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TUI Cruises focuses on sustainable growth
TUI Group and Royal Caribbean Cruises Ltd. (NYSE: RCL) are continuing the expansion strategy for the TUI Cruises joint venture: The Executive and Supervisory Boards of TUI Group and the Board of Royal Caribbean Cruises have decided to order two additional new builds. Subject to financing the order was closed on 12.7.2018. All contracting parties have agreed not to disclose the financial details.
TUI Cruises focuses on sustainable growth

The two identical ships will be built at the Italian Fincantieri shipyard in Monfalcone; commissioning is planned for 2024 and 2026. As a result, the Mein Schiff fleet will grow to nine ships by 2026. TUI Cruises is thus significantly developing its already strong and dynamic position in the German cruise market.

 

Evolution of the premium concept with a new ship class

 

The two identical cruise liners will have the size of 161,000 gross registered tons (GRT). “With the new class of ship we are responding to the wishes of our guests and creating offerings that will also inspire new cruise passengers to spend a holiday on board with us. As with the other ships in the fleet, the passenger/space ratio remains generous,” says Wybcke Meier, CEO of TUI Cruises. “Further details of the ships will be announced at a later date.” Giuseppe Bono, CEO of Fincantieri, adds: “These will be the largest ships ever built in Italy. We at Fincantieri have once again demonstrated to offer to the market with the best equation of reliability and ability to innovate, pillars of the ‘Made in Italy’ products and which identify Fincantieri in the world shipbuilding scenario. The project allows us to add TUI Cruises as a new and outstanding brand to our customer portfolio. Furthermore, it is also a cutting-edge reference to our products from a technological point of view.”

 

Decision for sustainable growth

 

TUI Cruises already has one of the most modern and environmentally friendly cruise fleets in the world: All existing new builds are characterized by their energy efficiency and consume around 30 percent less fuel than ships of comparable size. They are also equipped with a combined exhaust after-treatment system consisting of a scrubber and catalytic converters, which reduces sulfur emissions by up to 99 percent, nitrogen oxide emissions by up to 75 percent and particulate emissions by up to 60 percent. “The decision to run the two additional new builds of the fleet planned for commissioning in 2024 and 2026 on low-emission liquefied natural gas is a logical continuation of our environmental strategy,” explains Wybcke Meier, CEO of TUI Cruises.




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