Concordia Salvage Bid Underway - Presented by: The Aol. On Network

The complex and ground-breaking operation to refloat the cruise ship Costa Concordia off the coast of the Italian island of Giglio got underway at 0400GMT on Monday (September 16). The 114, 000 tonne ship is being hauled upright using a process known as parbuckling. Divers have pumped 18, 000 tonnes of cement into bags below the wreck to support it and stop it breaking up during the operation. It's part of a salvage operation estimated to cost at least $300 million.



Related Videos

Most Popular Videos

Latest Videos


Most Active by Volume

Company Last Sale Change Net / %
BAC $ 17.98 0.05 ▲ 0.28%
GILD $ 91.29 1.84 ▲ 2.06%
RAD $ 7.26 0.09 ▼ 1.22%
ARCP $ 8.33 unch
S $ 4.19 0.05 ▼ 1.18%
GE $ 25.83 0.05 ▼ 0.19%
PBR $ 7.60 0.11 ▼ 1.43%
AAPL $ 112.01 0.53 ▼ 0.47%

As of 12/24/2014, 02:12 PM
More Most Active

Latest News Headlines

View All