Cruise ship owner warns of £60m hit to business

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Cruise ship owner warns of £60m hit to business

Carnival, owner of the Costa Concordia, says that loss of use alone will have a £60m impact on 2012 earnings, and says it anticipates further costs relating to the Italian disasterCarnival Corp, the owner of the cruise ship that capsized off Italy’s west coast, said on Monday it estimated that loss of use alone would mean a $90m (£60m) hit to 2012 earnings. The group, which said it was providing the information due to financial disclosure rules, said it also anticipated further costs to the business that it could not yet determine after the Costa Concordia hit rocks close to the island of Giglio.