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Costa Classica, The Costa Cruises' Ship At The Santorini Island, Cyclades, Greek. Costa Cruises Is A British-American Owned Italian Cruise Line, Based In Genoa, Italy. Founded In 1924, The Company Originally Operated Cargo Ships, Until The Introduction Of Passenger Services In 1947, With Regular Services Between Italy And South America. The Company Later Converted Its Entire Fleet To Full Time Cruising, And As An Independent Company Became One Of The Largest Cruise Operators In Europe. Acquired By Carnival Corporation In 2000, Costa Cruises Is Now One Of Eleven Brands Operated By Carnival Corporation & Plc.