TUI AG, the biggest shareholder in shipping line Hapag-Lloyd AG, fell as much as 6.2 percent in German trading after Financial Times Deutschland said the vessel owner may need 1.95 billion euros ($2.76 billion) in capital.

The shares declined to as low as 4.72 euros after the newspaper said
Hapag’s owners may try to secure 1.2 billion euros in loan guarantees
from the German government, more than the originally sought 1 billion
euros. Shareholders including TUI and the city of Hamburg would
contribute the remaining 750 million euros as planned, the newspaper
said, without saying where it got the information.

The container line, which last month received 315 million euros from
some owners for a stake in a container terminal, has been hurt by the
global recession and a glut of new vessels that led to a slump in
freight rates.

Hapag’s owners need to draw up a business plan for the company’s future
financing before filing for loan guarantees, according to the Federal
economy ministry.

“We are still optimistic that all Hapag shareholders will find
agreement on the future financing of the company,” said Robin
Zimmermann, a TUI spokesman. No agreement has been reached yet, he
added, and declined to comment further on the talks and the FTD report.

TUI fell 4 cents, or 0.8 percent, to 4.99 euros at 10:36 a.m. in Frankfurt trading.

Separately, Reuters reported that a cooperation and cross- shareholding
agreement between TUI’s TUIFly unit and Air Berlin Plc may be smaller
than first announced.

TUI Travel Plc, the Crawley, England-based tourism unit of TUI,
couldn’t be reached by telephone for comment and didn’t immediately
answer an e-mail.

Source: Bloomberg

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• Hapag-Lloyd owner prepared to the lifeline

    The owners of Hapag-Lloyd are preparing to give the container shipping company further 420 million euros ($595.9 million), several people familiar with the situation told Reuters. “It is still undecided whether TUI will inject further cash or transform existing loans to Hapag into equity,” said a source close to TUI. The latter

• Hapag-Lloyd Owner Type 1.86 billion euros in aid

    The owners of Hapag-Lloyd AG will give 1.86 billion euros ($2.7 billion) to the container-shipping company as part of a rescue package comprising cash injections, loans and credit guarantees. The financial help for Hapag comprises 923 million euros ($1.34 billion) pledged last month by the owners and additional help of about 940

• Hapag-Lloyd Kuehne Investor urges tie-up

     Klaus-Michael Kuehne, shareholder in Hapag-Lloyd, is pushing for a tie-up of the German container shipping company with peers in Europe or Asia to secure Hapag-Lloyd’s long-term survival.  Kuehne, one of the biggest shareholders in a consortium that bought a 57 percent stake in Hapag-Lloyd from German tourism group TUI AG earlier this

• Hapag-Lloyd to gain 923 million-euro cash injection

    German shipping line Hapag-Lloyd AG may receive a 923 million-euro ($1.32 billion) cash injection from owners including the city of Hamburg as the company seeks to bolster its chances of receiving a federal loan guarantee. The capital increase approved today by the city’s government is more than the 750 million euros

• TUI Says Full-Year Profit Surges on Stake Sale Hapag-Lloyd

    TUI AG, the German owner of Europe’s largest travel company, said its shortened fiscal full-year profit surged after selling a majority stake in the Hapag-Lloyd shipping line. Net income was 333.3 million euros ($488 million), or 1.25 euros a share, in the year ended September, from 33.7 million euros, or

• TUI Falls as the FT reports Germany Hapag may not get state aid

    TUI AG, the biggest stakeholder in the Hapag-Lloyd shipping line, fell the most in two weeks in German trading after Financial Times Deutschland said Hapag’s bid for state aid may be derailed by the European Union. Hapag wants loan guarantees worth 1.2 billion euros ($1.76 billion) from Germany’s federal government, an

• Hapag-Lloyd may EU300 million credit, Ahrons Says

     Hapag-Lloyd AG, Germany’s largest container-shipping line, will get an emergency credit of 300 million euros ($429 million) provided all its shareholders agree, a lawmaker said.  The cash injection will be part of a 1.75 billion-euro rescue package by lenders and shareholders including TUI AG to secure Hapag-Lloyd’s long-term viability, Barbara Ahrons, a

• Hapag-Lloyd announces rate hikes

        Hapag-Lloyd said it would implement rate hikes on Oct. 1 on several trades as follows:    • North Europe to Oceania (including South Pacific Islands) rates will increase 175 euros ($251) per 20-foot container and 350 euros ($501) per 40-foot container.    • Mediterranean to Oceania (including South Pacific Islands), $250

• No gain for Hapag in 2010 – Kuehne

    Roubled German shipping line Hapag – Lloyd will not return to profitability for another year according one of the major shareholders.

• Hapag-Lloyd slashes quarterly loss

    Hapag-Lloyd, Germany’s largest ocean container carrier, drastically reduced losses in the final three months of the year on substantial freight rate increases on some routes but is forecast to remain in the red through 2010. Operating losses widened to $29 million in the three months to end-December from $11.4 million

• EU challenges Hapag-Lloyd loan

    European Union regulators are challenging the German government’s $1.7 billion loan guarantees to Hapag-Lloyd, the country’s biggest ocean container carrier, which narrowly avoided a loss in the fourth quarter.

• Kuehne nail Chairman Wants To Raise use in Hapag-Lloyd

    Kuehne & Nagel International AG’s executive chairman and majority owner Klaus-Michael Kuehne said he is interested in raising his private stake in Hapag-Lloyd AG.

• Hapag-Lloyd announces the general increase effective 15 February 2010

    Please be advised that effective February 15, 2010, Hapag-Lloyd will increase rates for all commodities (Dry Containers) for cargo from the U.S.A. to East Asia follows: • USD 100/40ft (USD 80/20ft) for Long Beach, CA and Los Angeles, CA origins
• USD 150/40ft (USD 120/20ft) for all other origins East Asia

• CMA CGM, Maruba and Hapag-Lloyd South combine services

    CMA CGM, Maruba and Hapag-Lloyd are collaborating in a regular weekly service between Northern Europe and the east coast of South America. Read at CMA CGM, Maruba and Hapag-Lloyd combine South America services

• Connect to CMA CGM, Hapag-Lloyd Maruba and South America Services

    CMA CGM, Maruba and Hapag-Lloyd are collaborating in a regular weekly service between Northern Europe and the east coast of South America. Read at CMA CGM, Maruba and Hapag-Lloyd combine South America services