As of 2026, the Costa Concordia no longer exists and is not in the water. Following its tragic grounding and partial sinking off the coast of Isola del Giglio, Italy, in January 2012, one of the most complex and expensive maritime salvage operations in history was undertaken. In September 2013, the ship was successfully "righted" in a process known as parbuckling. In July 2014, the vessel was refloated using massive metal tanks (sponsons) and towed to the Port of Genoa on the Italian mainland. The subsequent dismantling and scrapping process was an immense industrial feat that took nearly three years to complete. By July 2017, the final sections of the hull were broken down for scrap metal, and the site where it once lay has since undergone extensive environmental remediation to restore the seabed. The $2 billion salvage and scrapping cost—nearly triple the ship's original construction price—marked the end of the vessel's physical presence. Today, only memorials and the historical record of the 32 lives lost remain, as the ship itself has been entirely recycled into industrial steel.