Various news repots have stated that Costa Concordia has run aground of italy and is now taking on water.
passengers have been succesfully evacuated from the ship and a rescue mission is underway by the italian coastgaurd.
Will post when I either an english news report or more infomation.
JUST IN!
http://www.dailymail.co.uk/news/article-2086527/Cost-Concordia-Massive-evacuation-underway-cruise-ship-starts-sinking-Italian-coast.html?ito=feeds-newsxml
http://www.google.com/hostednews/afp/article/ALeqM5jpjNS4_4QUyem62wQ8R8hTRqbeuw?docId=CNG.0a48dca029ea3800c6e534eab94e8d0d.c41
http://www.bbc.co.uk/news/world-europe-16560050
http://www.dailymail.co.uk/news/article-2086527/Costa-Concordia-accident-Pictures-cruise-ship-sinking-coast-Italy-Titanic-like-scene.html
Reports now state that the vessel encoutered a "Major electrical fault" apporx 2 hours after leaving port. The ship is now listing heavily to one side, and the coastgaurd is bracing to recive the people in boats, all 4000+ of them
Edit 2
The italian coastgaurd have said that there is NO danger of the vessel sinking, and that the evacuation is wrapping up
Edit 3
Her list appears to be Worsening, it is now at 20 degrees. However, officals still state that there is no danger of her sinking. I have also been informed that 2 lives have been lost. a 70 year old man, and a unknown person who jumped overboard.
Edit 4
There are now a confirmed 6 (six) people dead, a further 200 remain aboard. the vessel is now reported to have struck a reef. Several people have been reported injured, 2 seriously.
Edit 5
The death toll has been revised to 3, however, the concordia is now lying at nearly 90 degrees to stbd. There is a possiblity she may be declared a "constructive total loss".
Edit 6
There are now 50 people currently listed as missing...