'Costa Concordia's' Israel connections

Costa Cruises, is a subsidiary of Carnival Corporation, whose CEO and chairman is the Israeli-born businessman.

By NADAV SHEMER
January 15, 2012 21:23
1 minute read.
The Costa Concordia cruise ship

The Costa Concordia cruise ship 311 (R). (photo credit: REUTERS/ Max Rossi)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The Italian cruise ship that ran aground Friday night has an Israeli connection – its operator, Costa Cruises, is a subsidiary of Carnival Corporation & plc, whose CEO and chairman is Micky Arison.

“Tonight our thoughts and prayers are with the passengers and crew of the Costa Concordia,” Arison tweeted shortly after the accident.

RELATED:
Two more bodies found on Italy ship, 3 rescued
3 die after huge Italian cruise ship runs aground
Italy's 'Titanic': Photos from the disaster


Be the first to know - Join our Facebook page.


Carnival Corporation also offered its sympathies and heartfelt condolences for the terrible tragedy, and said it was committing its full resources to ensure all guests and crew were looked after.

Seven Israelis, including three couples and one young girl, who were aboard the ship, were not injured, the Foreign Ministry said Friday.

Tel Aviv-born Arison, 62, is the son of late Carnival Corporation founder Ted Arison and older brother of Bank Hapoalim owner and Israel’s richest woman Shari Arison.

He became CEO of Carnival Corporation in 1979, and chairman of its board of directors in 1990.

Carnival went public in 1987, raising $400 million for expansion, which led to key acquisitions including the historic Holland America Line. In 2003, Arison led the transaction that combined Carnival’s six cruise operators with P&O Princess Cruises to create the world’s largest cruise ship operator.



Arison lives in Miami, where Carnival Corporation is listed, and appears at number 169 on Forbes list of the world’s richest people, with an estimate wealth of $5.9 billion. In addition to his shipping activities, Arison also owns the National Basketball Association’s Miami Heat.

Related Content

Which party makes the most use of the parliamentary tools available (August 14, 2018).
August 14, 2018
Which party's MK's are most active in Knesset?

By JPOST.COM STAFF