Cruise captain sailed near island for head waiter: report

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12. Cruise company shares slump on Costa Concordia disaster

Shares in US-based cruise ship operator Carnival slumped here on Monday, after the group admitted that the Costa Concordia disaster could cost the group $85-95 million (67-75 million euros).

Carnival Corp's share price tumbled 16.86 percent to 1,868.99 pence in afternoon London deals on London's FTSE 100 index of leading companies, which was 0.24 percent higher at 5,651.11 points.

The group, which is listed in London and New York, is the owner of the luxury liner which ran aground late Friday off the Italian coast with the loss of at least six lives.

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"The vessel is expected to be out of service for the remainder of our current fiscal year if not longer. For the fiscal year ending November 30, the impact... for loss of use is expected to be approximately $85-$95 million. In addition, the company anticipates other costs to the business that are not possible to determine at this time," it added.

http://www.hurriyetdailynews.com/cruise-company-shares-slump-on-costa-concordia-disaster.aspx?pageID=238&nID=11602&NewsCatID=353