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  #1  
Old January 15th, 2012, 04:43 PM
coolsky1994 coolsky1994 is offline
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Default What is the future of the Concordia??

Just wanted to post this topic to hear everybodys thoughts on how they believe the Concordia will be recoverd. If it isnt, what might happen to her???
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Last edited by coolsky1994; January 15th, 2012 at 04:43 PM.

  #2  
Old January 15th, 2012, 04:45 PM
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Already saw a news post about a company being contracted to empty the fuel, then re-float the ship so that it could be dismantled.
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  #3  
Old January 15th, 2012, 05:17 PM
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Repaired, sold, rename.
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  #4  
Old January 15th, 2012, 05:20 PM
Karen_N Karen_N is offline
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Default Scrapped

This news article states it will have to be scrapped...

http://www.thesun.co.uk/sol/homepage...Concordia.html
This is part of the article......
For the time being the ship is embedded on the rock shelf and we are able to assist in the searching.

"The problem is that if the weather turns then the swell could rise and it could break the ship free and if that happens it will slip down the shelf and to the bottom of the sea.
That's why we need to work as quickly as we can to make sure everyone is accounted for and their are no other trapped survivors

Salvage experts say the Concordia was so badly damage it cannot be salvaged and will have to be torn up and taken away on barges to be scrapped.

ONLY TIME WILL TELL

Last edited by Karen_N; January 15th, 2012 at 05:20 PM.
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  #5  
Old January 15th, 2012, 05:21 PM
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I'm no expert but if it can be repaired I'd expect that would be the first option, lot cheaper to repair and refurb than to build a new billion dollar ship.

Quote:
Originally Posted by coolsky1994 View Post
Just wanted to post this topic to hear everybodys thoughts on how they believe the Concordia will be recoverd. If it isnt, what might happen to her???
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  #6  
Old January 15th, 2012, 05:24 PM
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Quote:
Originally Posted by chipmaster View Post
I'm no expert but if it can be repaired I'd expect that would be the first option, lot cheaper to repair and refurb than to build a new billion dollar ship.
It all depends upon what Costa's insurance company wants to do with it. It's their problem now. News articles have already suggested it would be cheaper to break it up.
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  #7  
Old January 15th, 2012, 05:28 PM
littlesteelo littlesteelo is offline
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Quote:
Originally Posted by Karen_N View Post
This news article states it will have to be scrapped...

http://www.thesun.co.uk/sol/homepage...Concordia.html
This is part of the article......
For the time being the ship is embedded on the rock shelf and we are able to assist in the searching.

"The problem is that if the weather turns then the swell could rise and it could break the ship free and if that happens it will slip down the shelf and to the bottom of the sea.
That's why we need to work as quickly as we can to make sure everyone is accounted for and their are no other trapped survivors

Salvage experts say the Concordia was so badly damage it cannot be salvaged and will have to be torn up and taken away on barges to be scrapped.

ONLY TIME WILL TELL
Ignore The Sun. It is a notorious tabloid in the UK historically well known for its compulsive lying and false facts when reporting. I wouldn't touch it with a barge pole when looking for facts.
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Last edited by littlesteelo; January 15th, 2012 at 05:28 PM.
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  #8  
Old January 15th, 2012, 05:29 PM
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IMHO the ship will be forced into deeper water by the power of the waves and will end up with maybe a little bit of the hull showing above water . Or the sea will bury it where it is in sand . Salvage operation to remove it will be a monumental task and maybe the best they will achieve is to sink it in deeper water and turn it into a reef.
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  #9  
Old January 15th, 2012, 05:34 PM
littlesteelo littlesteelo is offline
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Quote:
Originally Posted by FrankNJ View Post
IMHO the ship will be forced into deeper water by the power of the waves and will end up with maybe a little bit of the hull showing above water . Or the sea will bury it where it is in sand . Salvage operation to remove it will be a monumental task and maybe the best they will achieve is to sink it in deeper water and turn it into a reef.
It can't stay underwater in it's current state. Even when they purposely scuttle ships they remove all materials/machinery inside. It will likely have fuel removed, be refloated and then they will decide whether to repair it or to scrap it. It is perfectly salvageable. Whether it is worth repairing or not is another question. The engines and machinery are likely ruined by the salt water.
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  #10  
Old January 15th, 2012, 05:46 PM
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Salt water has ruined any electrical or mechanical systems. A repair and refurb, would involve taking most everything right down to the steel hull. It seems that the steel would be worth something.

But as someone else said, it is up to the insurance company, and they will choose the least costly option.

I am interested to see what actually happens.

It is so surreal seeing such a large ship, such a new ship, in that condition. I must say, I am fascinated by this aspect of the accident.
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  #11  
Old January 15th, 2012, 06:49 PM
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Quote:
Originally Posted by gentlemancruiser View Post
It all depends upon what Costa's insurance company wants to do with it. It's their problem now. News articles have already suggested it would be cheaper to break it up.
Cheaper than what?

It would be cheaper to break it up than repair it.

Cheaper to break it up than build a new ship? I doubt it -as it currently sits anyways, if their worst fears come true and bad weather causes it to slip off of the shelf it's on, then who knows.
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  #12  
Old January 16th, 2012, 02:21 AM
coolsky1994 coolsky1994 is offline
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Interseting to see what everybodys thoughts were. Well see what happens.
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  #13  
Old January 16th, 2012, 02:25 AM
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I've been highly curious as to the fate but I dont think we will know anything until the remaining passengers/crew have been found
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  #14  
Old January 16th, 2012, 02:30 AM
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The ships gone for good. There is zero chances of getting that ship back into service even if it could be refloated. The water has ruined all the electrical cables and engines. It would be more than just putting new engines in it as the entire ship would have to be stripped of absolutely everything. Costa Concordia has gone for good.
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  #15  
Old January 16th, 2012, 06:33 AM
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Quote:
Originally Posted by Sutho View Post
The ships gone for good. There is zero chances of getting that ship back into service even if it could be refloated. The water has ruined all the electrical cables and engines. It would be more than just putting new engines in it as the entire ship would have to be stripped of absolutely everything. Costa Concordia has gone for good.
Dont't be so sure

"The owner of stricken cruise liner Costa Concordia today said the loss of the ship would wipe up to £62 million from its profits this year.
Carnival, which owns Costa Cruises, said the grounded vessel would be out of service until at the least the end of its financial year to November 30.
However, Carnival, which is listed on the London and New York stock exchanges, said it was insured to the tune of £21million for the vessel."

From: http://www.dailymail.co.uk/news/arti...=feeds-newsxml
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  #16  
Old January 16th, 2012, 06:42 AM
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Ignore the Daily Mail. It is a notorious tabloid in the UK historically well known for its compulsive lying and false facts when reporting. I wouldn't touch it with a barge pole when looking for facts.
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  #17  
Old January 16th, 2012, 06:51 AM
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I think a lot depends on if there is any damage to the hidden Starboard side. If not then steel plating welded over the port hole, remove the fuel/oil (which will lighten the ship), no oil slick so looks like tanks are all intact.

No beyond salvagable especially if only insured for £21M versus cost of £300M+ to build a new one. But chances are if refloated to a dry dock, gutted and then sold to far East..

If she is on a shelf then tugs pulling her out at high tide with some of the water pumped out and the hole sealed could see her refloat!
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  #18  
Old January 16th, 2012, 07:27 AM
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I believe the £21 million is the deductible, not the insured value.
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  #19  
Old January 16th, 2012, 07:45 AM
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Press release today from Carnival Corporation's website:

Carnival Corporation & plc Required Announcement on Financial Impact of Costa Concordia
MIAMI (January 16, 2012) -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today commented on the financial impact resulting from the grounding of the Costa Concordia.
“At this time, our priority is the safety of our passengers and crew,” said Micky Arison, Carnival Corporation & plc chairman and CEO. “We are deeply saddened by this tragic event and our hearts go out to everyone affected by the grounding of the Costa Concordia and especially to the families and loved ones of those who lost their lives. They will remain in our thoughts and prayers,” Arison said.

In accordance with financial disclosure requirements, the company provides the following information:

The company has insurance coverage for damage to the vessel with a deductible of approximately $30 million as well as insurance for third party personal injury liability subject to an additional deductible of approximately $10 million for this incident. The company self-insures for loss of use of the vessel.

A damage assessment review of the vessel is currently being undertaken to determine how long it will be out of service. 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 to 2012 earnings for loss of use is expected to be approximately $85-$95 million or $0.11-$0.12 per share. In addition, the company anticipates other costs to the business that are not possible to determine at this time.
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Old January 16th, 2012, 08:03 AM
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With floating Barges that can lift many Thousands of Tons do not be suprised if Concordia is patched up, pumped out and taken back to the Dry Dock at Monfalcone! where the damaged part of the ship could be cut off ..ie from the sart of the damage to the Aft ... that part floated out of the dock and a New replacement built complete with Engines etc.

After all at least 1/3 of the ship above where the water is now will likely have little damage.
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