Tallink Grupp teams with ABB to achieve environmental goals

By | 2023 Newsletter week 20 | No Comments

Tallink Grupp is the first Estonian company to join international technology giant ABB’s global sustainability movement, Energy Efficiency Movement, the aim of which is to enhance environmental protection through increased energy efficiency and emissions reduction projects and activities.

Read more here.

Photo (left to right): Jukka Patrikainen, ABB and Captain Tarvi-Carlos Tuulik, Tallink Grupp

Tallink Grupp delivers a strong Q1

By | 2023 Newsletter week 17 | No Comments

In short: solid performance during the quarter that has historically been the most challenging for the group due to travelling low season. (unaudited)

  • +45.7% pax
  • -9% cargo units
  • +61.3% consolidated revenue or EUR 171.2 million.
  • EBITDA  has seen a huge swing back into the positive compared to the last few years, reaching EUR 27.1 million in Q1 2023 (EUR –11 million in Q1 2022).
  • Net loss for the period was EUR 5.4 million (net loss of EUR 40.0 million in Q1 2022).

The following operational factors impacted the Group’s revenue and operating results in Q1 of 2023:

  • Growing demand for travelling supported by improving consumer confidence levels in all Group’s core markets.
  • Ongoing war in Ukraine continues to impact the demand.
  • During the quarter the Group operated 15 vessels including 3 shuttle vessels, 2 cargo vessels, 4 cruise ferries and 6 vessels that were chartered out (2 vessels on long-term and 4 vessels on short-term charter).
  • The Group operated 3 hotels in Tallinn while the hotel in Riga remained closed since October 2020.
  • Planned maintenance works totalled 45 days which affected the Finland-Sweden segment’s first quarter passenger and cargo levels as well as the financial result.
  • The Group continues to focus on cost savings from previously implemented measures and achieving profitable operations on its core routes.
  • The Group regularly monitors the developments on its core routes including the capacity of each route and continues to look for chartering options for vessels not used on the main routes.

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

Tallink Grupp publishes 2023 March and Q1 statistics

By | 2023 Newsletter week 14 | No Comments
  • Increase in passenger numbers, but a decrease in carried cargo units.
  • Passenger numbers increased the most on the Tallinn-Stockholm route by 77% compared to Q1 2022 when BALTIC QUEEN operations were temporarily suspended due to travel restrictions, and on the Tallinn-Helsinki route by nearly 47% with greater route capacity this year with three shuttles operating on the route during the quarter.
  • The number of cargo units transported decreased compared to last year due to several of the company’s vessels being chartered out.
  • The most significant reduction in carried cargo units is evident on the Finland-Sweden routes and is the result of the chartering out of the company’s Turku-Stockholm route vessel GALAXY and the technical dockings of the company’s Finland-Sweden routes’ vessels SILJA SERENADE, SILJA SYMPHONY and BALTIC PRINCESS all during Q1 2023.

Tallink Grupp Audited Annual Report of the 2022 Financial Year

By | 2023 Newsletter week 14 | No Comments

Tallink published its annual report, audited.

Ferry Shipping News presented the unaudited version on 24 February 2023. [link]

Outlook

  • Rebuild and recovery of core routes between Estonia, Finland and Sweden, and ensuring an optimal growth of these core routes in the future.
  • Pay close attention to the passenger numbers and occupancy levels of the ships in regular traffic. Changes in operations if there is a clear need to do so.
  • Monitor the need for short- and long-term vessel chartering and, if the timing and opportunity are right, carry on with the successful chartering projects, which have helped Tallink to keep its nose above water during the COVID-19 years and thereafter.
  • Stronger focus than ever before on sustainability. New environmental regulations and directives, such as the Corporate Sustainability Reporting Directive (CSRD) and amendments to the EU Emissions Trading System (ETS) taking effect in the very near future.

Tallink Grupp ship charter update

By | 2023 Newsletter week 11 | No Comments

At the Tallink Grupp 2022 results webinar on 22 February, an update was given of the position of the charters of the company’s vessels.

 

Ship Charter Contract Expiry
ROMANTIKA Holland Norway Lines March 2025 – extension possible
ATLANTIC VISION/SUPERFAST IX Marine Atlantic May 2024 – extension possible
SILJA EUROPA Dutch Government (Ukrainian migrant accommodation) June 2023 – extension possible
ISABELLE Estonian Government (Ukrainian migrant accommodation) June 2023 – extension possible
VICTORIA I Scottish Government (Ukrainian migrant accommodation) June 2023 – extension possible
GALAXY Dutch Government (Ukrainian migrant accommodation) April 2023 – extension possible

Tallink Grupp loyalty programme reaches 3 million

By | 2023 Newsletter week 11 | No Comments

Tallink Silja’s loyalty programme, Club One, welcomed its 3 millionth member on 10 March 2023.

Founded 16 years ago, the club’s members are primarily from Finland, Sweden, Estonia and Latvia.  However, 217 countries worldwide are represented.

Members earn points on travel and onboard purchases which can then be used on future travel or discount at Tallink Hotels.  There are also discounts available to members at many shore side partner locations.


Mr Ari Moilanen, onboard Tallink’s shuttle vessel Megastar on 10 March 2023, receiving the prize for joining Tallink Silja Line loyalty programme Club One as the 3 millionth member, joined by Ms Siiri Toomsalu, Head of Group B2C Loyalty and Offerings at Tallink Grupp; and, on his left, Megastar captain, Master Vahur Sõstra and Megastar Intendant Üllar Märtin.

Photo: Tallink Grupp.

Tallink Grupp statistics for February

By | 2023 Newsletter week 9 | No Comments
  • +51.3% passengers = 355,796
  • +11.0% passenger vehicles = 50,259
  • -18.7% freight units = 26,784

Variables

  • GALAXY stopped sailing Turku – Stockholm in September 2022 due to a charter contract.
  • SILJA SERENADE and SILJA SYMPHONY didn’t sail on the Helsinki – Stockholm route for 17 days due to annual maintenance.
  • MYSTAR was added to Tallinn – Helsinki route, leading to an increase in sailings.
  • SEA WIND freight ferry was sold in April 2022.  She sailed on the Muuga – Vuosaari route.
  • SILJA EUROPA stopped sailing on the Tallinn – Helsinki route in August 2022 due to a charter contract.

Tallink Grupp Results of the Q4 2022

By | 2023 Newsletter week 8 | No Comments

Stena Line has announced that the STENA NORDICA will replace the STENA EUROPE on their Fishguard – Rosslare service.  The replacement of the 1981-built ferry is said to “secure the future stability” of the route.

The changeover will take place in July.  The STENA NORDICA is currently being comprehensively refurbished at Remontowa, Gdańsk, to increase her passenger capacity, as well as providing new and enhanced facilities.

A commitment has been given by the company to ensure that the crew of the STENA EUROPE are offered roles on the STENA NORDICA or other Irish Sea Stena Line vessels.

Photo: Stena Line

Tallink Grupp’s 2022 annual passenger figure bounces back after COVID years and nearly doubles compared to 2021

By | 2023 Newsletter week 1 | No Comments

Tallink Grupp’s figures show improvement after the last two COVID years despite the global economic and security challenges and despite six of the company’s vessels being chartered out by Q4 of the year.

  • During the full year 2022, Tallink Grupp transported +84.4% passengers (5,462,085)
  • Passenger numbers increased on all three of the company’s current regular routes Finland-Sweden, Estonia-Finland and Estonia-Sweden compared to 2021, with the greatest increase of 96% on the Finland-Sweden routes, the Estonia-Sweden route following closely behind with a 93.4% increase, and the Estonia-Finland route seeing an increase of 76.9%.
  • The number of passenger vehicles transported in 2022 increased by 36,1%.
  • The number of cargo units carried by the company in 2022, although not seeing as sharp an increase as passenger numbers, also increased by 11%.
  • The greatest increase in the cargo units carried was seen on the company’s Estonia-Finland routes, which saw a 19% increase in unit numbers year-on-year.
  • The only decrease of the year was the company’s cargo units carried on the Finland-Sweden routes, impacted by the chartering out of the company’s vessel GALAXY, leading to reduced cargo capacity.