Hapag Lloyd AG (HLAG.DE)
* Approves new cruises ship for Hapag-Lloyd brand (Adds CEO comments, details on summer bookings)
BERLIN, May 9 Europe's largest travel and tourism group TUI Group said it had approved construction of another cruise ship for its Hapag-Lloyd cruise business and that summer trading was good as it reported second quarter results.
HAMBURG Demand for shipping is growing and could outpace the supply of new vessels next year, helping to boost profits at Hapag-Lloyd as it also reaps the benefits of a recent merger, the German company said on Wednesday.
* Shares up 2.3 percent (Adds details from press briefing, update shares)
HAMBURG, Jan 18 German shipping group Hapag-Lloyd sees demand for transport growing 4 percent in 2018 and expects more shipping firms to merge in the year, the chief executive said.