Tallink: “We Will Cruise Again!”

By | 2020 Newsletter week 17 | No Comments

In a letter to the shareholders, Paavo Nõgene, Tallink’s Chairman of the Management Board explains the contrast between a highly successful year 2019, with the actual situation.

Some highlights:

  • a very successful financial year in 2019
  • Return to the pre-crisis levels of demand will be gradual
  • Active negotiation with lending banks, Estonian Government and other home market Governments
  • Scale down ship operating and maintenance costs as well as other costs of sales and overheads by postponing all the non-critical investments and purchases
  • No dividend


By | 2018 Newsletter week 43 | No Comments

AS Tallink Grupp Repayment Of 900 Million NOK Bond

AS Tallink Grupp has repaid NOK 900 million senior unsecured bonds that were issued and listed in Oslo Stock Exchange in October 2013.

The bonds were repaid in total amount of EUR 120 million, of which EUR 110 million was drawn from the loan and EUR 10 million from company’s cash reserves.