Cruise Costa Favolosa delivered By Donna Tunney / June 30, 2011 Share 1 -- Costa Cruises took delivery of the Costa Favolosa on Thursday at Fincantieri's Marghera shipyard in Venice. The total cost of the 114,500-ton ship was about $740 million. The naming ceremony will take place July 2 in the Piazza Unita d'Italia in Trieste, Italy. "For us, the delivery of the Costa Favolosa is a two-fold source of pride," said Pier Luigi Foschi, chairman and CEO of Costa Crociere. "She's a wonderful ship, a real contemporary enchanted castle, with incredible technological features where our guests will experience a fairy-tale holiday. But it also confirms the soundness of our company." The Favolosa is the eighth of nine ships that Costa has ordered from Fincantieri. The next ship to enter service will be the Fascinosa, to be delivered in spring 2012. The Favolosa will sail a three-day preview cruise departing from Venice on July 4, with calls at Dubrovnik, Croatia; and Koper, Slovenia. An 11-day inaugural cruise departs from Venice on July 7 and calls at Bari, Italy; Izmir and Istanbul, Turkey; Mykonos, Piraeus and Olympia, Greece; and Dubrovnik. For the 2011 summer season, the Favolosa will sail seven-day cruises from Venice and Bari to Olympia, Izmir, Istanbul and Dubrovnik before repositioning to Dubai for a series of winter cruises.