According to a financial review of TUI AG, the German arm of TUI group will make some changes to its Hapag-Lloyd Kreuzfahrten. The German live has seen a reduction of passengers with the average ship sailing at 70% occupied.
Its not all bad news as TUI Cruises, the joint venture between TUI and Royal Caribbean, has been sailing their ship at full capacity.
However for the 6 months ending in March 2013, Hapag-Lloyd Kreuzfahrten saw a deficit of usd$14 million.
Norway’s Hurtigruten (the forever Norwegian Coastal Voyages) have reported a loss for the first quarter of 2013. However they were able to reduce their loss compared to other quarters.
The loss was reduced to NOK133.0 million compared to NOK171.9 million this time last year. Revenues increased in Q1 to NOK754.5 million compared to NOK723.3 million.
Britain’s Fred Olsen Cruise Lines suffered a bit worse. Their losses increased to almost usd$8 million in Q1 2013, compared to usd$7 million in Q1 2012.