TUI Group’s plans for the expansion of the Cruises segment will be expedited by the transaction. As a result of limited global shipbuilding capacity, TUI Cruises’ Mein Schiff fleet are not scheduled for the next three new build deliveries until 2023, 2024 and 2026.
The integration of Hapag-Lloyd Cruises in the joint venture will enable TUI to take part in global cruise industry growth at a low level of capital expenditure. The merger of TUI Cruises and Hapag-Lloyd Cruises under the umbrella of the joint venture will create a European cruise company with a current combined fleet of twelve ships.
TUI Cruises and Hapag-Lloyd Cruises will continue to operate their product concepts in the future. TUI Cruises will continue to cater to the premium German-speaking segment and Hapag-Lloyd Cruises will continue to have an exclusive presence in the luxury and expedition ship segment.
Hapag-Lloyd Cruises' fleet currently consists of two luxury ships within the five star plus category and three expedition cruise ships. A further expedition cruise ship has been ordered and will be added to Hapag-Lloyd Cruises’ fleet in 2021 to replace MS Bremen.