Buoyant

Cruise industry rebounding from ship accident, woes in Europe

Published Sep 21, 2012 at 10:00 am (Updated Sep 21, 2012)

(From The Los Angeles Times) With a wrecked cruise ship still half submerged off the coast of Italy and Europe mired in economic troubles, the world's cruise line industry has been navigating turbulent waters.

Industry leaders and analysts say the $37-billion industry is slowly rebounding from the crash of the Costa Concordia on rocks near the Tuscan island of Giglio in January and Europe's economic woes.

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