TUI Cruises to Expand Fleet with New Ship

By ,   February 12, 2018 ,   Cruise Industry

TUI Cruises is ordering a new ship to expand its fleet to 7 vessels from 2023, according to a TUI spokesman who confirmed a newspaper report.

German daily FAZ (Frankfurter Allgemeine Zeitung) reported that the cruise company would order an additional ship from Finnish shipbuilder Meyer Turku for about EUR 500 million (US$614 million).

The TUI spokesman added the purchase would be financed in a similar way as previous orders, with around 80% debt-financed and 20% covered by its own funds.

The newbuild will be about the same size as a couple of ships TUI already has on order. Those are due to be delivered in 2018 and 2019 and each will have capacity of about 2,900 guests.

Mein Schiff 2 cruise ship

Those two liners will replace smaller ships in the existing fleet of TUI Cruises, though FAZ said the line could hold off retiring Mein Schiff 2 to keep up with rising cruise demand.