who owns costa cruises

Who Owns Costa Cruises

• 17 May 2023
• Vehicle , Cruise

Costa Cruises is a British-American owned Italian cruise line. It is part of Carnival Corporation & plc, the world’s largest travel leisure company, with a portfolio that includes many of the world’s leading cruise brands in North America and Europe. The Miami-based Carnival Corporation holds 51 percent ownership stake in Costa Cruises while private equity firm Investindustrial owns 49 percent of the business. The two companies have held equal stakes since Investindustrial acquired it from its previous owner, Carnival Corporation & plc, for €1 billion (US$1.15 billion) in June 2018.

Costa Cruises is a subsidiary of the Carnival Corporation, one of the world’s largest cruise companies. Founded in 1854, Costa Cruise Lines has grown to become one of the premier cruise lines with ships sailing around the world. With its Italian roots and Mediterranean flair, it offers travelers a unique experience that combines culture, cuisine and comfort. Carnival Corporation owns 100% of Costa Cruises, granting them full control over operations and decisions made for their ships. They also own several other well-known brands such as Holland America Line and Princess Cruises. By owning all these different lines under one umbrella company they are able to offer an even greater variety of cruises to meet everyone’s needs from budget conscious travelers to luxury seekers!

Table of Contents

THE TRUTH ABOUT COSTA CRUISES

Costa Cruises Sailing Route

Costa Cruises offer a variety of sailing routes around the world, taking passengers to some of the most beautiful and exotic destinations. From Northern Europe to the Far East, Costa cruises provide an opportunity for adventure and discovery with stops in places like Italy, Greece, Turkey, India and Thailand. With over 150 ports of call across Europe, Africa and Asia Pacific available on their itineraries you are sure to find something that appeals to you. Whether it’s relaxing in the Mediterranean or exploring the culture of South East Asia there is something for everyone when choosing a Costa Cruise!

Who is Costa Cruises Owned By?

Costa Cruises is owned by Carnival Corporation, the world’s largest leisure travel company. The corporation has a portfolio of leading cruise brands in North America, Europe, Australia and Asia. Carnival Corporation includes nine global cruise line brands: AIDA Cruises, Costa Cruises, Cunard Line, Holland America Line, Princess Cruises (including P&O Australia), Seabourn Cruise Line and Fathom. Together these brands offer cruisers an array of different experiences ranging from family-friendly to luxury vacations with more than 700 itineraries visiting over 700 ports worldwide.

Does Carnival Own Costa Cruises?

Carnival Corporation & plc is a cruise company based in the United States and UK, and it owns many of the world’s most popular cruises. One of its brands is Costa Cruises, which offers Mediterranean-style voyages through Europe, South America, and other destinations around the globe. The first ship of Costa Cruises was launched back in 1854, so they have been a part of Carnival for generations. Today, Carnival owns 100% of Costa Cruises’ stock and operates all aspects related to the brand including marketing campaigns, customer service efforts, shipbuilding activities as well as overseeing operations at their ports around the world. In addition to this ownership stake in Costa Cruises , Carnival also has ownership interests or partnerships with many other leading cruise lines such as AIDA Cruises , Cunard Line , Holland America Line , P&O Cruise Lines (Australia) Ltd., Princess Cruise Lines Ltd., Seabourn Cruise Line Ltd., and Fathom . All these cruise companies together form one big family within the Carnival umbrella making them one of the largest players in global cruising industry today!

What Has Happened to Costa Cruises?

Costa Cruises, previously a popular cruise line that operated in Europe and other parts of the world, has had to make some significant changes due to the COVID-19 pandemic. The company announced plans in April 2020 to suspend operations until at least May 2021 as part of its efforts to protect passengers, crew members and its business during this unprecedented time. As a result of these measures, Costa Cruises has seen hundreds of jobs cut across all areas from hospitality staff and engineers through to office based personnel. On top of this, those who remain have been asked for extra flexibility with regards hours worked or contractual arrangements. It’s estimated that losses will be around one billion euros in 2020 alone which is an understandably huge hit for any business but particularly one such as Costa Cruises where most costs are upfront before any revenue can be made from ticket sales or onboard purchases. In order for the business to survive these difficult times it must now focus on new ways to raise capital – something very challenging when few people are taking cruises!

When Did Carnival Buy Costa Cruises?

Carnival Corporation and Costa Cruises officially began their partnership in 1997, when Carnival purchased a majority stake in the company. The purchase made Carnival the first cruise line to own two distinct brands under one parent company. In 2000, following a public offering of shares on the Italian Stock Exchange, Carnival increased its ownership of Costa Cruises from 51% to 100%. Since then, both companies have been able to collaborate more effectively and maximize operational efficiency for their respective fleets. This has enabled them to offer guests even better value for money cruises with higher quality service than ever before. With this strong partnership between two industry leaders in place since 1997, holidaymakers have much wider choice of itineraries and facilities available across all seven continents that these brands operate within.

In conclusion, Costa Cruises is owned by Carnival Corporation & plc and has been since 2000. This company has a long history of providing travelers with luxurious ship experiences and continues to do so today. They are committed to providing customers with excellent service, quality ships, and exciting itineraries that will make sure they have the best vacation possible. With their dedication to excellence in cruise vacations, it’s no wonder why Costa Cruises remains a popular choice for many people looking for an unforgettable experience on the open sea.

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5 Companies Owned by Carnival Corp. (CCL)

Cruise brands for passenger segments such as ultra-luxury, luxury, and premium

Carnival Corp. ( CCL ) is a global cruise line. It operates as a dual-listed company with Carnival Plc (CCL.L), but the two separate legal entities function as a single economic entity through contractual agreements. Shares of CCL are traded on the New York Stock Exchange ( NYSE ) while shares of CCL.L are traded on the London Stock Exchange ( LSE ). The company offers cruise vacations through a range of brands that operate in various geographic locations throughout North America, Europe, and Australia. Its brands cater to different price points, lifestyles and cultures as well as entertainment and vacation preferences. Carnival posted a net loss of $10.2 billion on revenue of $5.6 billion in fiscal year ( FY ) 2020, which ended Nov. 30, 2020. The  market cap  of CCL was $27.4 billion and that of CCL.L was GBP18.8 billion ($25.2 billion), as of Nov. 10, 2021.

Carnival's leading brand is Carnival Cruise Line, which was founded in 1972 by entrepreneur Ted Arison. Carnival Cruise Line was initially formed as part of a subsidiary of American International Travel Service (AITS). The company started out with a single used trans-Atlantic ocean liner that it converted into a cruise liner and renamed the Mardi Gras. In 1974, Arison purchased Carnival Cruise Line for $1 and the assumption of AITS' debt of $5 million. At that point, the cruise line was still a small-time operator struggling to survive. But it managed to steadily grow in size and popularity, and went public in 1987 through an initial public offering ( IPO ). The cash raised in the IPO provided the company with the capital needed to continue expanding through acquisitions. The company, which was renamed Carnival Corp. in the early 1990s, has since built a portfolio of globally-recognized cruise brands. Below, we look in more detail at five of those brands.

Holland America Line N.V.

• Type of Business: Cruise Line
• Acquisition Price: $625 million
• Acquisition Date: November 1988 (announced)

Holland America Line traces its origins to the founding of a shipping and passenger line called Netherlands-American Steamship Co. in 1873. In the first 25 years since its founding, the company owned a fleet of six cargo and passenger ships that it operated between Holland and the Dutch East Indies. The company would become known over time as the Holland America Line due to its being headquartered in the Dutch city of Rotterdam. In 1989, Carnival Cruise Line formally acquired the company, reinforcing its position as the largest cruise line in terms of the number of passengers. The Holland America Line now operates a fleet of 10 ships cruising to over 425 ports in more than 100 countries.

Seabourn Cruise Line Ltd.

• Type of Business: Ultra-Luxury Cruise Line
• Acquisition Price: $15 million (initial 25% stake ); $10 million (additional 25% stake); unknown amount (remaining 50% stake in 1998)
• Acquisition Date: 1992 (25% stake); 1995-1996 (25% stake); 1998-1999 (remaining 50% stake)

Seabourn Cruise Line was founded in 1988 with the launch of the 208-passenger Seabourn Pride. The idea for the cruise line originated two years earlier among a small group of luxury hospitality and cruising executives looking to reinvent luxury cruising. When the Seabourn Pride was first launched, it offered: spacious all-suite accommodations; public spaces designed for relaxed socializing; and a stern designed like a private beach resort. Just four years later in 1992, Carnival agreed to purchase a 50% stake in Seabourn via two separate ten-year loans of $15 million and $10 million. With the $15 million loan Carnival acquired an initial 25% stake in Seabourn. The second loan for $10 million secured an additional 25% stake in late 1995. In 1998, the company purchased the remaining 50% stake in Seabourn. At the same time, Carnival acquired Cunard Line Ltd. and combined it with Seabourn. Today, Seabourn operates a fleet of three 458-passenger and two 600-passenger ships offering an ultra-luxury cruising experience in over 400 destinations globally.

• Acquisition Price: approx. $141 million (for initial 50% stake), part of $270 million joint purchase price with Airtours Plc; approx. $515 million (remaining stake)
• Acquisition Date: 1997 (initial 50% stake); 2000 (remaining stake)

Costa made its first voyage from Genoa to Buenos Aires in 1948 with a trans-Atlantic liner named the "Anna C". By the 1960s, the Italy-based company was Europe's largest cruise line. Costa was jointly acquired in 1997 by Carnival and Airtours, each of the two companies purchasing a respective 50% stake. Three years later, Carnival purchased the remaining stake in Costa from Airtours for approximately $515 million. The acquisition of Costa bolstered Carnival's presence in the fast-growing European market. Costa is now the parent company of both Costa Cruise Lines and AIDA Cruises. Today, Costa operates a fleet of 10 ships and visits over 260 ports around the world. AIDA leads the German-speaking cruise market and currently operates a fleet of 14 cruise ships.

Cunard Line Ltd.

• Type of Business: Luxury Cruise Line
• Acquisition Price: $500 million (initial 68% stake); $205 million (remaining stake)
• Acquisition Date: 1998 (initial 68% stake); 1999 (remaining 32% stake)

The Cunard Line was founded in 1840 by war veteran and timber merchant Samuel Cunard. It started out providing mail service in Canada's maritime region before eventually expanding its services across the Atlantic and establishing itself as an international shipping company. During the 1880s, Cunard transported more than one million of the 2.5 million people seeking to settle in the U.S. The company continued to grow and expand over the next century. Cunard was operating five luxury cruise ships by 1998, the year Carnival and a group of investors purchased its operating assets for $500 million. Carnival acquired a 68% interest in the cruise line and consolidated it with Seabourn, of which the company had simultaneously purchased the remaining stake. In 1999, Carnival purchased the remaining 32% stake in Cunard in a deal worth $205 million. The purchase of Cunard, the largest luxury cruise operator in the world at the time, made Carnival the largest cruise company in the world. Cunard currently operates three luxury cruise vessels.

P&O Cruises

• Acquisition Price: approx. $7.3-$7.8 billion
• Acquisition Date: April 2003

P&O Cruises was founded in 1837 as the Peninsular & Oriental Steam Navigation Co. While the company started out primarily transporting mail, it went on to offer its first leisure cruise from London to the Mediterranean in 1844. Cruising would gradually grow in popularity and become a more regular activity by the mid-1880s. In 2003, the company's cruise operations, known as P&O Princess Cruises Plc, were acquired by Carnival for between $7-$8 billion. The acquisition included Princess Cruises, P&O Cruises, P&O Cruises Australia, and tour operator Princess Tours. The merger between the two companies led to the formation of the dual-listed company – Carnival Corp. and Carnival Plc – discussed in the introduction above. It made Carnival into the first global cruise company. Today, Carnival operates P&O as two separate brands: P&O Cruises (U.K.), which operates a fleet of five premium ships; and P&O Cruises (Australia), which operates a fleet of three ships.

Carnival Corp. & Plc. " Investor Relations ."

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Carnival Corp. & Plc. " Form 10-K for the fiscal year ended Nov. 30, 2020 ," Page F-2.

Yahoo! Finance. " Carnival Corporation & plc (CCL) ."

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XE.com Inc. " 1 GBP to USD - Convert British Pounds to US Dollars ."

Carnival. " Corporate Information ."

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Carnival Corp. & Plc. " Corporate Information: Corporate Timeline ."

Carnival Corp. & Plc. " Corporate Information: Vision, Mission & History ."

The New York Times. " Carnival Cruise Lines to Buy Holland America Line Unit ."

Holland America Line. " Holland America Line Celebrates 145th Anniversary ."

Google Books. " Nautical Tourism ," Page 209.

Carnival Corp. " Form 10-K for the fiscal year ended November 30, 1994 ," Page 6 (PDF).

LinkedIn. " Seabourn Cruise Line ."

Seabourn. " Our History ."

Carnival Corp. " 1999 Annual Report ," Page 32.

The Wall Street Journal. " Carnival to Acquire Remaining 50% Of Costa Crociere From Airtours ."

Carnival Corp. " Form 10-K for the fiscal year ended November 30, 1999 ," Page 16 (PDF).

Costa Crociere S.p.A. " Our History ."

Costa Cruises S.p.A. " Our company: a world in movement ."

The New York Times. " COMPANY NEWS; CARNIVAL TO BUY REMAINING STAKE IN CUNARD LINE ."

Cunard. " 180 years of sailing with Cunard ."

Carnival Corp. " 1999 Annual Report ," Page 2.

The New York Times. " COMPANY NEWS; P&O PRINCESS CRUISES APPROVES ACQUISITION BY CARNIVAL ."

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Costa Cruises

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Costa Cruises fleet

Costa toscana, costa smeralda, costa diadema, costa fascinosa, costa favolosa, costa deliziosa, costa pacifica, costa serena, costa fortuna, review of costa cruises.

Costa Cruises (Costa Crociere SpA, CostaCruise.com) is a British-American-owned Italian company based in Genoa Italy . Costa is one of the main operating companies in Carnival Group ( Carnival Corporation subsidiary) and a member of the exclusive WLCLA (World's Leading Cruise Lines Alliance). WLCLA also includes Carnival, Cunard, Holland America, Seabourn, Princess, Windstar.

Company history and changes

The sister brands Costa and CCL-Carnival Cruise Line are currently ranked the world's cheapest. Costa is also ranked "best" for Mediterranean itineraries and among the best travel brands for families, ruling in Southern Europe with its "Italian Style Cruising".

The company's main competitor on the European market is MSC Cruises .

Costa's USA headquarters is in Hollywood Florida.

Costa Crociere SpA's current leadership team includes Mario Zanetti (President), Michael Thamm (CEO/Chief Executive Officer), Roberto Alberti (CCO/Chief Commercial Officer), Roberto Alberti (Senior VP and CCO/Chief Corporate Officer), Francesco Muglia (Senior VP of Global Marketing & Sales), Giovanna Loi (VP of Global Marketing & Customer Experience Innovation).

Until 2023, Costa Group's and Carnival Asia's CEO was Michael Thamm. As his position was not filled, AIDA's and Costa's presidents now report directly to Josh Weinstein (Carnival Corporation's CEO).

In 2023, Costa Cruises marked its 75 years of passenger shipping since its first passenger ship - SS Anna C (1955-built), departed from Genova/Milano to Buenos Aires (Argentina) on March 31, 1948, carrying a total of 768 guests.

The 1854-founded company was originally named "Giacomo Costa fu Andrea" and established by Giacomo Costa for trading in olive oil/textiles. Costa's first Transatlantic liner (SS Anna C) was the first to cross the South Atlantic following WW2 (1935-45) and also the first to have air-conditioned passenger staterooms.

As of 2023, Costa has a fleet of 22 vessels.

IMPORTANT " On June 22, 2022, CCL-Carnival and Costa announced the "COSTA by CARNIVAL" cruise program targeting CCL's North American source market. The program is based on two newbuild Costa ships transferred to CCL - Venezia (starting in April 2023 with homeporting in NYC New York USA ) and Firenze (starting in 2024 with homeporting in Long Beach/Los Angeles California USA ). Both Costa liners are CCL-managed (while operating out of the USA) and were scheduled for drydock refurbishments prior to the Carnival service.

IMPORTANT : On June 23, 2021, CCL-Carnival announced plans to add 2 boats to its fleet - an EXCEL-class newbuild (2023-built Carnival Jubilee ) and Costa Magica (2004-built). The Costa boat was to be drydock refitted and fully refurbished, Carnival-named, and to join CCL in 2022-H1. However, on June 15, 2022, was announced that instead of Costa Magica, to CCL will be transferred Costa Luminosa (2009-built) starting operations in November 2022 as "Carnival Luminosa".

On October 4, 2021, was officially introduced (on Smeralda ) the company's new logo design.

Costa is well-known for its energetic mix of traditional (exotic) experiences based on Mediterranean cuisine, festive onboard atmosphere, dynamic entertainment, affordable travel comfort, popular itineraries (visiting large port cities), and convenient homeports/departure ports. Costa ships operate budget-priced voyages and their clientele is predominantly European (mostly younger couples and singles) while many Americans and Canadians enjoy Costa's Asian-South American-Arabian destinations.

In late-September 2017, Costa announced its partnership with Juventus (football club). The deal allows Costa to offer exclusively a Juventus onboard experience on all Costa Asia ships. This includes Juventus football content available 24/7 on all cabin TVs, talks and presentations (club history and memorabilia) at the ship's Juventus Museum and purchasing branded souvenirs at the themed "Juventus Shop". All Costa Asia ships also feature a Juventus-branded mini club and character meetings by Juve's official Jay Mascot (zebra). Onboard sports activities include a Juventus football training program (for all kids ages 5 to 14) modeled after the club's Juventus Academy (soccer school). The program is managed by Juve-trained coaches. The ever first "Juventus Museum" at sea was opened on Costa Serena on January 31, 2018.

In late-November 2019, Costa announced its partnership with FlixBus (2011-founded German travel brand owned by FlixMobility GmbH), with sister brands FlixTrain and FlixCar. The Munich -based FlixBus specializes in intercity premium bus services in Europe and the USA. The Costa-FlixBus deal allows now Costa customers to pre-book (add upon cruise booking) FlixBus return transfers from any of the European port cities that FlixBus serves. Currently, FlixBus has Europe's largest intercity bus network with 400,000+ daily connections to 1000+ destinations in 30 countries.

In mid-September 2021 Costa signed a partnership deal with Caffe Vergnano the "Made in Italy" espresso beverages and coffee-based delicacies fleetwide. The iconic Italian coffee company was founded in 1882 as a family business (by Domenico Vergnano) and is still run by the Vergnano family. Vergnano's sales in 2020 were EUR 80,6 million (~USD 94,5M / ~GBP 68,8M). Costa's first ships with "Caffe Vergnano 1882" (brand coffee shops) were the newbuilds Smeralda (2019) and Toscana (2021).

In mid-October 2021, Costa and ITA Airways (Italia Trasporto Aereo SpA/state-owned airline, Italy's flag carrier, fka Alitalia) signed an LoI (letter of intent) for joint commercial initiatives promoting new products and services. Via the partnership, Costa made ITA its "preferred air carrier" for fly-cruises (flight+cruise packages) to medium- and long-range travel destinations served by Costa ships. The deal was signed by Mario Alovisi (Costa's VP Revenue Management) and Emiliana Limosani (ITA's CCO).

In mid-January 2022, Costa signed an exclusive partnership with Ryder Cup for "Ryder Cup 2023" (to be held at Golf Marco Simone - premium golf course in Guidonia Montecelio/ Rome ). Ryder Cup is a 1927-established men's golf championship (biennial) between European and American teams. Through this partnership, on Costa Smeralda was introduced the new "Cruise & Golf" package (available since May 2022). Two packages (inclusive of either 3 or 4 club fees) allow golf aficionados and their families a unique "golfing vacation" to visit and play at premium golf clubs in Italy (from Savona, Palermo Sicily, Civitavecchia-Rome), France (from Marseille) and Spain (from Barcelona and Palma de Mallorca) during the 7-day itinerary's port calls.

In July 2023 was announced the "Costa Journeys" itinerary program (2023-2024) that groups longer exotic voyages in Europe/Mediterranean.

In September 28-October 1, 2023, Costa was Ryder Cup's Official Cruise Line. The exclusive partnership also involved the ships Smeralda and Toscana, offering golf-themed onboard events/competitions and a special "Cruise and Golf" package for visiting some of the Mediterranean's best golf courses - Circolo del Golf Roma Acquasanta/Rome, Golf Garlenda/Savona, Sant’Anna/Genoa, Marco Simone/Guidonia, Golf Bastide de la Salette/Marseille, Real Club de Golf El Prat/Barcelona, Golf Son Gual Mallorca/Palma. Costa's packages also offer golfing in the UAE (Dubai's Emirates Golf Club and Els Club, Abu Dhabi's Golf Club and Yas Links), Oman (Muscat's Al Mouj Golf and Ghala Golf), and Qatar (Doha Golf Club).

In March 2024 were introduced "Sea Destinations” (onboard programming) themed on the current itinerary's ports/island destinations.

In July 2015, Carnival Corporation signed a shipbuilding agreement with Meyer Werft for the construction of all 4 new class vessels. Contracts were finalized in April 2016. Of these 4 new cruise ships , 2 liners are for Costa and the other 2 for AIDA Cruises (Carnival's German brand).

The new Costa ships were scheduled for delivery in 2019 ( Costa Smeralda , December) and 2021 ( Costa Toscana ). Costa ships were built in Turku Finland , AIDA ships - in Papenburg Germany . Each vessel has a gross tonnage of 183,000 GT tons, over 2,600 cabins, double-occupancy passenger capacity 6600 and crew capacity ~700. Ship's design features more efficient use of both indoor and open-deck spaces, with several multi-functional areas.

These new (Excellence/Helios-Class) ships are the industry's first fully LNG-powered vessels , generating 100% of their onboard and propulsion power from LNG (Liquefied Natural Gas) - both in ports and at sea. With the new liners, Costa Group had a fleet of 7 ships on order (total capacity 41,000 berths) to total Costa fleet capacity 110,000 berths.

The 4-vessel contract was part of a previously announced larger shipbuilding order with Fincantieri (Italy) and Meyer Werft for all 9 new vessels with scheduled deliveries between 2019 and 2022. Managed by Costa Group, the combined Costa-AIDA fleet became Europe's largest. In 2014, one out of every two cruise ship tourists in Europe sailed on either AIDA or Costa ship. In 2015, Costa Group had 20 offices in 14 countries, around 27,000 shipboard employees and total passenger capacity of over 68,000 berths (across the combined fleet). Costa Group also is the leader of China's rapidly growing cruise market in Asia.

In January 2016, Carnival Corporation signed an MoA (memo of agreement) with Fincantieri to build 4 new vessels. Contracts were finalized in April 2016. Of these, two boats were for Costa Asia (Venezia and Firenze), one for Princess (Enchanted Princess) and one for P&O UK (Arvia). With this shipbuilding order, Carnival Corporation had a total of 17 new ships scheduled for deliveries between 2016-2020. The four vessels were built at Fincantieri's shipyards in Monfalcone and Marghera and delivered in 2019-2020.

Three of the vessels are designed with GT tonnage 133,500 tons, LOA length 323 m (1060 ft) and capacity 4000 passengers plus 1450 crew (2 are for Costa Asia, 1 for P&O AU). One larger unit (GT 143,700 tons, capacity 3560 passengers) is for Princess (Enchanted Princess). Both Costa ships are exclusively for the booming Chinese market. Each vessel is powered by two MAN diesel engines (model 14V48 / 60CR) plus three MAN diesel engines (medium-speed, model 8L48 / 60CR), providing total power output 62,400 kW. The engines are Tier-II compliant.

Costa cruise ship experience

• Dining: authentic Italian cuisine, prepared by European chefs, midnight buffets, gala dinners, healthy menu options. Spa suites, permanent room service.
• Costa ships specials: the 2-level Samsara Spa (6,000 sq.m., with many exotic treatments), a 3-level Theater, a 4D Cinema (hybrid), up to 4 onboard pools (2 with retractable roofs), a Grand Prix simulator, an 18-hole golf simulator. Every ship has a small chapel, suitable for intimate weddings.
• Traditional on-board celebration parties: "Benvenuto A Bordo", "Buon Viaggio" and "Notte Tropical". Costa's festive theme nights: the tarantella dancing and pizza dough tossing during the Festa Italiana, playing games of boccie, ice carving, "Roman Bacchanal Parade" and "Roman Toga Party".
• "Costa Kids' Club" - supervised interactive programs, ages 3 to 17. PlayStation World center onboard for video game tournaments.
• Entertainment: European-style casino, bingo, Internet cafe, musical revues, live performances by comedians, acrobats, and mime artists; classical concerts in lounges. Italian language and cooking classes on board. "Via Condotti" boutiques with premier Italian goods.
• For cruises starting April 2018, the cruise line restructured its fares into 4 categories, ranging from a Basic, no-frills version, to Deluxe level which includes just about everything. Costa announced its new pricing plan in North America after rolling it out in core European markets. The plan does not apply to a number of Asia-based vessels or world cruises. Unlike airlines, Costa is not charging for amenities that used to be free, with just one exception: The cheapest level doesn't include the ability to choose a cabin.
• Basic level, which is the least expensive option, includes dining in venues that have always been included in the price of the voyage, onboard entertainment, and use of pools and fitness areas. Guests who choose the Basic option don't get to choose cabin assignment. Total Comfort Classic includes all basics plus a cabin choice and unlimited beer, wine, and soft drinks with lunch and dinner. A step up from it is Total Comfort Premium, offering a choice of cabins in a prime location, the ability to select 1st or 2nd dinner seating, as well as unlimited drinks anytime. Deluxe is the top option, including a suite, unlimited drinks, spa access, invitations to special events, free minibar, in-suite daily fruit, and other amenities.

Costa has Europe's youngest cruise fleet and all its ships are Italy- flagged (registered in Genoa ). Costa's current fleet consists of liners in the following classes (low to high): SPIRIT, FORTUNA, Concordia , EXCELLENCE, VISTA.

MSC and Costa are the leaders on the Mediterranean market (Costa being the "most fun" brand) and among Europe's best family cruise lines providing best family-fun "Italian-Style Cruising" experiences by cheap deals, traditional cuisine, unique shipboard facilities, activities, amenities and services on big- and mid-sized ships.

• operator (Costa Cruises Group)
• shipowner (Carnival Corporation)
• hallmark ("Cruising Italian Style")
• flag-state/registry (Italy/Genoa)
• builders - Fincantieri (Italy) and Meyer Werf ( Turku, Finland )

Costa ship classes

• Excellence/Helios-Class: SMERALDA, TOSCANA
• Vista Class: VENEZIA, FIRENZE
• Hybrid Spirit-Vista Class: LUMINOSA, DELIZIOSA
• Concordia Class (Modified): FAVOLOSA, FASCINOSA
• Concordia Class: Costa CONCORDIA ( sank in 2012 ), SERENA, PACIFICA
• Fortuna Class: FORTUNA, MAGICA

Costa Cruises private island Sir Bani Yas

In June 2016, MSC Cruises announced it had created an exclusive "beach oasis" for vacationers on Abu Dhabi and Dubai cruises from 2016-2017 winter. The 1.5-mile stretch of land on the natural Sir Bani Yas Island , off the southwest coast of Abu Dhabi, features shaded cabanas, hundreds of palm trees and over 2,000 sunbeds across 387,500 sq.feet of beaches.

Starting from December 2016, MSC Fantasia added the destination available exclusively to MSC passengers when the cruise ship calls at the island, to Emirates itineraries. The development is on a smaller isle connected to the main island by wooden boardwalk. Other facilities include food, refreshments, MSC Aurea Spa area with a menu of massages, sports facilities (beach volleyball, tennis), family and kids-dedicated area with parents' pergola, Bedouin tent offering arts and crafts created by local communities, lounge space with live music and a bar. The MSC Cruises company has been working closely with ecologists and Abu Dhabi Port Authorities for more than 2 years to develop the project and support the ongoing preservation work.

The isle is one of the largest wildlife reserves in the region due to decades of conservation work and ecological investment to maintain its biodiversity. The Arabian Wildlife Park on the Sir Bani Yas main island is home to over 13,000 endangered and indigenous animals, as well as millions of plants and trees. The first sailing of the winter season departs on December 3, 2016, and calls at the island on December 5. Prices started at US$719 per person for a 7-night itinerary.

In July 2016, Costa Cruises announced thar Sir Bani Yas Island will be added as a 1-day stopover (port of call) on UAE Cruises (season 2016-2017) on Costa neoRiviera ). Costa passengers had access to a private (Costa exclusive) beach with VIP areas with cabanas. Shore excursion options included jeep safaris (in the wildlife park), sea kayaking, diving, snorkeling.

Costa cruise ship robots

An innovative AIDA and Costa Cruises program implemented the latest cyborg technology fleetwide. Humanoid robots (named Peper) greet and guide passengers upon embarkation. They also assist them throughout the cruise by providing information and tips on shipboard dining, entertainment, pre-scheduled events, shore excursions, and tours.

Peper robots are able to communicate in 3 different languages (English, German, Italian), to move fluidly and even to interpret human emotions by analyzing voice tones and face expressions.

The new technology was first tested on AIDAstella where Pepper learned to engage with passengers and crew. The first set of robots were introduced on Costa Diadema and AIDAprima in April 2016. By the end of summer 2016, Pepper robots were added on all AIDA and Costa ships.

(new) Shipboard-made mozzarella

Since 2017, Costa ships offer onboard-made, certified (top-quality) mozzarella produced from buffalo milk. The new product is branded "Latteria del Curatino" and created via a partnership with two Campania-based dairy companies - "Comat" (dairy equipment manufacturer) and "Podere dei Leoni" (creamery, leading Italian producer of certified buffalo mozzarella).

With this new food product, Costa became the world's first cruise company serving its passengers a fresh-made mozzarella. The new service was introduced first on Costa Diadema . The shipboard-made mozzarella is produced by a Comat-manufactured steam machine (powered by electricity) that uses the curd of cow and buffalo milk sourced from Salerno 's Piana del Sele area. The stretched curd is then rolled into a ball to form a mozzarella or hand-shaped and molded by the cheesemaker to become buffalo mozzarella cheese.

Costa ships' fresh-made mozzarella, as well as other onboard-made traditional Italian cheese specialties, can be ordered from the special "Goccialatte" menu available in the Costa Cruises' signature pizzerias "Pummid'oro". The menu has a mozzarella roll (with salad, vegetables and smoked salmon), tomato and buffalo mozzarella (made in 3 different ways), tuna (with Doganella oil, red onions and burrata), beef carpaccio (with a chicory salad and smoked scamorza), warm focaccia, mortadella and stracciatella cheese (served with pickled vegetables), Neapolitan peasant bread, porcini mushrooms, fior di latte (onboard-made cheese) and guanciale (cured pork meat).

The fresh-made Fior di latte cheese and buffalo mozzarella are also used in some Pummidoro pizzas, prepared with sourdough and select ingredients. By the end of 2017, these unique cheeses were also included in the menus served in other onboard restaurants.

Costa's 4GOODFOOD program

In February 2018, the company announced its 4GOODFOOD program for decreasing by 50% food waste fleetwide by the year 2020. As of 2018, on Costa ships are served annually around 54 million meals.

Following the company's review of the shipboard food service and food processing, it decided to remodel both with a new sustainability approach, engaging all passengers and crew in responsible consumption. It was estimated that this program engages nearly 2 million passengers per year, plus around 19,000 crew.

For the project, Costa established partnerships with Banco Alimentare, Cittadinanzattiva Onlus, UNISG (University of Gastronomic Sciences), Slow Food Foundation and Winnow Solutions. The company Winnow Solutions specializes in food processing optimization in professional kitchens, As part of the program, Winnow trained around 2400 galley crew/kitchen workers fleetwide.

The project was first tested in 2016 on Costa Diadema . The results were around 50% reduction in food waste. The onboard self-service buffet restaurants reported lowered food consumption by 20%. In 2017, Costa Cruises started to donate all the surplus food in Port Civitavecchia (Rome) - over 32,000 meals per year. The same policy was implemented since 2018 in the Mediterranean ports Palermo, Bari, Venice, Cagliari (Sardinia Island), Marseille, Barcelona, Piraeus (Athens), Valletta (Malta).

(new) Costa cruise booking system

Starting April 2018, Costa Cruises has a new, restructured cruise booking system with fares based on 4 main categories. They range from Basic to Deluxe (all-inclusive). The new pricing plan doesn't apply to the Asia-based ships and also on world cruises . All previously free-of-charge (complimentary) amenities remain, with the exception that the cheapest (Basic) level doesn't include the option to choose a cabin.

• "Basic" level is the cheapest booking deal and includes dining in all complimentary venues, onboard entertainment, use of swimming pools and fitness facilities. However, cabin assignment is not available.
• "Total Comfort Classic" level includes all Basic level perks plus cabin choice and unlimited drinks (beer, wine, soft beverages / with lunches and dinners).
• "Total Comfort Premium" level includes premium cabin locations, option to select 1st or 2nd dinner seating, unlimited drinks anytime.
• "Deluxe" level is the all-inclusive option that includes Suite, unlimited drinks, unlimited spa access, invitations to onboard special events, free mini-bar, in-suite daily fruits.

New Costa cruise ship livery (2019)

Celebrating its 70th anniversary, in 2018 Costa Cruises changed the company's ship livery/hull logo fleetwide. The first liner with the new logo was Costa Mediterranea .

The new livery is a stylized Italian flag (under the vessel's name / new font, larger lettering) painted on the bow. The project (scheduled completion by 2018's end) covered all active ships in the fleet plus the new vessels under construction - Smeralda and Venezia .

For its 70th Anniversary, Costa organized a special voyage exclusively for CostaClub (loyalty program) members. The 12-day Mediterranean itinerary was on Costa Pacifica and visited 18 different countries. The special voyage was booked by nearly 3000 people. It featured a live concert by Gloria Gaynor (US singer) and a 3-meter high pyramid of gourmet eclair cakes (created by Chef Christophe Adam). The "birthday cruise" was attended by the company's President Neil Palomba. Michelin Chef Bruno Barbieri directed a cooking show and presented his new (Costa fleet exclusive) menu.

On July 7, 2018, during the company's 70th-anniversary celebrations in Genoa (Costa Zena Festival) was constructed a waterslide with length 340 m (1115 ft) designed to break Guinness World Record for "longest slid in 1 hour". The slide was installed on Via XX Settembre street and helped to establish the world's new record of 775 km (481,6 ml) sliding in 1 hour. Another world record broken was for longest bunting string - 2070 maritime signal flags were connected into 2 km long line along the festival's areas. At Old Port and Piazza Caricamento were performed live 60 performers (street musicians, dancers, artists, acrobats), 29 singers, DJs, comedians. Piazza de Ferrari had for kids' games, workshops and parties with mascots. The evening concert (at 8.30 pm) was on Radio 105 stage (opposite Piazza delle Feste) and included performances by popular Italian singers and bands.

Costa Asia is Carnival Corporation 's subsidiary company that manages all the corporation's Asian cruise shipping operations. The Costa Asia company has offices in China (including Hong Kong), Singapore, Indonesia, Malaysia, Philippines, Thailand, and India. Costa Asia is also the operator of all Asia-based Costa cruise ships.

Since May 2017, Costa Asia-managed cruise vessels (of all Carnival Corporation brands) allow using Alipay payment services onboard. The partnership between Carnival Corporation and Ant Financial Services Group (a subsidiary of Alibaba, China's biggest online trading company) enables Chinese cruise passengers on all Carnival Corp ships in Asia to pay for onboard services and products using their Alipay (mobile payment platform) accounts. Among these onboard services and products are shopping, tours/excursions, food, and drinks. These expenditures are added to the passenger's cabin folio, then cleared via his/her Alipay account on a nightly basis.

(Coronavirus crisis) passenger shipping pause 2020-2021

Due to the COVID pandemic, Costa partially suspended its fleet's passenger shipping operations by canceling all Italy-visiting voyages with pre-scheduled departures in the period March 9 through October 1, 2020. Operations were planned to resume on August 21 (ship Pacifica), with 5x ships only. In early-December was canceled the remaining 2020 program.

Next are listed Costa's first scheduled departure dates by ship/destination - SMERALDA (May 1, 2021/Mediterranean), LUMINOSA (May 16, 2021/Mediterranean-Trieste), DELIZIOSA (June 26, 2021/Mediterranean-Venice-Bari), PACIFICA (June 4, 2022/Mediterranean-Bari), FAVOLOSA (October 7, 2022/Mediterranean from Tarragona Spain), DIADEMA (Sept 26, 2021/Mediterranean-Savona), FASCINOSA (Sept 23, 2021/Mediterranean-Savona), FORTUNA (June 11, 2022/Baltic-Icealnd from Bremerhaven), FIRENZE (July 4, 2021/ Maiden Voyage/ Mediterranean from Civitavecchia-Rome), VENEZIA (Aug 2, 2021/ Asia-Tianjin China ), SERENA (Sept 5, 2021/ Asia- Otaru Japan ), TOSCANA (March 5, 2022/ Maiden Voyage /Mediterranean from Savona).

With rebooking, all affected bookings received full refunds (100%) in FCC (future cruise credit), including on prepurchased through Costa Cruises packages and services.

• On August 13, Costa announced that its passenger shipping operations start in September 2020 with two ships - Costa Deliziosa (Sept 6, from Trieste) and Costa Diadema (Sept 21, from Genoa). These voyages were for Italian citizens only. The 7-day roundtrips visited only ports in Italy - Deliziosa (to Bari, Brindisi, Corigliano-Rossano and Sicily - Siracusa and Catania) and Diadema (to Civitavecchia-Rome, Naples, Cagliari Sardinia, Palermo Sicily, La Spezia). Costa Smeralda (departure October 10) was added with 7-day roundtrips from Savona (to Genoa, La Spezia, Cagliari Sardinia, Naples, Messina Sicily, Civitavecchia-Rome).
• Costa's South America 2021-2022 winter program (Favolosa from Santos, Pacifica from Rio de Janeiro) was canceled.
• Costa's Baltic 2021 program (Diadema, Fascinosa, Favolosa, Fortuna) was canceled.
• PACIFICA's Red Sea from Dubai program (winter 2021-2022) was canceled.
• FORTUNA's Caribbean program (winter 2021-2022, roundtrips from Guadeloupe and Dominicana) was canceled.
• MAGICA was transferred to CCL-Carnival in June 2021.
• In mid-June 2020, Carnival Corporation (shipowner) sold Costa Victoria to San Giorgio del Porto (shipyard in Genoa Italy ). The new shipowner soon sold the vessel for scrapping (in Piombino Italy ).

Itinerary of Costa Cruises

Costa Pacifica's schedule for summer 2023 (June 3 thru October 7) lists Taranto Italy s both a homeport (also reached with a fly-cruise package) and a call/transit port for passengers embarking in other ports, particularly Catania. Taranto (a total of 19x calls/Saturday visits/port stay 8 am and 5 pm) was included as part of a 7-day Greek Islands itinerary also visiting Catania (Sicily), Valletta (Malta), and Greece's Mykonos Island and Santorini Island.

Costa Journeys itineraries (2023-2024)

In July 2023 Costa announced "Costa Journeys" - a new itinerary program that groups longer (most are 2-week long) exotic voyages in Europe/Mediterranean scheduled for 2023-2024.

Next are listed the Costa Journeys ships and their voyages open for booking when the program was inaugurated.

( Costa Pacifica ) 14-day "Egypt and the Holy Land" itinerary itinerary visits ports in Italy (Savona, Naples, Catania) France (Marseille), Spain (Barcelona), Malta (La Valetta), Egypt (Alexandria-Cairo, Port Said), Israel (Haifa), Crete Greece (Heraklion). Roundtrip departures (in October-November 2023) are available from 4 ports (Savona, Haifa, Barcelona, Marseille). Similar "Holy Land" voyages were scheduled for Costa Fortuna in 2024.

( Costa Fascinosa ) 14-day "From the Mediterranean to Madeira and the Azores" itinerary visits ports in Italy (Savona), France (Marseille), Spain (Barcelona, Malaga, Cádiz-Sevilla), Portugal's Madeira (Funchal) and Portugal's Azores (Ponta Delgada, Praia da Vitória). Roundtrip departures (in April 2024) are available from 3 ports (Savona, Barcelona, Marseille).

( Costa Fortuna ) 14-day "Turkey, Greece and Tunisia" itinerary visits ports in Italy (Savona, Civitavecchia-Rome, Catania), Spain (Barcelona), France (Marseille), Tunisia (La Goulette-Tunis), Greece (Piraeus-Athens), and Turkey (Izmir, Istanbul). Roundtrip departures (in April 2024) are available from 3 ports (Civitavecchia-Rome, Barcelona, Marseille).

( Costa Favolosa ) 10-day "Morocco and Gibraltar" itinerary visits ports in Italy (Savona), France (Marseille), Spain (Valencia, Malaga), UK (Gibraltar), and Morocco (Tangier, Casablanca-Marrakesh). Roundtrip departures (in December 2024) are available from 2 ports (Savona, Marseille).

Itinerary changes 2024-2025

Costa's Mediterranean 2024 schedule has 3 ships in the Western Med ( Smeralda , Toscana , Pacifica ). The week-long voyages visit ports in France, Italy and Spain.

Smeralda departs from Genoa every Friday, starting March 22nd, to call at Marseille, Barcelona, Cagliari (Sardinia Italy), Naples and Civitavecchia-Rome. Toscana departs from Savona every Saturday, to visit Marseille, Barcelona, Palma (Mallorca), Palermo (Sicily), and Rome-Civitavecchia. During summer 2024, Palma is to be replaced by Ibiza.

Pacifica departs from Savona every Sunday, to Rome-Civitavecchia, Ajaccio (Corsica France), Palma de Mallorca, Marseille and Valencia, with La Spezia replacing Ajaccio during the autumn.

In 2024, Deliziosa is deployed in the Eastern Mediterranean, with a Greek islands itinerary visiting Venice/Marghera ,  Bari , Mykonos ,  Katakolon , Santorini . Also included are voyages from  Taranto / Catania , bound for Valletta Malta and the Greek islands.

During summer 2024, 3 Costa ships are deployed in Northern Europe - Diadema, Fascinosa, and Favolosa. Diadema offers 7-day roundtrips from Kiel Germany , bound for Copenhagen and the Norwegian Fjords. Favolosa sails on 4 different itineraries from Amsterdam Netherlands , visiting Greenland, Iceland, Ireland, England, and Norway's Lofoten Islands . Fascinosa offers 12-day sailings to North Cape/Nordkapp and 9-day Baltic voyages visiting Helsinki, Stockholm, Riga, and Tallinn.

In spring and fall 2024, 3-day and 4-day Western Mediterranean mini-cruises are scheduled for Fascinosa and Pacifica.

In autumn 2024, the Costa ships Diadema and Favolosa sail the Mediterranean and Spain's Canary Islands, with a 2-week itinerary, or Lisbon+Morocco with 10-day sailings. In spring Fascinosa also visits Portugal's Azores.

Costa Deliziosa 's World Cruise 2025 visits destinations in Tierra del Fuego/Chilean Patagonia, Polynesia, Australia, New Zealand, and South Africa. For the first time, the departure is in early December 2024/not in January, to enjoy the holidays on a cruise. New Year’s Eve in Brazil's Rio de Janeiro is with the fireworks display from Copacabana Beach.

For summer 2024 (June 7th to September 13th), Costa Fortuna departs on Fridays from Piraeus-Athens to Istanbul and the Greek islands (Crete, Rhodes, Mykonos, Santorini). On some of the departures, the itinerary visits Bodrum instead of Rhodes.

Costa's flight+cruise package is available from all major European countries.

In the spring and fall of 2024, Costa Fortuna offers short (3 to 5 days) Western Mediterranean voyages, as well as a range of 2-week itineraries. These itineraries visit Morocco, Lisbon, Israel, Egypt, and Tunisia, Turkey, Greece, the Greek islands, Ibiza.

In summer 2024, Fascinosa offers 7-day roundtrips to Malta and the Greek islands, and 2-week roundtrips to the Canaries, while Favolosa and Diadema operate in Northern Europe. Favolosa has 3 different itineraries (out of Hamburg ) visiting Nordkapp/North Cape, the Lofotens, Iceland, and Greenland. A new 8-day itinerary visits the UK/Scotland. Diadema offers week-long roundtrips to the Norwegian Fjords.

Costa's winter 2024-2025 schedule lists voyages in Europe/Mediterranean, the Caribbean, and the UAE, including an Around the World Voyage departing in December 2024.

The Mediterranean-deployed Costa Toscana offers 7-day voyages to Italy, France, Spain, and the Balearic Islands. The schedule features extended port stays (10+ hours) at each call port - Savona ,  Marseille ,  Barcelona , Palma de Mallorca ,  Palermo , and  Civitavecchia/Rome .

The Caribbean-deployed Costa ships Fortuna and Fascinosa offer two alternating one-week itineraries (each) that can be combined into two-week B2Bs. The "flight+cruise" package is recommended. Costa Fortuna will exclusively sail between the Lesser Antilles, with itineraries featuring destinations such as Guadeloupe, Tortola, St Marteen, Antigua, St Lucia, Martinique, and Trinidad-Tobago. Costa Fascinosa's itineraries explore Dominicana (La Romana, Amber Cove, Samana, Catalina Island ), Jamaica (Ocho Rios), Grand Turk, St Lucia, Barbados, Guadeloupe, Antigua, BVI/British Virgin Islands.

The UAE-based Costa Smeralda offers 7-day Red Sea cruises from Dubai (two-day/overnight stay) visiting Muscat Oman, Doha Qatar, and Abu Dhabi UAE.

Costa Deliziosa 's World Cruise 2025 departs on December 7th, 2024, and its highlight is New Year's Eve in Rio de Janeiro .

In June 2023 was announced Costa Serena's India program developed as an extension of the ship's East Asian deployment. Serena's India schedule (November 4th, 2023, thru January 1st, 2024) included 23 sailings, following the voyages in Thailand, Taiwan and Korea. Costa's India 2023-2024 cruises visit exclusively domestic destinations, targeting predominantly Indian tourists. The itineraries (ranging between 2 to 5 days) visit  Mumbai ,  Cochin ,  Mormugao/Goa , as well as the Lakshadweep Archipelago.

Ship deployments, homeports, itineraries

The next table shows all Costa ships with their homeports (departure ports) and itinerary program reviews.

IMPORTANT : Three Costa ships ( Luminosa , Firenze , Venezia ) were transferred to CCL-Carnival Cruise Lines for the "COSTA by CARNIVAL" cruise program. These liners are CCL-managed while operating out of the USA.

(NEWEST) Excellence-class (aka Helios-class)

• gross tonnage 180,000 tons, LNG powered, passengers 5200, cabins 2600
• shipbuilder Meyer Turku
• vessels - Costa Smeralda (2019), Costa Toscana (2021)

building cost USD 950 million per unit

(NEW) Vista-class

• Costa Venezia (2019), Costa Firenze (2020)
• new class ships for the Asian market (homeported in China)
• gross tonnage 135,500 tons, passengers 4200
• shipbuilder Fincantieri

building cost USD 780 million per unit

Dream-class ships

• GT tonnage 92,700 tons
• LOA length 294 m, width 32 m, draft 7 m, decks 12
• speed 42 kph, 1130 staterooms, capacity 2828+1100 (passengers+crew)
• vessels - Costa Diadema (2014) , Costa Deliziosa (2010) , Costa Luminosa (2009)

building cost: USD 600 million per unit

Concordia-class ships

(Modified) Concordia-Class Ships Specifications: tonnage 114,500 GT, length 290 m, beam 32 m, draft 8 m, decks 13, speed 40 km/h, 1500 staterooms, capacity 3780+1100 passengers+crew. Cost US$670 million per unit.

vessels - Costa FASCINOSA (2012) , Costa FAVOLOSA (2011) , Costa PACIFICA (2009) , Costa SERENA (2007)

Concordia-Class Ships Specifications (Modified Conquest-class): tonnage 114,500 GT, length 290m, beam 36m, draft 8m, decks 14, speed 40 km/h, 1500 staterooms, capacity 3780+1100/passengers+crew.

Fortuna-class ships

Fortuna-Class Ships Specifications (identical to the Carnival Destiny-class): tonnage 105,000 GT, length 271m, beam 37m, draft 8m, decks 13, speed 37 km/h, 1,358 staterooms, capacity 2,720+1,027 passengers+crew.

Costa FORTUNA (2003) - all present and past Costa ships are displayed as models in the Atrium.

Sky-class ships

Sky-Class Ships Specifications: tonnage 76,000 GT, length 252m, beam 32m, draft 8m, decks 12, speed 40 km/h, capacity 1,928+766 passengers+crew, builder: Bremer Vulkan, Germany.

Costa VICTORIA (1996) - the first cruise ship with later added balconies.

The vessel was sold and scrapped in 2020.

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A second major cruise line is about to resume sailings in the Mediterranean

A second major cruise line is about to test the waters for a resumption of cruising in the Mediterranean.

Europe-based Costa Cruises on Sunday will resume seven-night sailings out of Italy with a single ship, the 2,260-passenger Costa Deliziosa.

The 12-deck-high vessel will sail from Trieste, Italy, on an all-Italy itinerary featuring stops in Bari and Brindisi in Puglia; Corigliano-Rossano in Calabria; and Siracusa and Catania in Sicily.

For more cruise news, reviews and tips, sign up for TPG's new cruise newsletter.

Costa is following in the wake of Europe -based MSC Cruises, which on Aug. 16 became the first major cruise line to restart sailings in the Mediterranean since the coronavirus caused the cruising industry to shut down in March.

Like Costa, MSC Cruises restarted operations with just a single vessel, the 4,842-passenger MSC Grandiosa. It's sailing out of Genoa on seven-night trips to ports in Italy and Malta.

For both lines, the sailings are a test of sorts to see if they can operate without major coronavirus-related incidents even as the illness continues to circulate in society without a vaccine.

Related: How to book a cruise with points and miles

So far, MSC Grandiosa has recorded no cases of COVID-19 on board.

MSC Cruises has taken some extraordinary -- and innovative -- measures to keep the coronavirus off the ship. That includes rapidly testing every passenger for the illness as they arrive for their cruise. Those who test positive aren't allowed to board. MSC Grandiosa passengers also aren't allowed to get off in ports for touring on their own. They only can disembark as part of a cruise line-organized tour that's designed for social distancing.

The ship also is operating at a significantly reduced capacity, and with social distancing and mask-wearing rules in place.

The policies are designed to create a coronavirus-free "bubble" on board the ship. But the line also has prepared for the possibility of onboard cases of the illness by setting aside hundreds of cabins for crew and passenger isolation and arranging for medical help in advance from port towns.

Related: Has MSC Cruises cracked the code for a safe return of cruising?

Like MSC Cruises, Costa also plans to test passengers for COVID-19 on the day of departure before they board the ship and restrict their touring options in ports.

Costa says Costa Deliziosa will operate four of the seven-night Italy sailings between this weekend and Oct. 3. It hasn't said whether the ship will continue with the voyages beyond that date.

Assuming all goes well, a second, bigger Costa ship -- the 3,724-passenger Costa Diadema -- will begin sailings from Genoa, Italy, on Sept. 19. Like Costa Deliziosa, it'll only sail to Italian ports including Civitavecchia (the port for Rome ), Naples, Palermo, Cagliari and La Spezia.

Both itineraries only are available to Italians for now. Costa ships normally draw a mix of Europeans as well as a handful of Americans. The company maintains a U.S. sales office.

The restart of cruising for Costa Cruises is a major milestone for its parent company, Carnival Corporation -- the world's largest cruise company. Costa Deliziosa will be the first of nearly 90 Carnival Corporation-operated ships to resume departures since March.

In addition to Costa, Carnival Corporation owns eight more major cruise brands including Carnival Cruise Line , Holland America, Princess Cruises , Seabourn and Cunard Line.

Related: This well-known cruise line just canceled every sailing through March

Cruising is restarting in Europe earlier than in North America because the COVID-19 case counts in Europe have fallen far more sharply in recent months than they have in North America. Italy has recorded fewer than 1,400 cases a day in recent days. The United States, on the other hand, still frequently records more than 40,000 cases a day.

In addition to the Mediterranean, cruising has resumed in a very limited way in Northern Europe with a handful of sailings out of Germany by German lines TUI Cruises and Hapag-Lloyd Cruises. There also have been a few cruises by small lines out of ports in Norway and France .

Quite a few small river cruise ships in Europe also have resumed sailings. But none of the vessels have been of the size or significance of MSC Grandiosa — the world's seventh-biggest cruise ship.

More cruise ships may resume sailing in Europe in the coming weeks. TUI Cruises recently said it was preparing to start cruises from Greece with a single ship on Sept. 13. If it does, it would be the first international line to do so.

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Costa Cruises accepts $1.3 million fine over Concordia disaster

Costa Cruises, the unit of Carnival Corp that owned and operated the capsized cruise liner Costa Concordia, has accepted a $1.31 million fine to settle potential criminal charges concerning last year's deadly accident off the coast of Italy, a company spokesman said on Wednesday.

Costa Cruises had been under investigation as the employer of the crew of the Concordia when it hit a rock off Tuscany in January last year, killing 32 people.

The prosecution is satisfied with the ruling by the preliminary court judge, Valeria Montesarchio, and will not appeal, prosecution sources said, adding that the fine was close to the maximum allowed by law.

The settlement means Costa will not face a criminal trial and ends its potential liability with the state of Italy, but not private lawsuits brought by passengers or crew, the prosecution sources said.

"This is a balanced decision," Costa Cruises lawyer Marco De Luca said after the ruling. "It is the most reasonable solution."

The company spokesman confirmed De Luca's comments, originally made to Italian media, and said the company had no further statement.

A criminal trial is expected to proceed for the individuals targeted by prosecutors.

Captain Francesco Schettino remains accused of manslaughter, causing a shipwreck and abandoning the ship, which was carrying more than 4,000 passengers and crew, and could face up to 20 years in jail.

Schettino steered the ship close to shore in a maneuver known as a "salute", striking a rock that tore a gash in its hull. The 290-metre-long (950 ft) Concordia came to rest on its side, half submerged, where it now rests awaiting salvage.

Five other members of the crew including Schetttino's first officer, and three members of a crisis unit set up by Costa to handle the accident, also face indictment and trial.

Costa Cruises will, as previously announced, seek damages for the loss of the vessel as a civil party in the criminal case when it begins, De Luca said.

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Who Will Pay for the Baltimore Bridge Collapse?

Disputes over liability and the cost of claims could take years for insurers to resolve and result in billions of dollars in payouts.

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By Jenny Gross ,  Michael Forsythe ,  Emily Flitter and Peter Eavis

Jenny Gross reported from London. Michael Forsythe, Emily Flitter and Peter Eavis reported from New York.

On the day the Francis Scott Key Bridge in Baltimore collapsed, President Biden said the federal government would pay the “ entire cost ” of rebuilding it, which some suggest could run to more than $1 billion. Washington will foot the bill so the bridge and nearby port can reopen “as soon as humanly possible,” he said.

The hope is that much of the cost will be recouped from insurers, but determining who is ultimately on the hook for the deadly disaster is set to become one of the messiest and most expensive disputes of its kind. Rebuilding the bridge, repairing the cargo ship that hit it and compensating companies for the disruption at one of the nation’s busiest ports may take years to resolve.

“We’re not going to wait,” said Mr. Biden, who plans to visit Baltimore on Friday to survey the damage.

The legal wrangling began this week when the shipowner, Grace Ocean Private Ltd., and the ship manager, Synergy Marine, both based in Singapore, filed a petition in U.S. District Court to limit their liability to $43.7 million. They cited an 1851 law that allows a shipowner to cap financial damages mostly to the value of a ship after a crash, if the owner is determined not to have been at fault.

Claims against the ship’s owner and manager must be filed to the federal court in Baltimore by Sept. 24, a judge said.

Experts in maritime law and insurance said determining liability was particularly complex because of the many parties involved, from shipowners in Asia to insurers in Europe to companies around the world that move goods in and out of Baltimore. Numerous lawsuits are expected, and the six deaths caused by the disaster add a grim layer of complications.

“You can’t just necessarily settle with one party and make it go away,” said Franziska Arnold-Dwyer, a senior lecturer in insurance law at Queen Mary University of London.

Investigators are still determining what caused such a catastrophic failure on the cargo ship, the Dali; why the massive vessel appeared to lose power and propulsion before hitting the bridge; and whether negligence was involved. The answers will have implications for who is liable for damage that may cost insurers and reinsurers up to $4 billion, according to industry experts.

“You’re looking at historic, record losses” for maritime insurers, said Sean Kevelighan, chief executive of the Insurance Information Institute, a trade group. The higher estimates could exceed the roughly $1.5 billion paid out after the Costa Concordia crisis in 2012, when 32 people were killed as the cruise ship ran aground off the Italian island of Giglio .

Losses are accumulating, with the Port of Baltimore, a top destination for car shipments , largely closed. Officials said this week that they had opened a channel around the wreckage for limited traffic. A full reopening of the port is expected in late May .

Very little is known about the owner of Grace Ocean, a Japanese businessman named Yoshimasa Abe, except that he is very wealthy.

Most of his known wealth comes from his fleet of more than 50 vessels, including container ships, bulk carriers, tankers and refrigerated cargo ships. They are owned by two Singapore-based companies, Grace Ocean Private and Argosy Pte., that Mr. Abe controls through an offshore company. VesselsValue , which compiles shipping data, estimates that those ships, including the damaged Dali, are worth a combined $2.9 billion.

Shipowners often borrow large amounts of money to buy their fleets. There is little public information about Mr. Abe’s debts, but in 2010 Grace Ocean borrowed $250 million from Mitsui & Company, a Japanese trading firm.

Mr. Abe is also the majority owner of two Chinese shipyards on islands off the coast of Ningbo, according to Sayari and WireScreen , companies that compile and analyze corporate data. Combined, the two shipyards can repair more than 200 vessels a year.

It is unusual for foreign companies to control Chinese shipyards, especially in recent years as industry consolidation in the country has favored state-owned companies, said Matthew Funaiole, who has written about Chinese shipyards for the Washington-based Center for Strategic and International Studies. “There’s really not much space for there to be foreign ownership,” he said.

Among the 68 member companies, schools and associations focused on ship repair that belong to the China Association of the National Shipbuilding Industry, a trade group, three are foreign-owned shipyards, of which Mr. Abe has a majority interest in two.

Mr. Abe did not respond to a request for an interview or answer written questions about his business. “Out of respect for the investigation and the legal process we will not be making additional public statements,” Jim Lawrence, a spokesman for the Dali’s management company and for Grace Ocean, said in an email. He confirmed earlier that Mr. Abe owned Grace Ocean Investment Limited, a company based in the British Virgin Islands that owns both Argosy Pte. and Grace Ocean Private.

If the shipowner is found liable, its insurer, a mutual association called Britannia P&I Club, will cover the first $10 million of claims, which could include coverage for loss of lives, debris removal, property damage and cargo damage. The Dali was carrying products including paper, U.S. soybeans destined for China and some hazardous materials, according to Concirrus, a marine insurance data provider, and DG Global, an agricultural exporter with goods on the ship.

Beyond $10 million, the 12 clubs including Britannia that make up the London-based International Group of P&I Clubs, which collectively insure about 90 percent of the world’s oceangoing tonnage, would share the cost of claims of up to $100 million. For claims above $100 million, dozens of reinsurers will cover costs up to roughly $3 billion.

The $3 billion figure is so widely known that it could become a target for businesses making damage claims. “There are some reinsurers expecting the worst,” said Hugo Chelton, a managing director at Howden Re, a reinsurance broker.

The global reinsurance industry ended last year with $670 billion in capital, according to Aon , an insurance broker. Though the bridge damage promises to be costly, it is not likely to be among the largest payouts reinsurers have faced recently. Hurricane Ian, which hit Florida in 2022, caused more than $50 billion in insured losses.

Sridhar Manyem, an analyst for AM Best, a ratings agency for insurers, said the potential losses from the bridge collapse did not seem large enough to do long-term damage to any insurers or reinsurers. “It should not affect their balance sheets,” he said.

While a significant share of the claims may be directed at the ship’s insurers, other businesses affected by the bridge and port closure could make claims on other policies to cover their losses, adding to the insured losses caused by the incident.

Scott Cowan, the president of International Longshoremen’s Association Local 333, the union representing Baltimore dockworkers, said on Tuesday that nearly 2,000 workers were still doing jobs at the port, like unloading cargo that arrived before the bridge collapsed.

Mr. Cowan said union leaders had asked for help from the federal and state governments. “The longer the channel’s closed and the longer we’re out, the bigger the problem is going to be,” he said. Many jobs at the port are considered daily hire jobs rather than full-time positions, so they will last only as long as work remains to be done.

Government funds for companies whose operations have been disrupted may not be fully recouped from insurers, said Oscar Seikaly, chief executive of NSI Insurance Group, an insurance broker.

In recent years, when Washington has stepped in with emergency aid after a commercial disaster, taxpayers have later largely recovered the costs, although the international scope of claims in the Baltimore bridge collapse will add complexity to the process.

Representative Dan Meuser, Republican of Pennsylvania, said he was outraged that Mr. Biden had immediately offered to use federal money to pay for the bridge’s reconstruction without considering other sources of funds, including from the owners and insurers of the Dali.

“Insurance payouts could potentially cover the entire cost of rebuilding the bridge without any taxpayer dollars being spent,” he said.

Robyn Patterson, a White House spokeswoman, said the responsible party or parties must be held accountable, but added, “We’re not waiting to get started on this critically important infrastructure project.”

Alain Delaquérière contributed research.

An earlier version of this article misstated a division of an insurance broker. It is Howden Re, not Howden.

How we handle corrections

Jenny Gross is a reporter for The Times in London covering breaking news and other topics. More about Jenny Gross

Michael Forsythe a reporter on the investigations team at The Times, based in New York. He has written extensively about, and from, China. More about Michael Forsythe

Emily Flitter writes about finance and how it impacts society. More about Emily Flitter

Peter Eavis reports on business, financial markets, the economy and companies across different sectors. More about Peter Eavis

Watch CBS News

Who owns the ship that struck the Francis Scott Key Bridge in Baltimore?

By Megan Cerullo

Edited By Anne Marie Lee

Updated on: March 26, 2024 / 5:05 PM EDT / CBS News

The collapse of  Baltimore's Francis Scott Key Bridge on Tuesday after being struck by a cargo ship has raised questions about who owns and manages the ship, as well as on the potential impact on one the busiest ports in the U.S.

Called the Dali, the 948-foot vessel that hit the bridge is managed by Synergy Marine Group, a Singapore-based company with over 660 ships under management worldwide, according to its website . The group said the ship was operated by charter vessel company Synergy Group and chartered by Danish shipping giant Maersk at the time of the incident, which sent vehicles and people tumbling into the Patapsco River.

"We are horrified by what has happened in Baltimore, and our thoughts are with all of those affected," Maersk said in a statement to CBS News on Tuesday, in which it also confirmed the ship was carrying cargo for Maersk customers. The company had no crew or personnel aboard the ship.

The Dali, which can carry up to 10,000 twenty-foot equivalent units, or TEUs, was carrying nearly 4,700 containers at the time of the collision. It was operated by a 22-person, Indian crew. It was not immediately clear what kind of cargo the ship was carrying. 

Who owns and manages the Dali?

The Dali is owned by Grace Ocean Private, a Singapore-based company that provides water transportation services. The ship was chartered by Danish container shipping company Maersk at the time of the collision.

Synergy Marine, founded in 2006, provides a range of ship management services, including managing ships' technical components and their crews and overseeing safety, according to S&P Capital IQ. Its parent company, Unity Group Holdings International, an investment holding company, was founded in 2008 and is based in Hong Kong.

Where was the ship headed?

The outbound ship had left Baltimore and was headed for Colombo, the capital of Sri Lanka, Synergy Marine Group said in a  press release . 

How busy is the Port of Baltimore?

In 2023, the Port of Baltimore handled a record 52.3 million tons of foreign cargo, worth $80 billion, according  to the office of Maryland Gov. Wes Moore. The port is also a significant provider of local jobs. 

The top port in the U.S. for sugar and gypsum imports, it is the ninth busiest U.S. port by the total volume and value of foreign cargo handled. All vessel traffic into and out of the facility is currently suspended, although the port remains open and trucks continue to be processed within its terminals, according to a statement released by Port of Baltimore officials. 

What is the potential local economic impact?

Directly, the port supports 15,300 jobs, while another 140,000 in the area are related to port activities. The jobs provide a combined $3.3 billion in personal income, according to a CBS News report . The Port of Baltimore said Tuesday that it is unclear how long ship traffic will be suspended.

The disaster also caused chaos for local drivers. The Maryland Transportation Authority said all lanes were closed in both directions on I-695, with traffic being detoured to I-95 and I-895.

How could the bridge collapse affect consumers and businesses?

Experts say the bridge collapse could cause significant supply chain disruptions.

"While Baltimore is not one of the largest U.S. East Coast ports, it still imports and exports more than 1 million containers each year, so there is the potential for this to cause significant disruption to supply chains," Emily Stausbøll, a market analyst at Xeneta, an ocean and air freight analytics platform, said in a statement. 

She added that freight services from Asia to the East Coast in the U.S. have already been hampered by drought in the Panama Canal, as well as risks related to conflict in the Red Sea. Nearby ports, including those in New York, New Jersey and Virginia, will be relied on to handle more shipments if Baltimore remains inaccessible. 

Whether ocean freight shipping rates will rise dramatically, potentially affecting consumers as retailers pass along higher costs, will depend on how much extra capacity the alternate ports can handle, Stausbøll said. "However, there is only so much port capacity available and this will leave supply chains vulnerable to any further pressure."

Marty Durbin, senior vice president of policy at the U.S. Chamber of Commerce, said that the bridge is a critical connector of "people, businesses, and communities."

"Unfortunately, its prolonged closure will likely disrupt commercial activities and supply chains that rely on the bridge and Port of Baltimore each day," he said in a statement.

What other industries could be affected?

Trucking companies could be severely affected by the disaster. 

"Aside from the obvious tragedy, this incident will have significant and long-lasting impacts on the region," American Trucking Associations spokesperson Jessica Gail said, calling Key Bridge and Baltimore's port "critical components'' of the nation's infrastructure.

Gail noted that 1.3 million trucks cross the bridge every year — 3,600 a day. Trucks that carry hazardous materials will now have to make 30 miles of detours around Baltimore because they are prohibited from using the city's tunnels, she said, adding to delays and increasing fuel costs.

"Time-wise, it's going to hurt us a lot," added Russell Brehm, the terminal manager in Baltimore for Lee Transport, which trucks hazardous materials such as petroleum products and chemicals. The loss of the bridge will double to two hours the time it takes Lee to get loads from its terminal in Baltimore's Curtis Bay to the BJ's gasoline station in the waterfront neighborhood of Canton, he estimated.

Cruise operators are also being affected. A Carnival cruise ship that set off Sunday for the Bahamas had been scheduled to return to Baltimore on March 31. Carnival said Tuesday that it is "currently evaluating options for Carnival Legend's scheduled return on Sunday." The company also has cruises scheduled to set sail from Baltimore through the summer. 

Norwegian Cruise Line last year introduced new routes departing from the Port of Baltimore. Its sailings are scheduled for late this year. The company said the Key Bridge collapse doesn't immediately require it to reroute any ships.

Who will pay to rebuild the bridge?

President Biden said Tuesday that the federal government, with congressional support, would pay to rebuild the bridge.

"We're going to work with our partners in Congress to make sure the state gets the support it needs. It's my intention that the federal government will pay for the entire cost of reconstructing that bridge," Biden said in comments from the White House. "And I expect the Congress to support my effort. This is going to take some time. The people of Baltimore can count on us though, to stick with them, at every step of the way, till the port is reopened and the bridge is rebuilt."

—The Associated Press contributed to this report.

• Francis Scott Key Bridge
• Bridge Collapse
• Patapsco River

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News Streaming to discuss her reporting.

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Costa Coffee to expand across Russia

Source: Vitaly Belousov / TASS

One of England's favourite coffee shops is aiming to further tap the Russian market, six years after it opened its first outlet in Moscow.

British Company Whitbread, which owns Costa Coffee, has announced that its Russian partner Rosinter Restaurants is to open outlets for the brand across Russia under sub-franchise agreements. Sub-franchisees will need for fork out between five and 13 million roubles for each Costa Coffee shop they open.

Franchisees force Subway to slash prices on PepsiCo drinks

Rosinter president Sergei Zaitsev told Kommersant that Rosinter and Whitbread have agreed terms for marketing sub-franchises to open Costa Coffee locations throughout Russia. Partners who make an agreement will be required to open at least three Costa Coffee locations in formats including free-standing stores, food courts, filling station kiosks and other locations, Zaitsev said. He did not specify the period within which the outlets must be opened

Companies and individuals taking on the brand will need to make a lump sum payment of £10,000 compared to the 28,500 euro (£22,500) one-off charge made by Austrian competitor Coffeeshop to open an unlimited number of outlets, according to Franshiza.ru’s Anna Rozhdestvenskaya.

Russia’s first Costa Coffee opened in Moscow in 2008. Now there are 30 locations, 22 of which are in the capital and Moscow region.

According to Infoline Analysts, Moscow city and region's coffee shop market is worth $2 billion, although overall the popularity of such cafes in Russia is declining. Analysts, Synovate Comcon, say that in January-June 2014 coffee shops ranked fourth among types of catering establishments visited by the Russian public, with 15.4 percent of the population using them. That compares to figures from the end of 2013, when 18 percent of consumers cited a preference for the restaurants. However, Rozhdestvenaya said that demand for coffee houses in the regions remains strong. Major market participants other than Shokoladnitsa (with 420 locations) and Cofee House (with 226 stores), include Coffeeshop (82), Starbucks (around 75), and Koffein (more than 30).  

An abridged version of this article can be found at Kommersant   

Read more: The best English pubs in Moscow

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Equipped with ice-breaking technology, these huge fancy yachts are the only river cruisers running all year around. The round trip journey takes two and a half hours and floats past all the big sights like the White House, Novodevichy monastery and the Kremlin. There’s a large open air observation deck up top, while the main body of the ship houses a restaurant with a dance floor for a romantic post dinner dance. For a particularly romantic experience take one of the evening boats and admire the bright lights of the city skyline at night.

The most relaxing and picturesque tour that Moscow can offer: a great way to see the city center and its main attractions. This is a perfect alternative to exploring the city by car, if you only have time to do sightseeing during weekday rush hours.

Your English-speaking guide is eager to share every bit of their knowledge about the surrounding landscape, the architecture and historical details.

We conduct Moscow river tour on Radisson Flotilla boats all year around!  It’s warm inside during winter months, while there’s air conditioning during hot summer days. You may also treat yourself to drinks, lunch or dinner on board (drinks and food are not included in tour price).

The cost of an excursion with a personal guide for 1 person

Quay at Radisson Collection Hotel

Government Headquarters ("the White House")

Kievsky Railway Central

Novodevichy Convent

Luzhniki Stadium

Academy of Sciences

Monument to Peter I

Cathedral of Christ the Saviour

Moscow Kremlin

St.Basil's Cathedral

Novospassky Monastery

U-turn and back to Quay at Radisson Royal Hotel

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