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Carnival Corp & plc expects loss from Costa Marina sale

Carnival Corp & plc, the world’s largest cruise shipping group, expects that it cannot sell Costa Crociere’s Costa Marina at or above book value, but rather sees a loss of $0.02 per share from the disposal of the vessel.

The 25,441 gross ton Costa Marina had been built as a Swedish containership in the 1970s and it was rebuilt as a cruise liner in Italy in 1990 at a cost of $130 million.

Costa Marina, which has 772 lower berths, will leave the fleet in November 2011. “In the third quarter of 2011, the company will record a loss on the sale of approximately $0.02 per share,” Carnival said in a statement.

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