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Tag: Tallink Grupp | Ferry Shipping News

Feb 08
3

Tallink Grupp Shuttle Moving Towards 100% Renewable Fuel

By | 2026 Newsletter week 06 | No Comments

Tallink’s shuttle vessels MEGASTAR and MYSTAR, operating on the Tallinn–Helsinki route, are close to running entirely on renewable energy.

In January, 74% of the fuel used by the two ships consisted of liquefied biomethane (LBM), marking a significant step towards replacing conventional LNG completely.

The company’s stated objective is to substitute its full LNG demand with LBM in the near future, subject to favourable pricing and secure supply. According to CEO Paavo Nõgene, the transition represents a long-term strategic move rather than a temporary fuel switch, positioning the route as a low-emission corridor across the Gulf of Finland.

A full conversion to liquefied biomethane is expected to reduce greenhouse gas emissions by approximately 75% compared with fossil fuels.

Photo: Karl-Robert_Kurm

Oct 03
3

Tallink Grupp’s traffic volumes report for September and Q3 2025 September 2025

By | 2025 Newsletter week 40 | No Comments

September 2025

  • Passengers: 387,482 (↓ 4.1% vs Sept 2024)
  • Cargo units: 21,269 (↓ 8.2%)
  • Passenger vehicles: 55,973 (↓ 5.9%)

Q3 2025 (July–September)

  • Passengers: 1,766,335 (↑ 3.0% vs Q3 2024)
  • Cargo units: 60,306 (↓ 9.8%)
  • Passenger vehicles: 251,751 (↑ 0.4%)

By Route (Q3 2025 vs Q3 2024):

  • Finland–Sweden:
    • Passengers: ↓ 1.4% (435,770)
    • Cargo: ↓ 17.6% (7,891)
    • Vehicles: ↑ 2.5% (30,107)
  • Estonia–Finland:
    • Passengers: ↑ 10.1% (1,166,278)
    • Cargo: ↓ 8.2% (44,388)
    • Vehicles: ↑ 0.2% (208,228)
  • Estonia–Sweden:
    • Passengers: ↓ 23.5% (164,287)
    • Cargo: ↓ 10.0% (8,027)
    • Vehicles: ↓ 1.0% (13,416)

Operational Notes:

  • Finland–Sweden: Operated by SILJA SERENADE, SILJA SYMPHONY, BALTIC PRINCESS.
  • Estonia–Finland: Operated by MYSTAR, MEGASTAR (2 days off in Sept for maintenance), VICTORIA I.
  • Estonia–Sweden: Operated by BALTIC QUEEN (Tallinn–Stockholm) and SUPERFAST IX (Paldiski–Kapellskär). Previous year had additional vessels on this route.

Other Events:

  • Charter of GALAXY I extended until October 2026, with an additional 12-month extension option.

Source PDF Tallink Grupp

Jan 28
2

Tallink Grupp’s Ropax STAR Returns To Estonia And Starts Service On Paldiski-Kapellskär Route From 9 February 2025

By | 2025 Newsletter week 04 | No Comments
  • STAR, which is returning to Estonia from long term charter to Irish Ferries, starts operating on the Paldiski-Kapellskär route from Sunday, 9 February 2025.
  • Due to port service restrictions, only freight and car passengers.
  • The vessel will operate on an intensified schedule, alternating in the opposite direction to the schedule of the company’s cruise ferry BALTIC QUEEN, which sails between Tallinn and Stockholm. This ensures that ferry travel between Estonia and Sweden is again possible almost daily.
  • Before returning to regular service on the Paldiski-Kapellskär route, STAR will undergo the necessary renewal and preparatory work in dry dock at Naantali, Finland.
  • Will replace the vessels SAILOR and REGAL STAR, which previously operated on the route and will now remain on standby for future company decisions.
Oct 25
2

Tallink Grupp Publishes 2024 Q3 Results

By | 2024 Newsletter week 43 | No Comments

Q3

  • Passengers:
    Tallink Grupp carried 1,715,496 passengers in Q3 2024, a 3.4% decrease from 1,775,821 in Q3 2023.
  • Trips:
    The company operated 1,840 trips in Q3 2024, an increase of 131 trips compared to 1,709 trips in Q3 2023.
  • Revenue:
    Revenue for Q3 2024 was EUR 231.9 million, a 3.7% decline from EUR 240.7 million in Q3 2023.
  • EBITDA:
    EBITDA for Q3 2024 stood at EUR 68.4 million, down 16.7% from EUR 82.1 million in Q3 2023.
  • Net Profit:
    Q3 2024 net profit was EUR 36.8 million, a 24.4% decrease compared to EUR 48.7 million in Q3 2023.
  • Liquidity Buffer:
    At the end of Q3 2024, the company’s liquidity buffer amounted to EUR 107.6 million, compared to EUR 199 million at the end of Q3 2023.
  • Investments:
    Investments in Q3 2024 were EUR 5.6 million, down from EUR 6.1 million in Q3 2023.
  • Loan Repayments & Dividends:
    The company repaid loans worth EUR 27 million and made dividend payments of EUR 44.6 million in Q3 2024.

First Nine Months (1 January – 30 September 2024):

  • Revenue: EUR 602.3 million, a 6.1% decline from EUR 641.6 million in the same period in 2023.
  • EBITDA: EUR 149.5 million, down from EUR 177.7 million in 2023.
  • Net profit: EUR 45.5 million, down from EUR 76.7 million in 2023.

The financial result of the first 9 months of 2024 was impacted by the following factors:

  • Low consumer and business confidence in the home markets as well as mounting geopolitical tensions.
  • The number of vessels on charter dropped from 5 in the beginning of the year to 3 as at the end of the third quarter.
  • Sale of the cruise vessel Isabelle in the first quarter of 2024.
  • Two vessels in lay-up including the cruise vessel Romantika the charter agreement of which was prematurely terminated in September 2023 and MV Superfast IX (formerly Atlantic Vision) the charter agreement of which ended in May 2024.
  • Payment of dividends in the amount of EUR 44.6 million in the third quarter of 2024.
  • Income tax expense on dividends in the amount of EUR 9.2 million was recorded in the second quarter of 2024. In the third quarter of 2024, income tax on dividends was paid in the amount of EUR 4.9 million (EUR 4.3 million of the dividend tax expense was offset by prepaid income tax).
  • Repayment of long-term loans in the amount of EUR 59.5 million.

CEO’s Outlook (Paavo Nõgene):
Despite challenging market conditions and the fragile economic environment, Tallink Grupp’s third quarter results are strong. With two vessels suspended, the company has still managed to deliver confidence-inspiring results. The company remains lean and aims to reinstate its regular dividend payments in 2025, barring any unforeseen disruptions during the remainder of the year.

For a more detailed report: Tallink Newsroom

Oct 25
2

Tallink Grupp Signs Agreement To Extend Charter Of Vessel Galaxy I To The Netherlands

By | 2024 Newsletter week 43 | No Comments

Tallink Grupp has announced signing an agreement with Dutch company Slaapschepen Public BV for the extension of the charter contract for its vessel Galaxy I. The vessel has been chartered to the Netherlands since September 2022, and currently provides temporary accommodation for asylum seekers in Amsterdam. According to the new agreement, the charter of the vessel has been extended by another year from October 2024, with the possibility to extend the agreement by a further 6+6 months after that.

In addition to Galaxy I, the company’s vessel Silja Europa is currently also chartered to the Netherlands until the end of 2024, also providing accommodation for asylum seekers in the City of Rotterdam.

Photo Marko Stampehl.

Oct 04
2

Tallink Grupp publishes 2024 September and Q3 passenger and cargo transport statistics

By | 2024 Newsletter week 39 | No Comments

In September, Tallink Grupp transported a total of

404,143 passengers (+0.7%)

23,178 cargo units (-10.2%)

59,455 passenger cars (-3.5%)

In the third quarter, the company transported a total of

1,715,496 passengers (-3.4%)

66,865 cargo units (-11.7%)

250,810 passenger vehicles (-8.3%)

  • Tallink Grupp CEO, Paavo Nõgene, reflects on the current economic climate, noting that passenger numbers align with expectations considering low consumer confidence, increasing prices, and economic uncertainties.
  • September performed better than expected, but August’s results could have been improved.
  • A positive trend was observed with a rise in international passengers, particularly from Asian countries, despite domestic market pressures.
  • The CEO highlights that any positive developments in key export markets could improve the cargo transport segment.
May 03
1

Tallink Grupp delivers profit in Q1 2024

By | 2024 newsletter week 18 | No Comments

Q1 has a profit for the quarter that historically delivers a loss for the company due to tourism low season.

+147.4% net profit EUR 2.6 million

+6.3% consolidated revenue EUR 160.4 million

+27.2%  EBITDA EUR 34.5 million

The Q1 results were positively impacted by marginally increased passenger numbers in Q1 2024 compared to the same period last year, by ongoing charter contracts for four of the company’s vessels and the sale of company vessel Isabelle.

The company continues to maintain a strong liquidity buffer of EUR 123.9 million, combined in cash and unused credit lines.

Source: Tallink