Shipping lines already struggling against eurozone crisis and global economic slowdown, warn experts.
The captain appeared to be evasive to the orders of port officials to supervise the rescue efforts, according to the transcripts.
Latest pictures from inside sunk cruise ship come as black box recordings reveal that Captain Francesco Schettino ignored repeated requests to return to the ship.
It is said that there has been ill omens ever since Costa Concordia was launched almost six years ago.
Up to 41 people are still believed to be missing in the tragedy that struck the luxury cruise late on Friday night.
Francesco Schettino, the ship's captain, was arrested on Saturday night and is being questioned by the magistrates, Reuters has reported quoting the Italian police.
Italian coast guard officials on Saturday morning confirmed three deaths in the Costa Concordia cruise-ship tragedy that occurred on Friday night. Earlier, Italian media had reported eight deaths. Passengers were having dinner when the 290-meter (950-foot) vessel ran aground.
Eight people are dead and more than 30 injured as the result of a cruise ship with more than 4,000 aboard running aground near Italy after hitting a reef near the Isola del Giglio on Friday night, Italian media reported.
The passengers include pregnant women, children and elderly people.
London has been named the top city in the world to visit next year in the seventh annual ‘Lonely Planet Best in Travel guide.
A polar bear killed one member of a British tour group and injured four others in Norway.
