ShippingWatch

Hapag-Lloyd investor still prepared to sell stake

Travel group TUI, one of the major investors in Hapag-Lloyd, is looking to sell its stake in the carrier, according to Reuters.

Photo: Hapag-Lloyd

Following a miserable half-year report from Hapag-Lloyd, major investor TUI is prepared to withdraw from the carrier entirely. The travel group has for a long time been ready to leave the shipping industry behind, to focus instead on the travel industry, according to Reuters.

"Whichever comes first at a decent price, we will go for it," says TUI Group CFO Horst Baier on Thursday.

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