TUI to Build New Hapag-Lloyd Cruise Ship

By ,   May 10, 2018 ,   Cruise Industry

TUI Group approved construction of a 3rd Hanseatic-class newbuild for Hapag-Lloyd Cruises, scheduled for delivery in 2021.

In its half-year results TUI reported narrower operating loss of EUR 125 million for the quarter and confirmed target for full-year underlying earnings before interest, tax and amortisation (Ebita) to rise by at least 10 per cent at constant currencies.

For the period from October 1, 2017 through March 31, 2018 the group increased its turnover by 7.2 per cent to EUR 6.81 billion.

On constant currency basis, TUI posted growth of 8.5 per cent to EUR 6.89 billion.

Hapag-Lloyd Cruises ship

Apart from the foreign exchange translation impact along with Easter falling earlier this year, TUI incurred costs in the wake of insolvency of Niki airline as well as recorded gains on disposal from Riu hotels' sales.

Hapag-Lloyd will shortly launch the negotiation and planning process for a further Hanseatic class vessel.