operation of a passenger ship ever. 500 people spent 19 hours raising the ship. that's a fraction of the number of people who will actually have to salvage it. but the process required massive metal platforms, pulleys, 1,000 bags of cement, 20,000 tons of group. all toll, the concordia is expected to cost the insurance industry, who's paying for it, of course the industry will try to pass that along to you in the form of higher ticket fees whenever they can, it's costing the insurers $1 billion making it the biggest ever shipping loss for the industry. that brings me to tonight's number, $43 million. that's the estimated value of the costa concordia as scrap. so today we reached out to upstate shredding. they used current market prices to calculate the figure for a nearly 1,000-foot-long, 114,000 ton vessel has has enough steel to build a full-size replica of the eiffel tower. what's that forth you take the pieces of steel and corroded metal. $42 million some of you might