Click here to watch The Sydney Morning Herald's live stream of salvage workers attempting to lift the Costa Concordia cruise ship off its side today. The ship has been sitting in the waters off the Italian island of Giglio since it hit rocks on the coast in January 2012, claiming 32 lives.

A multinational team of 500 has occupied the island for most of the past year, stabilising the hulk and preparing for the start of the lifting work. The crew is attaching a series of cables and hydraulic machines that will pull the hulk from above and below and slowly twisting it upright. Engineers say they are confident the 12-hour parbuckling project will work but there is no 100 percent guarantee that nothing will go wrong. The 951-foot-long Costa Concordia is estimated to weigh 54,000 tons.

For the latest on the Costa Concordia salvage progress, see: Engineers Start Costa Concordia Salvage off Italian Island

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