An American-owned specialist marine salvage and wreck removal company Titan Salvage alongside with Italian firm Micoperi have been awarded a Costa Concordia wreck removal contract in April. Together they presented a plan to refloat and tow away the cruise ship to one of the Italian ports where she will likely be scrapped. According to Carnival Cruise the salvage plan is the world’s biggest and most complex ship salvage operation and it will cost at least 400 million euros ($525 million).