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Costa Concordia, the cruise ship owned by Costa Cruises, ran aground in the Tyrrhenian Sea near Isola del Giglio, Italy, on the night of Friday, January 13, 2012. Over 4,200 people evacuated the ship on lifeboats and about fifty were trapped onboard soon after the accident. The bodies of over thirty passengers were found off the Tuscan coast by rescue divers and two more are presumed dead. Over sixty-four passengers were reported injured in the accident.

Soon after the accident, Costa Crociere (Costa Cruises), the operators of Costa Concordia issued a statement that the ship hit submerged rocks on its course. The conditions of the sail were calm and the cause of the accident was investigated. The captain may have committed errors and did not follow standard emergency procedures. The ship was on the first leg of a planned 6-port cruise from Civitavecchia and the captain had deviated from the computer-programed route to offer the Isola del Giglio a salute. The cruise ship had hit a reef during this digression and had started to take in water, and flood. It is believed that the crew delayed evacuation and deviated from emergency norms. The listing of the cruise ship also made it difficult to deploy some of the lifeboats on the port side of the vessel.

Captain Francesco Schettino was arrested and charged with manslaughter. His charges included causing the wreck, failing to aid over 300 passengers, and failing to be the last to leave the sinking ship. He was also charged with failing to assist maritime authorities with adequate information and with abandoning disabled passengers.

The Costa Concordia was initially floated by Costa Cruises in July 2006 as the largest Italian ship built till then. It measured 114,137 Gross Tonnage, and was about 952 feet long. The ship cost Costa Cruises €450 million (US$ 569 million). Costa Concordia was insured for US $ 40 million. It is the largest passenger ship to have sunk. Besides the loss of the loss of ship and its services, the accident cost Costa Cruises and its parent company Carnival between US $ 85 million and US $ 90 million as Carnival stocks plummeted following the accident.

Later, in November 2012, Costa Cruises launched a website called The Parbuckling Project with 3D animations and detailed illustrations relating to the wreck-removal of the Costa Concordia. The wreckage removal efforts are being undertaken by Florida-based marine salvage group Titan Salvage and overseen by Italian marine contractor Micoperi. The project should be completed by the spring of 2013. In a recent December 2012 revelation, the captain of the Costa Concordia Francesco Schettino declared that he was writing a book on the true version which differed from popular news. Costa Cruises, is building a replacement. In Italy, the construction of Costa Diadema, began in December.
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