Tallink Grupp signs two long-term charter agreements

By | 2023 Newsletter week 15 | No Comments

Vessel: STAR

Chartered to: Irish Continental Group / Irish Ferries

As OSCAR WILDE she will enter service on the Rosslare / Pembroke route in early June 2023, replacing the chartered BLUE STAR 1.

The charter agreement has been signed for 20 months with the possibility to extend the charter by 2+2 years and purchase option.

Vessel: ISABELLE

Chartered to Bridgemans Floatel LP/Bridgemans Services Group LP

The ferry is currently housing Ukrainian refugees in Tallinn since April 2022 as part of a charter agreement with the Estonian government. She will be chartered to Bridgemans from 1 July 2023 as accommodation vessel in Canada.

Overview of Tallink vessels chartered out

“Chartering of Tallink vessels has been and will continue to be an important part of business model,” said CEO Paavo Nõgen.

  • continuing economic uncertainties
  • low consumer confidence
  • significant pressure of increasing costs, such as the pay increases resulting from the recently signed new collective agreement
  • the slower than expected recovery of the passenger numbers
  • reduced demand