The grounding of Carnival's (CCL) Costa Concordia cruise ship off the Italian coast comes at the...

|About: Carnival Corporation (CCL)|By:, SA News Editor

The grounding of Carnival's (CCL) Costa Concordia cruise ship off the Italian coast comes at the start of the "wave season," when around 30% of cruises are booked. The company will lose money on future Concordia voyages, with the firm not having insurance that covers lost revenue or earnings from its ships or other ops.