ROME, Italy (Jan. 16) – The modern ‘Titanic’ tragedy took place on Friday (January 13 2012) when luxury cruise ship Costa Concordia ran aground near the island of Giglio off the coast of Tuscany, Italy. As per latest reports it is lying partially capsized, heavily damaged and half-submerged off Isola del Giglio.
|Costa Concordia: A modern day Titanic before tragedy|
Costa Concordia (Italian pronunciation: [ˈkɔsta koŋˈkɔrdja]) is a Concordia-class cruise ship owned and operated by Costa Cruises, a subsidiary of British-American Carnival Corporation & Plc. Industry experts quote the ship as a constructive total loss.
Six deaths have been confirmed up to date by the authorities while about 15 are still missing. The captain of the luxury cruise ship Costa Concordia is being investigated for manslaughter charges and abandoning the ship, confirmed by prosecutors.
Official sources of the owner company of stricken luxury cruise ship revealed that the company will have to bear a loss up to $95m by the sinking of plunged ship. Company’s shares have already fallen by 18% in London Stock Exchange, though the company has insurance coverage of about $30m for damages to the ship.
Watch the video below showing Costa Concordia before and after the tragedy.