Ferry Accident Death toll hits 39 in Philippines

CEBU, Philippines (AP) — As the MV Thomas Aquinas cruised toward Cebu city in the central Philippines, navy marshal Richard Pestillos prepared for a brief stop while some passengers watched a band and others soaked in the night breeze on the deck. Then the scene turned chaotic when the ferry, with 870 passengers and crew, and a cargo ship collided late Friday, ripping a hole in its hull, knocking out its power and causing it to list before rapidly sinking as people screamed, according to Pestillos and other witnesses.”The sea was very calm and we could already see the lights at the pier,” Pestillos told The Associated Press on Sunday by telephone.

Ferry Accident Death toll hits 39 in Philippines USA Today

BBC News – Philippines ferry Thomas Aquinas sinks, many missing BBC News
Philippines Looks for Causes of Deadly Maritime Crash Wall Street Journal
Divers at Philippines ferry crash site resume search CBC News
Philippine ferry disaster death toll at 52 Herald Sun
Philippines ferry disaster: bad weather forces search to be suspended with 171 still missing Australia Network News

Lawyers Maintain Costa Concordia Owners Criminally Liable

On July 20, 2013, five crew members of the Costa Concordia cruise ship were convicted of manslaughter for their role in the shipwreck in January 2012, which resulted in the deaths of 32 people. The captain of the ship, Francesco Schettino, the only remaining defendant, is being tried separately. The owner of the cruise ship, Costa Crociere SpA/Carnival Corporation paid a fine of one million euro to avoid any criminal liability claim Ronai & Ronai. Holly Ostrov Ronai, Esq. stated that “Costa Crociere/Carnival Corp. did not properly train their employees to safely and effectively evacuate the passengers on their ship. The evacuation of the entire ship off Giglio Island clearly should not have taken over six hours to complete. Although the five employees and Captain Schettino caused the allision itself, Costa Crociere/Carnival Corp. should be held responsible for the deaths of the 32 people and injuries to others.”

Costa Concordia: Lawyers Maintain Owners Criminally Liable Marine Link
5 convicted for Costa Concordia shipwreck redding.com
Judge dismisses three cases, fines others in Costa Concordia gazzetta del sud
Judge dismisses three cases, fines others in Costa Concordia Sky News
Five Sentenced for Italy’s Costa Concordia Shipwreck wall street journal

Momentous Victory for Cruise Victims

Cruise victims have won another victory against Carnival Corporation when the U.S. Court of Appeals for the Eleventh Circuit remanded claims to the Florida State Court for continued litigation.

The July 1, 2013 order affirmed the District Court’s prior remand order, concerning two cases, Abeid-Saba, et al., v. Carnival Corporation et al., (Docket No.: 12-CV-23513) and Scimone, et al. v. Carnival Corp. et al. (“Scimone II”), (Docket No.: 12-CV-23505). Both cases arise from plaintiffs’ claims that they were injured when the Costa Concordia capsized after grounding off the Italian coast.

Momentous Victory for Cruise Victims Wall Street Journal

Carnival Bets on a Rebound

Wall Street Journal
Carnival Corp. sharply reduced its earnings forecast for this year, but pointed to reassuring booking trends, in its fullest financial accounting so far of the impact of the Costa Concordia shipwreck in January that killed at least 25 people. Executives on a conference call with analysts on Friday said the Concordia incident is no longer the main obstacle to selling cruises. Instead, it is travelers’ expectations that prices will fall in the wake of the disaster.

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Carnival in rough seas as cruise season starts

Wall Street Journal
AP NEW YORK — Carnival Corp. cut its profit forecast nearly in half Friday, another sign of the challenges the company and cruise industry face after the capsizing of the Costa Concordia in January. Cruise line operators entered 2012 thinking they could start charging passengers more again after offering widespread discounts following the 2007-2009 recession. But just two weeks into the year, 32 people died when Carnival’s Costa Concordia sank off the coast of Italy.

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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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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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