TUI stock faces second Mein Schiff 3 cruise cancellation

TUI Cruises has canceled a second Mein Schiff 3 sailing after repairs following an October collision took longer than expected. TUI stock traded at 7.81 euros on Lang & Schwarz at 11:42 CET on Tuesday, November 10, 1.43 percent above the Xetra close of Monday, November 9.

Baird Maritime reported on November 9 that the canceled voyage was a 14-night Norway cruise scheduled to run from November 14 to November 28. Mein Schiff 3 has been at Lloyd Werft in Bremerhaven since November 1 for damage assessment and repairs.

Repair work extends cruise disruption

The latest cancellation follows the loss of a 20-night Canary Islands round trip that was due to return on November 14. The earlier voyage was canceled after Mein Schiff 3 collided with two container ships while departing Bremerhaven on October 25.

Police reported damage to the cruise ship's lifeboats, their cranes and outer hull. Baird Maritime said none of the 2,428 guests and 922 crewmembers aboard was injured. The operator has said the repair work must be completed before the ship resumes regular operations.

TUI Cruises currently plans to return Mein Schiff 3 to service on November 28, departing Bremerhaven for Oslo and Kiel. The company said it would inform passengers and sales partners if the schedule changes again. For investors, the return date is the next operational milestone, while the disruption currently concerns one ship and two scheduled voyages rather than the wider fleet.

European equities remain the broader market backdrop for TUI stock; investors can follow the Euro Stoxx 50.

Further developments will depend on the repair schedule and whether Mein Schiff 3 resumes service on November 28. More news and analyses on TUI stock.