands from the cruise and travel industries in more than 100 countries.

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