Tallink Grupp and Port of Tallinn reached compromise agreement in a court dispute

By | 2022 Newsletter week 7 | No Comments

Tallink Grupp and Port of Tallinn have reached a compromise agreement, which ends the court dispute between the two parties which started in March 2021 over the port dues offered to passenger ferries in the Old City Harbour.

Tallink Grupp will waive all submitted claims against the Port of Tallinn in this case

Port of Tallinn will change the port dues applied to passenger ferries operating regular routes to and visiting the Old City Harbour.

New port dues will apply to all ferry operators operating regular routes to the port.

Port of Tallin has chosen the architects for the Old City Harbour

By | 2017 Newsletter week 35 | No Comments

Irish Continental Group (ICG), the Irish-based maritime transport group, reported a solid financial performance for the half year ended 30 June 2017.

Growth in revenue went up 3.7% to €156.1, in what is seasonally its less profitable half year period.

The strong performance is underpinned by increased car volumes and the consolidation of the strong ro-ro growth over the last two years in the ferries division.

Irish Ferries carried 174,500 cars (+2.3%) and 700,400 passengers (+1.7%)

Ro-ro freight volumes went a little down: 138,600 units (-0.4%).

In H1 ICG sold ro-pax KAITAKI (ISLE OF INNISFREE) to Toll Shipping, and now the company is looking forward to the arrival in mid-2018 of the new ship, which will bring cost savings and additional earnings potential.