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TUI buys cruise ship Europa
The TUI Group has bought the cruise ship Europa2, which it previously chartered.
The ship, previously owned by Swiss businessman Otto Mihm, was newly commissioned in 2013.
It was purchased for €278 million, but according to reports in Germany will save charter rates of around €27 million a year.
TUI said it would improve profit at its cruise business, Hapag-Lloyd, by around €20 million in the 2015/16 business year.
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Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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