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Sunday, January 21, 2018

Costa Crociere News

Costa Crociere Opens New Offices

Costa Crociere is expanding its presence in the Benelux countries and in Emilia Romagna. In December 2002, the Genoese company will open one new commercial office in Bologna and one in Brussels, with the aim of significantly strengthening its development on the European market and promoting the Costa trademark in the Benelux countries and in Emilia Romagna. Costa’s new office in Brussels, which is due to open officially towards the end of 2002, will be in charge of sales and promotion of Costa cruises in Belgium, the Netherlands and Luxembourg. It will be managed by Patrick J. Pourbaix, with his assistants Aurelie Vermeulen, responsible for the French-speaking market, and Eveline Vanderstraeten, responsible for the Flemish-speaking market.

Costa Crociere Orders a Cruise Ship

Costa Crociere -- a member of the Carnival Corporation & plc group -- has doubled its order with Fincantieri, reaching an agreement to build the Costa Concordia’s new sistership, a 112,000-ton, 475 million euro ship. The new order will also help offset the sale of the Costa Tropicale to P&O Cruises Australia. The will be built in the Fincantieri shipyard in Sestri Ponente (Genoa). It is scheduled to be delivered in the spring of 2007. The new Concordia class ship ordered by Costa Crociere, which has yet to be named, will allow Costa Crociere to maintain its leadership in Europe in terms of capacity and to set a company record as Europe’s most modern fleet.

Costa Crociere: a Leader in France and Marseilles

Costa Crociere is both a historical cruise company in France, having had a presence there since the 1950s, and also the market leader, accounting for over 50% of French cruisers (120,000 Guests in 2006). The number of Costa Crociere’s French Guests has almost quadrupled since 1993. With this position on the French market, Costa has also built its success on an important partnership with Marseilles. Rocketing growth in recent years shows that French people are more aware of and keener on cruise holidays. Costa Crociere saw its recall rates rise from 5% in 1993 to 75% in 2006 (from a TNS, Infratest survey in September 2006). Costa Cruises ranks fourth in assisted recall tests among French travellers and cruisers…

COSTA Ships Debut in Dubai

Starting from December 2006 the Italian Costa Crociere SpA, which operates the brands AIDA Cruises and Costa Crociere, will be offering cruises with departures from Dubai (United Arab Emirates). The official announcement was made during a series of official meetings, set to take place in Dubai on February 1 and 2, 2006, between a delegation from Costa Crociere – headed by Costa Crociere SpA Chairman & CEO Pier Luigi Foschi, Costa Crociere President Gianni Onorato, and AIDA Cruises SVP Operations Michael Ungerer – and political and administrative leaders from the United Arab Emirates, Jamal Majid Bin Thaniah, Deputy Chairman of DP World, and Khalid bin Sulayem, Director General of the DTCM (Dubai’s Department of Tourism and Commerce Marketing).

Costa Crociere Lands in Trieste

Costa Crociere announced an important milestone for 2006. Beginning the summer of next year, Costa will become the first cruise company to use Trieste as the home port for one of its fleet’s ships. The ship will depart from Trieste every week on a seven-day itinerary still to be defined. Costa Crociere thus offers yet another embarkation/disembarkation point for Italian and European guests who want to spend a vacation on board one of its ships. This increases the number of Costa Crociere’s home ports to 10: Savona, Civitavecchia (Rome), Naples, Palermo, Catania, Messina, Bari, Ancona, Venice and Trieste. “We’re very pleased - commented Pier Luigi Foschi, Chairman and CEO of Costa Crociere S.p.A. - to have chosen Trieste for our 2006 summer itineraries.

Fincaniteri Delivers Costa Serena: The God’s Ship

Pictured is Micky Arison, Chairman and CEO Carnival Corporation & plc and Pier Luigi Foschi,Chairman & CEO Costa Crociere. The latest addition to the Costa Crociere fleet, is Costa Serena, a ship inspired by the gods of Classical Mythology. Costa Serena was delivered by Fincantieri at its Sestri Ponente shipyard in Genoa. Like her sister ship Costa Concordia, which entered service in July 2006, the Costa Serena is the largest passenger ship flying the Italian flag and the largest European liner in terms of capacity: 114,000 gross tonnage, 292 meters in length and accommodation for up to 3780 Guests in 1500 cabins. “The delivery of the Costa Serena,” announced Costa Crociere SpA Group Chairman & CEO Pier Luigi Foschi, “fills us with great pride and satisfaction.

Costa Crociere Taps Kvaerner Once Again

Kvaerner Masa-Yards has again been called upon by Costa Crociere to build a sistership to Costa Atlantica, which was delivered in June. The vessel, which is worth more than $301 million, will be constructed at Kvaerner's New Helsinki shipyard for a spring 2003 delivery. Representing the eighth ship in the Costa Atlantica fleet, the new 2,100-passenger, 86,000-ton vessel is the fifth member of the "8000-class" series of Panamax-size ships.

Costa Crociere CEO Honored

Pier Luigi Foschi, Chairman and CEO Costa Crociere, has been listed in the "Club 33" the list of the 33 most important and influencial people in global travel industry published by Travel Weekly magazine. Mr. Foschi’s brief profile reported by the magazine states: "He's not well know in the US but he's a global powerhouse the man behind Carnival Corp’s international expansion plans. He heads the first major cruise line venture in mainland China and obtained the first license to base an international cruise ship in Beijing.

Juventus Set to Embark in Asia with the Support of Costa Cruises

From the left: Marco Fassone, Juventus Chief Sales & Marketing Officer; Nicola Legrottaglie, Juventus player; Jean-Claude Blanc, Juventus President & CEO; Pier Luigi Foschi, Costa Crociere Chairman & CEO, Claudio Ranieri, Juventus Manager, Gianni Onorato, Costa Crociere President.    

Spain Approves Acquistion of Iberocruceros

The Spanish Antitrust Authority has granted official approval to the acquisition of sole control by Costa Crociere S.p.A. of Iberocruceros, a brand operating in the Spanish market. The operation was first announced on May 29 this year following the signing of an agreement between Costa Crociere S.p.A. and the leading Spanish tour operator Orizonia. Now, following the go-ahead from the antitrust authority, the deal is to be completed during July 2009. Iberocruceros was established in 2007 as a joint venture between the Costa Crociere Group, which owned 75% of the company, and Orizonia, which had a 25% stake. Through its acquisition of the remaining 25% of the capital, Costa Crociere S.p.A. now is the only shareholder of Iberocruceros.

Costa Classica Pull-Out Hurts Cammell Laird

A British shipbuilding union sought urgent talks on Friday with the UK trade secretary to save 700 jobs threatened by the likely loss of a contract at Merseyside shipbuilders Cammell Laird Holdings Plc, Reuters reported. The Italian cruise liner Costa Classica, owned by the Costa Crociere unit of U.S. group Carnival Corp, had been due to arrive for refitting at the docks in northwest England but was now heading back for Genoa. "It is bad news for the Merseyside yard...but we are not purely a shipbuilding company," a Cammell Laird spokesman said. Cammell Laird's shares and bonds sank on the news the company faced potentially lengthy litigation over the contract. The stock closed down 39 percent on Nov. 24.

Costa Concordia: Lawyers Maintain Owners Criminally Liable

Photo credit Wiki CCL 2

Ronai & Ronai, LLP, a New York law firm that represents victims, including Sandor Feher, a musician who lost his life while trying to evacuate passengers, believes that the criminality of the deaths should also be placed on Costa Crociere/Carnival Corp., which was able to escape criminal liability simply because of their ability to pay a monetary fine. 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.

Costa Serena Takes Shape in Italy

Costa Crociere announced the name of its new ship, which will join the fleet in May 2007. The ship was named Costa Serena during a ceremony of the laying of the first building block for the ship in the dock at Fincantieri’s Sestri Ponente shipyards in Genoa. This first block, an aft section, measures 55.7 ft. (17 m) long and 72 ft. (22 m) wide, weighing around 500 tons. Like sister ship Costa Concordia, which is currently under construction at Sestri Ponente and is due for delivery in July 2006, Costa Serena will be Italy’s largest cruise ship: 112,000 gt, 951 ft. (290 m) long with 1500 cabins for 3780 passengers. Costa Crociere has invested more than $1 billion on the building of the Costa Serena and Costa Concordia.

Costa Crociere Receives Yacht Design Award

Pier Luigi Foschi, the Chairman and Chief Executive Officer of Costa Crociere Spa, was on hand at the Yacht Club Italiano in Genoa to collect the prize awarded to the Genoese company for the construction of the Costa Fortuna, the new 105,000 gross tonnage vessel due to enter into service at the end of 2003, which will be the largest cruise ship ever to fly the Italian flag. On October 11, the Yacht Club Italiano in Genoa was the venue for the “Yacht Design Award 2002”, presented to leading figures, shipyards and shipping companies that have made outstanding contributions to seafaring through pleasure vessels and cruise ships based on cutting-edge technology and design.

Costa Concordia Raises the Costa Funnel

The construction of the Costa Concordia, Costa Crociere’s new flagship, that will become the largest Italian passenger vessel when it enters service in July 2006, marks yet another important milestone at the Fincantieri shipyards in Sestri Ponente (Genoa). Yesterday, the shipyard raised the vessel’s distinctive yellow funnel with the blue “C”, the symbol that identifies all ships operated by Costa Crociere, the Italian cruise company leader in Europe. The launch for the new flagship is scheduled for 2 September 2005, when the dry-dock where the vessel is currently under construction will be flooded and the hull of the Costa Concordia will touch the sea for the first time. This will be followed by the fitting-out activities, which are expected to be completed in about 10 months.

Carnival To Buy Remainder Of Costa Crociere

Carnival Corp., the world's biggest cruise operator, will buy the remaining half of Italian cruise operator Costa Crociere which it does not already own from British travel company Airtours Plc. Carnival said it expected to pay about $525 million in cash for Airtours' stake in Costa, which is headquartered in Genoa. Carnival would own all of Costa and keep a 26 percent "strategic interest" in Airtours, which it acquired in 1996. "The purchase of Airtours' 50 percent interest in Costa is a very important strategic move in the continued development of Carnival Corporation's European business," Micky Arison, Carnival chairman and CEO, said.

Zarmati, CEO of Costa Cruises NA, to Retire

After nearly 43 years in the cruise business, Maurice M. Zarmati is retiring as president and CEO of Costa Cruises North America, effective November 30, 2011. He will remain with the line as a senior consultant on Costa’s worldwide sales, marketing and passenger-traffic initiatives. Zarmati, 65, became president and CEO of Costa Cruises North America in March 2008. He is responsible for sales, marketing, guest services, finance, human resources and revenue management for the North American sales and marketing  headquarters of Europe’s leading cruise company, Costa Crociere S.p.A., based in Genoa, Italy. He reports directly to Costa’s home office.

Costa Serena Cross Section Arrives

The fore end section of the Costa Serena arrived in Fincantieri’s Sestri Ponente shipyards in Genoa recently. The Costa Serena is the second of Costa Crociere’s three new sister ships due to enter service over the next four years. The fore end section of the new building is about 91 m in length and 3,200 gt. It left the Palermo yard, where it was assembled, on February 1, and will now be placed in the building graving-dock at the Sestri Ponente yard; there, it will be fitted to the aft end section of the ship, which is currently under construction. The cut of the first plates of Costa Serena started in April 2005. The Costa Serena is the second of three 112…

Costa Crociere Unit Orders Two New 105,000-Ton Vessels

Costa Crociere S.p.A., a unit of Carnival Corp. has signed a letter of intent with Italian shipyard Fincantieri Cantieri Navali S.p.A. for the construction of two 105,000-ton vessels for delivery in late 2003 and late 2004. The 2,720-passenger ships, which will be built at Fincantieri's Sestri shipyard in Genoa, will cost approximately $400 million each. This latest agreement renews the association between Costa and Fincantieri, which began with the construction of the Costa Classica and Costa Romantica in 1992 and 1993, respectively.

MIP Estimates Costa Crociere S.p.A.'s Economic Impact

In 2010, Costa Crociere S.p.A. generated an impact of over $3.2 billion on the Italian economy. This is one of the findings of a study carried out by MIP, the Milan Polytechnic Business School. Costa Crociere S.p.A. is an Italian company headquartered in Genoa, which comprises 3 brands (the Costa Cruises brand, Aida Cruises for the German market, and Iberocruceros, which operates mainly for the Spanish- and Portuguese-speaking markets). It is one of Italy’s top 10 most profitable companies and ranks 49th in terms of turnover in Mediobanca’s 2010 survey of over 3,700 Italian enterprises that recorded revenue of at least $73 million the previous fiscal year.

Costa Concordia: Board Members Under Investigation

Costa Concordia: Image courtesy of The Parbuckling Project

Five board members of owners, Costa Crociere, have been placed under investigation in connection with the January 2012 cruise ship accident. The executives are reportedly being probed for possible collusion in the crimes of dereliction of duty and manslaughter that the ship's Captain, Francesco Schettino, and other crew members are being accused of. Top executives from parent company Carnival also sit on Costa Crociere's board, reports Ansa.it. The new investigation is a separate from the one involving Schettino, which led to a preliminary hearing this week.

Costa Concordia Removal – Salvage Tenders in Hand

The Company has set up a technical committee with representatives from Costa Crociere, Carnival Corporation & plc, Fincantieri shipyard, RINA (the Italian shipping register) and experts from industry and academia to determine the best plan for removal of the ship, in coordination with the relevant authorities. Costa Crociere invited the world’s 10 leading salvage companies to tender for the contract to remove the ship in one piece. While each project proposes its own specific salvage methods and techniques, they all prioritize the need to minimize the environmental impact, protect Giglio’s economy and tourism industry, and guarantee safety. The operation to remove the wreck will be complex and is expected to take from 10 to 12 months, depending on which plan is chosen.

Moody's Downgrades Cammell Laird

Moody's downgraded to Caa2 from B2 the rating for the Euro 125 million senior notes of Cammell Laird Holdings plc following the announcement of its key customer Costa Crociere to terminate a high value contract with CLH to convert the cruise ship Costa Classica. CLH has rejected Costa's right to terminate the contract and has stated that it will take all necessary action to protect its commercial position. At the time of the original rating assignment, the Costa contract was already in an advanced stage and considered to be a reference contract for the flow of future orders. Cash flows from those future orders were expected to provide the means for servicing the company's debt.

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