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Jun 09
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AS Tallink Grupp Statistics for May 2023

By | 2023 Newsletter week 23 | No Comments

In May 2023 AS Tallink Grupp transported 469,878 passengers, which is a 3.3% decrease compared to May 2022.

The number of cargo units decreased by 23.1% to 29,678 units and the number of passenger vehicles by 0.1% to 72,969 units year-on-year.

FINLAND – SWEDEN

The May Finland-Sweden results reflect the operations of the Helsinki-Stockholm and the Turku-Kapellskär/Turku-Stockholm routes. The cruise ferry GALAXY I stopped operating on the Turku-Stockholm route in September 2022 due to a charter contract.

ESTONIA – FINLAND

The May Estonia-Finland results reflect operations of shuttle services of MYSTAR and MEGASTAR.

The shuttle ferry STAR, which operated on the Tallinn-Helsinki route until 1 May 2023, is on long-term charter since 5 May 2023 providing transport services between Ireland, the United Kingdom and France under the OSCAR WILDE name.

The cruise ferry SILJA EUROPA stopped operating on the Tallinn-Helsinki route in August 2022 due to a charter contract.

ESTONIA – SWEDEN

The May Estonia-Sweden results reflect the operations of the Tallinn-Stockholm and the Paldiski-Kapellskär route.

OTHER EVENTS

In May 2023, the charter agreement was signed based on which the cruise ferry SILJA EUROPA will continue providing services in Netherlands until December 2023.

Feb 10
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AS Tallink Grupp Statistics for January 2023

By | 2023 Newsletter week 6 | No Comments
  • The cruise ferry GALAXY stopped operating on the Turku-Stockholm route in September 2022 due to the charter contract with The Netherlands..
  • The January Estonia-Finland results reflect operations of shuttle services including new shuttle Mystar that was added to the route from 13 December 2022. The cruise ferry SILJA EUROPA stopped operating on the Tallinn-Helsinki route in August 2022 due to a charter contract with The Netherlands.
Dec 22
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Changes in AS Tallink Grupp’s loan obligations

By | 2022 Newsletter week 51 | No Comments

AS Tallink Grupp has amended and restated the EUR 280 million loan agreement from December 2016. The final maturity of the Euribor based floating interest rate loan was extended by 3 years with two further extension possibilities, each by one year. Sustainability-linked clauses were added to the amended and restated loan agreement. Current outstanding balance of the loan is EUR 135,5 million.

The financing is arranged by Nordea Bank ABP, Danske Bank A/S, KfW IPEX Bank GmbH, AS Swedbank, Skandinaviska Enskilda Banken AB and Hamburg Commercial Bank AG. Nordea Banks ABP and Skandinaviska Enskilda Banken AB acted as Coordinators. The Facility- and Security Agent and Sustainability Coordinator is Nordea Banks ABP.

As a result of the amended and restated loan agreement the company’s refinancing risk decreases.

The new loan is guaranteed by the subsidiaries of AS Tallink Grupp: Tallink Sea Line Ltd, Tallink Victory Line Ltd, Tallink Ltd, Tallink Autoexpress Ltd and Tallinn Swedish Line Ltd. The loan is secured by the mortgages on the ships belonging to these subsidiaries.

Dec 09
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Delivery of MyStar

By | 2022 Newsletter week 49 | No Comments

On 7 December 2022, Tallink Superfast Ltd, a subsidiary of AS Tallink Grupp, took delivery of the new fast passenger ferry MyStar from Rauma Marine Constructions.

  • There will be four different travel classes – the standard Star Class, upgraded Comfort Class, exclusive Business Lounge and the novel Platinum Lounge offering even more privacy.
  • There is a 2500 m2 Traveller Superstore shopping area through two decks with modern self-service solutions, and seven restaurants, cafes and bars. A children’s playroom, an area for older kids with gaming equipment, a large winter garden and a kennel for the pets on garage level.
  • The new ship has a service speed of 27 knots and she will operate on the Tallinn-Helsinki route with 6 departures per day in the company’s shuttle vessel schedule in tandem with the company’s other fast ferry Megastar.
  • The cost of the ship is around EUR 250 million and the purchase is financed with a loan of EUR 196,3 million from KfW IPEX-Bank GmbH Ltd., the credit is guaranteed by Finnish Export Credit Agency “Finnvera”. The maturity of the loan is twelve years and bears fixed interest rate.
  • MyStar is co-financed by European Union, the Connecting Europe Facility, Transport – Motorways of the Sea.
  • MyStar will start operating on 13 December 2022.
  • 212m | 2800 passengers | 750 passenger vehicles.
  • Dual-fuel engines LNG MDO
Dec 09
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Short-term charter agreement

By | 2022 Newsletter week 49 | No Comments

AS Tallink Grupp and Estonian Social Insurance Board have signed a short-term time-charter agreement ropax ISABELLE.

The vessel will be chartered to the Estonian authorities from 8 December 2022 for six months with extension options (6+1+1).

The vessel will be used to provide temporary accommodation to Ukrainian refugees arriving in Estonia.

Dec 09
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Corsica Linea took delivery of A GALEOTTA

By | 2022 Newsletter week 49 | No Comments

Corsica Linea took delivery of the new LNG-powered RoPax named A GALEOTTA, built by Cantiere Navale Visentini shipyard in Porto Viro.

The vessel will have the capacity to accommodate 650 passengers and 2,560 lane meters of freight. Also, the ship will be able to carry 150 cars on a separate deck.

Corsica Linea’s ferries provide year-round services from Marseille, the main trading port in France to the Mediterranean island of Corsica. The vessel is to be deployed on the route linking Marseille and Ajaccio / Bastia.

Dutch firm Titan will bunker Corsica Linea’s first LNG-powered RoPax in Marseille, as part of a deal revealed in January this year. Titan will first provide truck-to-ship operations until its 4,500 m3 LNG bunkering vessel KRIOS arrives.

Dec 02
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Short-term charter agreement extension

By | 2022 Newsletter week 48 | No Comments

AS Tallink Grupp and Corporate Travel Management (North) Ltd on behalf of The Scottish Government have agreed an extension to the short-term time-charter agreement for ropax VICTORIA I.

The vessel is providing temporary accommodation in Scotland.

The charter has been extended for five months from 14 January 2023.

Nov 05
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AS Tallink Grupp Statistics for October 2022

By | 2022 Newsletter week 44 | No Comments

AS Tallink Grupp passenger, cargo unit and passenger vehicles numbers for October 2022 were the following:

FINLAND – SWEDEN

October results reflect operations of Turku-Kapellskär and Helsinki-Stockholm routes. The cruise ferry GALAXY stopped operating on the Turku-Stockholm route in September 2022 due to a charter contract.

ESTONIA – FINLAND

October results reflect operations of shuttle services.

ESTONIA – SWEDEN

October results reflect operations of Tallinn-Stockholm and Paldiski-Kapellskär routes. The cargo ship SAILOR underwent maintenance works until October 28, 2022.