CP Ships posted a net loss of 2.5 million euros ($3 million) for the Oct. 25-to-Dec. 31 period. Shipping revenue grew 42.7 percent to 3.8 billion euros ($4.6 billion) with Hapag-Lloyd posting full year turnover of 3.22 billion euros (up 20 percent) and CP Ships contributing 612 million euros ($739 million) in the two months since it was acquired. TUI said its shipping division "benefited from persistently high worldwide demand for container transport and thus continued on its positive trend." The shipping division moved a consolidated 3.1 million TEUs in 2005, of which Hapag-Lloyd transported 2.67 million TEUs, an 11 percent increase over the 2.41 million TEUs it carried in the previous year. The German carrier said it handled 1.1 million TEUs in the Asia/Europe market (up 10 percent); 719,000 TEUs in the transpacific market (up 16 percent); 665,000 TEUs in the transatlantic trade (up 8 percent); and 192,000 TEUs in the Latin American market (up 12 percent).