Cruise Ship Wreck Costs Could Surpass $130 Million

The capsizing of the Costa Concordia cruise ship will send a tidal wave of bills at the owners that could reach $130 million -- if the ship can be salvaged. If it is determined that the $650 million luxury liner is too badly damaged and is little more than fancy scrap, the owners -- Costa Cruises and its parent company Carnival Cruises -- will have to absorb the loss of the ship. "They just lose," said Jaime Katz, an equity analyst for Morningstar Inc., an independent investment research...Full Story
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