German tourism giant TUI has completed the sale of Hapag-Lloyd Cruises in what it called a "difficult market".
But expansion plans for Hapag-Lloyd Cruises have been put on hold under its new ownership, after the coronavirus pandemic brought activity crashing to a halt.
The five-ship company was sold to TUI Cruises, a joint venture between TUI and US giant Royal Caribbean Cruises, in a deal worth €1.2bn
