When Crystal Cruises Inc. last came to San Francisco in 2005, the industry was booming. Eighty-four ships carrying more than 200,000 passengers, a record at the time, passed under the Golden Gate Bridge. Even more visitors arrived by ship the following year.
Carnival Corp. dropped the most since September 2001 after the cruise company’s worst accident, as Chief Executive Officer Micky Arison oversees the response from Miami, 5,000 miles (8,000 kilometers) from the Italian site.
Carnival Corp. fell the most in more than 11 years in London trading after saying the grounding of the Costa Concordia off Italy’s Tuscan Coast that killed at least six people will cost the company as much as $95 million.
The confirmed death toll from the capsizing of Carnival Corp.’s Costa Concordia off Italy’s Tuscan coast rose to five today as rescuers continued to search for 15 people still missing. Three people were found alive in the capsized cruise liner.
The captain of a Carnival Corp. cruise liner ordered the ship off its programmed route, an “error” that caused it to hit rocks off Italy’s coast in an accident that killed at least six people, the chairman of the cruise ship’s operator said.
Carnival Corp. , the world’s biggest cruise-line operator, reduced its fiscal 2011 earnings forecast because of higher fuel prices and itinerary changes stemming from unrest in the Middle East and North Africa.