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Triumph's Impact on Cruise Industry

Friday, 15 Feb 2013 | 7:37 AM ET

Mauricio Garrido, president, T&T Salvage, says cruise ship accidents happen and will continue to happen as long as humans are involved. The key, he says, is to have an effective response system in place -- he believes Carnival did just that. CNBC's Simon Hobbs weighs in on what it means for the stocks and the cruise industry.