Costa Concordia probe eyes board members

Italian cruise company Costa Crociere board members are under investigation, lawyers for passengers on the wrecked Costa Concordia cruise ship said. Attorneys for Justice for Concordia said Saturday the investigation involves allegations of collusion in the 2012 grounding of the ship, which killed 32 people. Prosecutors confirmed the investigation but told Italy’s ANSA news agency the probe was “an obligatory move.”

Costa Concordia probe eyes board members UPI
Costa Concordia Captain Schettino sought a plea bargain, rejected Digital journal

Costa Concordia company to pay $1.3 million fine for shipwreck

DigitalJournal.com
The disaster that was the Costa Concordia, which sank on Jan. 13, 2012 with the death of 32, continues to make news. Today, the Costa Crociere, a division of Miami-based Costa Carnival, owners of the ship, reached an out-of-court settlement.Costa Crociere will pay a $1.3 million fine and thus evade going to court over the tragedy. Had their been a court case it would have been lengthy and costly and may have opened them up to further lawsuits, that though the company maintains fault for the disaster lies only with the ship’s captain, Francesco Schettino.

Costa Concordia company to pay $1.3 million fine for shipwreck Digital Journal
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Carnival Corp. unit accepts $1.3 million fine for Costa Concordia disaster Inside Counsel
Owner of Costa Concordia Settles Charges in Fatal Cruise Shipwreck KCEN-TV
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Costa Concordia Disaster: Cruise Line Ordered To Pay $1.3 Million Huff Post
Costa Concordia operator fined News.com.au

Ship’s bell is missing, platform in place

DigitalJournal.com
The captain of the Costa Concordia, Francesco Schettino, is accused of taking the 114,500 ton ship, twice the size of the RMS Titanic, too close to Giglio to ‘salute’ a former colleague who lives there; the ship hit a reef and suffered a huge gash. A crucial underwater platform that will help to raise the Costa Concordia was put into place last week at the wreckage site off the coast of the Italian island of Giglio. Also, late in March the ship’s bell went missing.

Costa Concordia news: Ship’s bell is missing, platform in place Digital Journal

Costa Concordia, once refloated, to be scrapped at Piombino port

The Costa Concordia disaster was 14 months ago and finally there is a complete plan to remove the ship. While it’s been known for months they were refloating and towing it for dismantling, only now have Italian officials decided the port it will go to. The government in Italy announced last week that the ship, which lies 300 metres off the island of Giglio in the Tuscan Bay, once refloated will be towed to the nearest port, the port of Piombino in Tuscany. Some opponents are arguing that could lengthen the removal operation as there is upgrading work to be done in that port; however…

Costa Concordia, once refloated, to be scrapped at Piombino port Digital Journal

Cruises Forum: Costa Concordia-when is the Captain’s trial … Trip Advisor

Video tour of the shipwrecked Costa Concordia shows the upturned …

Cruise liner remains marooned off the coast of Tuscany nearly a year after it sank in January 2012,New footage shows ongoing salvage operation of the 114,500 ton ship. Never before seen underwater footage of the Costa Concordia salvage operation has emerged as the year anniversary of the ship’s sinking approaches.
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Costa Concordia’s company rebounding by building giant liner

DigitalJournal.com
Costa Cruises, the owner/operator of the Costa Concordia, which went down nearly a year ago with the loss of 32 passengers and crew, is building a replacement. The construction of the 132,500 ton Costa Diadema began in Italy Monday. The ship is being constructed in the Fincantieri shipyard and will carry 4,947 passengers.

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Costa Concordia captain hypes upcoming book, paints himself hero

DigitalJournal.com
In a talk with an Italian newspaper, Francesco Schettino, captain of the Costa Concordia, said a book he’s writing on the sinking of the cruise liner will reveals him to be a hero, not a coward. Schettino’s claim flies in the face of evidence. “Soon I will reveal the shocking truth,” Schettino told the newspaper. “And then all those people who denigrated me will have to apologize, not to me but to the families of the victims and to the public, which was conned with false information.”

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CATCo commutes Costa Concordia reinsurance losses

Artemis.bm (blog)
CATCo Investment Management, the specialist Bermuda based reinsurance-linked investment business that manages around $2 billion of retrocessional reinsurance portfolios for its clients, has commuted a portion of its losses from the Costa Concordia marine disaster according to a stock exchange announcement. Commuting the losses early allows them to be accounted for now and reduces the chance for loss creep affecting the CATCo Reinsurance Opportunities Fund investors.
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Costa Concordia black box contents to be revealed in hearing

CBS News
(CBS News) A preliminary hearing began Monday in the case of the Costa Concordia, the cruise ship that capsized off the Italian coast last January, killing 32 people. The proceedings are based on evidence from the ship’s black box recordings. Documents before the court run to 270 pages, including navigational details and conversations on the bridge of the Costa Concordia.

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