Good morning everyone. Here’s the latest:
- Unfavorable weather will not relent. Therefore, officials will call off the search for the remaining bodies. Currently there are 15 pax and crew still missing.
- Costa parent company Carnival Corp., disclosed the financial impact of the disaster.
- Bookings for non-Costa brands are down 14-17%
- Deductibles and other costs could range from $155 million to $175 million ($0.20 to $0.22 per share).
- Salvaging of the wreck could take up to 10 months. By that measure, she’ll be off the rocks shortly before Thanksgiving.
- CruiseLog has Research firm Susquehanna as saying that future Cruise pricing likely to be "in flux" as a result. They go on to state that Mediterranean prices have already dropped.
- Despite the fact that we are in “wave-season,” it’ll be interesting to see how cruise prices react to a more hesitant market. Wave-season is the most popular time of the year to book cruises.
- In just less then a month from now, the Costa Neo Romantica will emerge from her drydock with a distinctly new look. She will be picking up the Concordia’s routes, sailing 7-Night Mediterranean. Starting in May, the Costa Magica will pick up those routes.
- The launch of Costa Fascinosa in May will now be a “low-key affair.”