<P> During the fuel removal operation, Smit reported that the ship had shifted 60 cm (24 in) in the three weeks since her grounding, but that there was no immediate prospect of her breaking up or sinking deeper . Removal of the fuel from the various fuel tanks distributed throughout the ship was completed in March 2012, later than Smit's initial estimates . This cleared the way to arrange for the ultimate salvaging and scrapping of the ship . </P> <P> On 17 September 2013, Costa Concordia was brought to a vertical position through a parbuckling procedure . The cost for salvaging the ship increased to $799 million . In addition, the ship had suffered severe hull deformations in two places . Titan Salvage, the company directing the salvage operations, estimated that the next phase of the salvage operation would be completed by early - to - mid-2014 . After this "floating" operation, the ship would be towed to a salvage yard on the Italian mainland for scrapping or "breaking". </P> <P> On 14 July 2014, work commenced to refloat Costa Concordia in preparation for towing . At this point, the costs had risen to € 1 billion . Including tow cost, € 100 million for the ship to be broken up for scrap and the cost of repairing damage to Giglio island, the estimated final cost was expected to be € 1.5 billion ($2 billion). On 23 July, having been refloated, the ship commenced its final journey under tow at a speed of 2 knots (4 km / h; 2 mph), with a 14 - ship escort, to be scrapped in Genoa . It arrived at port on 27 July, after a four - day journey . It was moored to a seawall at the port, awaiting dismantling processes . </P> <P> On 11 May 2015, following initial dismantling, but still kept afloat by the salvage sponsons, the hull was towed 10 miles (16 km) to the Superbacino dock in Genoa for removal of the upper decks . The last of the sponsons were removed in August 2016 and the hull was taken in to a drydock on 1 September for final dismantling . Scrapping of the ship was completed in July 2017 . </P>

How much does it cost to raise the costa concordia