Costa Concordia Update

Carnival Group has announced a comprehensive audit and review of all safety and emergency response procedures across all of brands to identify lessons learned and best practices “to further ensure the safety of all of passengers and crew”.

Meanwhile, the IMO said this week that it is “the right international body to deal with safety of passenger ships and, in particular, a safety review after the Costa Concordia accident” To this end, meetings will take place with Cruise Lines International Association (CLIA) to discuss the safety of passengerships in general and, in particular, any findings and recommendations from its own, internal, review of current practices and safety procedures.

The IMO Secretary General has also requested the Italian administration to carry out its investigation into the casualty and to report its findings to the IMO as soon as possible.

In a statement released this week Royal Caribbean Chairman and CEO Richard Fain said the cruise industry had an extraordinary record of safe operation. “This tragic incident is a reminder that there is no such thing as perfect safety, only perfect dedication to safety.” Unfortunately, the cruise lines are reporting a downturn in reservations for the 2012 season, particularly in the Mediterranean, at a time when bunker prices are already putting margins under strain.

Please see the link for an explanation of the technology employed for removal of oil from the vessel’s bunker tanks http://www.bbc.co.uk/news/world-europe-16777030

Smit has also set up an information website http://www.smit.com/sitefactor/page.asp?pageid=1546

The Italian authorities finally called off the search for remaining bodies this week given the increasingly dangerous conditions as they searched deeper within the vessel. The Carnival Group is currently undertaking a vessel damage assessment to determine whether Costa Concordia can be repaired and what the total cost would be. Even if she is repairable, she would be out of service for at least a year.