TUI Cruises

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TUI Cruises fleet

Review of TUI Cruises

TUI Cruises is a Joint venture company between TUI AG (Germany), and Royal Caribbean Cruises Ltd. (US corporation). The company is based in Hamburg and was founded in 2008, starting operations in 2009. On April 22, 2018, TUI cruise line celebrated its 10th anniversary. In 2018, fleet's capacity was 14,784 berths, serving over 0,5 million passengers annually. By year 2024, TUI Cruises will have annual capacity around 800,000 passengers - compared to 2018 (500,000), 2018 (550,000) and 2019 (650,000, berths 17,500),

TUI Cruises logo

During company's 10 years of service (2008-2018), the six Mein Schiffs handled around 2,2 million passengers, visited over 200 seaports and covered around 2,9 million km (1,8 million ml). TUI's sister-brand is Marella Cruises (UK source market).

In 2015-2016, TUI Group had turnover of EUR 17,8 billion (company's record) and operating result of EUR 1 billion.

  • Corporation's portfolio consisted of 14 vessels (TUI, Thomson and Hapag-Lloyd brands), several large tour operators, around 1600 travel agencies (including online portals), over 300 hotels (around 214,000 beds) and 6 airlines (over 150 aircraft).
  • The list of TUI-owned airlines includes Corsair International (France), TUI Airways (UK), TUI fly Belgium, TUI fly Deutschland, TUI fly Netherlands, and TUI fly Nordic (departures from Sweden, Denmark, Finland, Norway).
  • In FY2016 (fiscal year 2016), TUI Cruises had 60% growth (over FY2015) in earnings, with EBITA of EUR 130 million (EUR 81 million in FY2015). The reported growth came from corporation's two main markets - Germany and UK.

TUI Cruises started operations by acquiring Celebrity Galaxy (owned by Celebrity Cruises - another RCCL subsidiary). The ship left Celebrity's fleet on March 16, 2009. After buying Celebrity Galaxy, the vessel was refitted at Lloyd Werft shipyard (Bremerhaven, Germany) arriving on March 27 for a 38-days, EUR 50 million conversion. Galaxy was re-christened on May 15 in Hamburg and renamed "Mein Schiff" (meaning "My Ship" in Deutsch). TUI planned to build two 100,000 GT, 2,500-passenger ships in 2011 and 2012.

  • On May 27, 2010 was revealed that Celebrity Mercury joins TUI fleet as Mein Schiff 2 (now Marella Explorer 2). Before the refit, "MS Mein Schiff" was renamed to Mein Schiff 1 (now Marella Explorer). Schiff 2 entered service in February 2011 after an extensive drydock refit and refurbishment.
  • On September 27, 2011, TUI and STX Finland announced shipbuilding contract for a 97,000 GT vessel (Mein Schiff 3) with delivery in 2014. The vessel is 968 ft (295 m) long, with 1250 staterooms (most of which balconied) and capacity 2500 passengers and 1000 crew. The contract included optional second ship, that was ordered on November 5, 2012 (Mein Schiff 4). Schiff 3 entered service on April 22, 2014. 
  • In March 2015, RCI (Royal Caribbean International) announced selling Splendour of the Seas to TUI Cruises in 2016-Q2. TUI leased the vessel to Thomson UK (now Marella Cruises) replacing MS Island Escape (now Ocean Gala). 
  • In May 2015 TUI Group announced that as part of fleet modernization strategy, Schiff 1 and 2 will be transferred to Thomson / Marella over the next few years to upgrade group's UK fleet.

The Hannover travel group TUI AG (listed at London Stock Exchange) keeps an upbeat outlook of cruise shipping activities. The company owns 100% of Hapag-Lloyd Kreuzfahrten and 50% of TUI Kreuzfahrten.

In August 2015 TUI announced EBITA growth (Q3) by EUR 11 million, which reflected the full-year profit of Schiff 3 (operated since June 2014) and the launch of Schiff 4 (June 2015). In addition, Hapag-Lloyd's remarkable turnaround and EUR 4 million benefit from refinancing ms Europa 2 meant that TUI had EUR 21 million increase in underlying EBITA (earnings before interest, taxes and amortization).

TUI Mein Schiff cruise ship

  • In May 2015, TUI AG Supervisory Board and the Board of RCCL / Royal Caribbean confirmed the purchase options for Schiff 7 and Schiff 8 (later renamed to Schiff 1 and Schiff 2, delivered respectively in 2018 and 2019), as the German market reported further growth. 
  • The new liners are slightly larger, offering 2860 lower berths each. Both vessels were built by Meyer Turku Finland. The deal was fully financed within TUI Cruises (Joint Venture) - without further contribution from TUI AG and RCCL.
  • Mein Schiff 5 was launched on January 15, 2016, after 14-month construction period.
  • In late July 2018, TUI ordered 2 new ships (GT tonnate 161,000 tons / 4,000 passengers each) - this time from the Italian shipbuilder Fincantieri. Their scheduled deliveries are in 2024 (Schiff 8) and 2026 (Schiff 9). TUI's "Italian" liners are LNG-powered.
  • Around 1500 employees are involved in the construction of each Mein Schiff vessel.

TUI Mein Schiff cruise ship

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