Mein Schiff 3 Made Maiden Call at Sri Lankan Port
The super luxury passenger vessel MV Mein Schif 3 of TUI Cruises with 2,430 passengers and 995 crew on board made her maiden call at the Port of Colombo on 26th November 2018. The vessel was welcomed at the East Container Terminal (ECT) of Sri Lank Ports Authority (SLPA).Chairman of Sri Lanka Ports Authority (SLPA) – Dr.Parakrama Dissanayake said that the Port of Colombo was honored by the presence of Mein Shiff 3 in Colombo. “The Port of Colombo has become an extremely busy port and this year the port also became the fastest growing port in the world in terms of handling containers.
Panasonic Connectivity Services for TUI Cruises
Panasonic Avionics Corporation (Panasonic) announced that in partnership with its subsidiary, ITC Global, it has been awarded a four-year contract by TUI Cruises for connectivity services to two new-build cruise ships, Mein Schiff 1 and new Mein Schiff 2.The agreement establishes communication capabilities onboard the vessels serving guests and crew, enhancing the user experience during the cruise line's travels across international waters. Germany-based TUI Cruises is a joint venture between TUI AG and Royal Caribbean Cruises, Ltd.
TUI Sheds Its Stake in Hapag-Lloyd to Focus on Tourism
Europe's largest tourism group TUI Group said on Monday it had sold its stake in container shipper Hapag-Lloyd, bringing to a close plans for the sale of non-core businesses in order to focus on its tourism operations. TUI Group has been investing in more of its own hotels and cruise ships since it was formed from the merger of TUI AG and TUI Travel in 2014. "The proceeds will be reinvested in the transformation of TUI as the world's leading integrated tourism business, focused on own hotel and cruise brands, and to further strengthen TUI's balance sheet," TUI said.
IPO: Hapag-Lloyd Raises $300 Million
Hapag-Lloyd AG, the German container shipping company, has succeeded in completing its initial public offering (IPO), after a hard campaign in which the outcome sometimes looked in doubt. It has set the final offer price for its shares at €20 ($21.91), the low end of the bookbuilding range. The Container shipping line said it raised approximately $300 million in primary proceeds through the initial public offering. The deal’s main target was to raise primary proceeds for the company.
Hapag-Lloyd Likely to Price IPO at 23 Eur/Share
The shares of German container line Hapag-Lloyd will now be offered at between 20 and 22 euros ($22-$24.20) each, down from 23-29 euros previously, reports Reuters. Its initial public offering on the stock exchanges in Hamburg and Frankfurt set to commence on November 6. Hapag-Lloyd said that due to ongoing market volatility, the company and its existing shareholders have decided to adjust the price range and the offer structure in the course of the IPO. "It's no easy thing," the person said, adding that he believed the IPO will go through and not to be canceled.
Hapag-Lloyd in US$500 mln IPO
German container carrier Hapag-Lloyd is looking to sell shares for a total US$500 million, and will seek listings in Hamburg and Frankfurt before the end of 2015. Hapag-Lloyd has confirmed that it is preparing for a US500 million initial public offering (IPO) this year, with the expectation that it will use some of the proceeds to order ultra large containerships. "This move will give us better access to the capital markets which will enable us to further invest in our business to become more competitive," Reuter quoted Hapag-Lloyd Chief Executive Rolf Habben Jansen as saying.
Hapag-Lloyd, CSAV Merger Wins Conditional EU Approval
Hapag-Lloyd and Compania SudAmericana de Vapores (CSAV) secured conditional European Union approval on Thursday for their tie-up to create the world's fourth-largest container shipping company. The merger is important for the shipping industry which hopes more deals could help it to overcome the worst slump on record. And if regulators take a soft line on any concessions required to allow the deal to proceed, this could spur more consolidation in the industry. The European Commission…
EU to Approve Hapag-Lloyd, Vapores Deal with Conditions
European Union antitrust regulators will conditionally clear a deal by Hapag-Lloyd and Compania SudAmericana de Vapores to form the world's fourth-largest container shipping company, two people familiar with the matter said on Friday. The case is important for the shipping industry where consolidation could help it to overcome the worst slump on record. And if regulators take a soft line on any concessions required to allow the deal to proceed this could spur more mergers in the industry.
MTN Expands European Customer Base
MTN Communications (MTN) has expanded its communications and content business through maritime operators in Europe. As a result, MTN has increased its Southampton, U.K. office staff and space. The MTN Southampton office is one of seven around the world and houses sales, project management, technical and logistics professionals. MTN attributes its European growth to its ongoing transformation of communications on the world’s waterways, making it more akin to land-like experiences.
Cruise Ship Contract for Kone
Kone eco-efficient elevators and escalators to serve another TUI Cruises vessel, 'Mein Schiff 4'. The new cruise ship will be the sister ship of Mein Schiff 3, which will also have Kone's solutions installed onboard. Both vessels will be built at STX Finland, Turku shipyard, the former being set for delivery in the spring of 2014 and the latter in the spring of 2015. Kone's People Flow® solutions will facilitate the smooth and efficient movement of 3,500 passengers and personnel onboard the Mein Schiff 4.
Hapag-Lloyd Supervisory Board Elects New Chairman
Dr Michael Frenzel, Chairman of the Executive Board of TUI AG, resigned from his position in the Hapag-Lloyd Supervisory Board as planned. Dr Jürgen Weber, formerly Executive Board Chairman at Lufthansa, has been newly elected to the Supervisory Board as his replacement and was subsequently appointed the new Supervisory Board Chairman. Dr Weber is already familiar with Hapag-Lloyd, having been a member of the Supervisory Board from 1992 to 1998. At that time Lufthansa still held a participating interest in Hapag-Lloyd.
Hapag-Lloyd: Share Purchase Welcomed
“Hapag-Lloyd, the management and all the employees are delighted with the solution and are pleased that this agreement was reached so fast”, Michael Behrendt, Chief Executive Officer of Hapag-Lloyd AG, said following the announcement that an agreement had been reached between TUI AG and the “Albert Ballin” consortium regarding the purchase of Hapag-Lloyd shares. Hapag-Lloyd is the port of Hamburg’s most important customer. Together with its partner shipping companies, who also operate services to Hamburg through Hapag-Lloyd…