Carnival Corp & plc, parent company of Costa Crociere whose 114,500 gross ton Costa Concordia ran aground on the coast of Italy on 13 January, has calculated costs of the accident.
The company said in a filing with the New York Stock Exchange that the 2006 built ship had a book value of $490 million at the end of last year. It is insured for $510M, but deductibles should amount to about $30M. In addition, Carenival expects other costs related to the incident amount to $30-$40 million.
Carnival also reiterated an earlier assessment that the 2,978 passenger capacity ship’s absence from service would reduce its net earnings by $85-$95 million this financial year that ends 30 November.
