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Mar 03
0

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 February 2023 Traffic
Feb 24
0

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

Jan 06
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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.
Press release with detailed figures
Oct 06
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Tallink Grupp reports largest quarterly passenger number since 2019

By | 2022 Newsletter week 40 | No Comments

September

The September figures reflect the fact that as of 20 September 2022, six of the company’s vessels are chartered out.

+26.5% pax / +0.6% freight units / -4.7% pax vehicles

Q3

The biggest passenger number increase during the quarter was on the Finland-Sweden route with the passenger number increasing in Q3 2022 by a total of 82.2% compared to the same period last year.

The Estonia-Finland route also saw significant recovery in passenger numbers during the quarter year-on-year with the passenger number up in 2022 by 61.7%

+65.5% pax / +13.1% freight units / +21% passenger vehicles

Commenting on the statistics, Paavo Nõgene, CEO of Tallink Grupp said: 

 “As we enter the last quarter of this turbulent year, we have taken several steps to secure our business over the low season, both through unpleasant, but vital price increases as well as various charter agreements for our vessels. Although the latter means that we have less services to offer our loyal customers over the coming months, it also means that we have secured the future of these vessels in our fleet and will be able to offer more of these services again once our vessels return to the Baltic Sea.”

Jul 29
0

Tallink Grupp: profitable June leads to near break-even Q2

By | 2022 Newsletter week 30 | No Comments

Q2

  • Strong recovery of passenger numbers after end of COVID related travel restrictions and a profit in the last month of the quarter.
  • Recovery and results impacted by continuing geopolitical and economic turbulence.
  • +263% passengers (total 1 552 174)
  • +19% cargo units (total 109 380)
  • +139% unaudited consolidated revenue (total EUR 206.0 million)
  • Unaudited EBITDA EUR 28.7 million (EUR 4.4 million in Q2 2021)
  • Although the group reached a net profit in June this year, the unaudited net loss for the quarter as a whole was EUR 0.7 million (net loss of EUR 24.3 million in Q2 2021).
  • The group’s pre-fuel cost EBITDA in Q2 2022 was almost comparable to 2019 Q2 levels, being only EUR 2.0 million lower than in 2019 and thus clearly demonstrating the group’s increased operational efficiencies.
  • The company has taken a number of steps to mitigate the risks related to the rising fuel costs, e.g. the introduction of a temporary fuel surcharge across its routes and the temporary suspension of the use of LNG due to significantly higher costs and supply issues.

H1

  • +227% passengers (total 2.3 million)
  • +123% unaudited revenue (total EUR 312.2 million)
  • Unaudited EBITDA for H1 2022 was EUR 17.7 million (EUR -1.9 million in H1 2021)
  • Unaudited net loss was EUR 40.7 million (EUR 58.8 million in H1 2021)
  • At the end of Q2 2022, the group’s net debt had decreased by EUR 32.6 million compared to the end of Q1 2022 and amounted to EUR 655.9 million.
  • The company’s liquidity remained strong at the end of Q2 2022 with the group’s cash and cash equivalents amounting to EUR 90.6 million as at 30 June (EUR 37.8 million on 30 June 2021) and the group had EUR 116.7 million in unused credit lines (EUR 78.9 million on 30 June 2021). The total liquidity buffer (cash, cash equivalents and unused credit facilities) at the end of Q2 2022 amounted to EUR 207.3 million (EUR 116.7 million on 30 June 2021).

Q3

Historically always best quarter of the financial year due to the travel high season.

Stock Exchange release
Jul 29
0

Tallink Grupp charters two vessels to the Netherlands

By | 2022 Newsletter week 30 | No Comments

As expected in Ferry Shipping News last week, Tallink Grupp signed contracts with Slaapschepen Public BV, an organisation nominated by Centraal Orgaan Opvang Asielzoekers (COA) in the Netherlands, for the short-term charter of two of the company’s vessels.

The company’s Tallinn-Helsinki route vessel SILJA EUROPA has been chartered to provide temporary accommodation in The Netherlands from 20 August 2022. (7+3 months).

The company’s second vessel GALAXY, currently operating on the Turku-Stockholm route, has also been chartered to provide accommodation in the Netherlands, but from 20 September 2022 (7+3 months).

Both vessels have been hired with Tallink Grupp’s technical crew only.

The decision also means that Tallink Silja is notifying 265 of its employees in Sweden. GALAXY will be reflagged from Swedish to Estonian flag.

In total, Tallink Silja has now converted four of its ferries into temporary accommodation for Ukrainian refugees, giving it a guaranteed income: ISABELLE and VICTORIA I in Scotland, and the two others for The Netherlands.

The withdrawal of GALAXY on the Turku route means only the BALTIC PRINCESS remains.

The cruise ferry market on this route will fully be served by the Viking Line ships, including the new VIKING GLORY.

May 23
0

QUEEN CORAL 8 delivered to Levante Ferries

By | 2022 Newsletter week 20 | No Comments

According to Kefalonia press, Levante Ferries’ officials are in Japan in order to complete the purchase of QUEEN CORAL 8 (1999). The ship was purchased at the end of March and she will be renamed CONTESSA DI LEVANTE. She had already undergone sea trials and inspection by Levante Ferries’ technicians, who will remain in Kure Kawanjiri until her final delivery and departure for Greece.

Her conversion into a passenger ferry will take place in Greece and she is expected to be introduced in the next season 2023.

Photos: Kefalonia Press

May 23
0

Tallink: new menu concept for Grande Buffet Restaurants

By | 2022 Newsletter week 20 | No Comments

Tallink Grupp has launched a new onboard buffet menu which is available onboard company’s Tallink and Silja Line’s vessels’ Grande Buffet restaurants from 18 May 2022. The menu includes more than 140 different dishes, sides and condiments to choose from and also plenty of vegan options to satisfy every passenger.

To provide variety throughout the year, the Grande Buffet restaurant’s new menu concept features seasonal theme tables which highlight regional ethnic culinary traditions. The traditional Swedish smörgåsbord theme table opens the summer season.

Apr 29
4

Tallink Grupp publishes 2022 first quarter financials

By | 2022 Newsletter week 17 | No Comments

Low season quarter results were still strongly impacted by the pandemic and the start of the war in Ukraine in late February. The latter resulted in a sharp increase in fuel, food and commodities prices as well as some decrease in traveller confidence in the second half of the quarter.

The results were also impacted by the planned dockings of several of the company’s vessels, including dockings brought forward from autumn 2022, to ensure there are fewer traffic interruptions in Q4 this year.

Q1, 2022 (EUR)

+97.5% Revenue 106.1 million

Net loss 40.0 million

EBITDA -11.0 million (-6.3 million in Q1 2021)

Negative effects:

  • pandemic
  • war in Ukraine
  • high fuel prices
  • traveller confidence issues

 

Actions:

Sourcing alternative opportunities and work for vessels (such as ROMANTIKA charter to Holland Norway Lines, and ISABELLE securing a contract as a refugee accommodation vessel for at least four months this year)

Goal:

To end the year 2022 with a net profit.

Apr 14
4

Tallinn-Stockholm route with only one Tallink vessel until the end of 2022

By | 2022 Newsletter week 15 | No Comments

Tallink Grupp has decided not to add a second vessel to the Tallinn-Stockholm route in 2022 as originally planned. The route will continue to be operated by the company’s vessel BALTIC QUEEN and the departures from Tallinn and Stockholm will take place every other day.

VICTORIA I, which was due to join BALTIC QUEEN on the route from early June this year, will currently remain suspended in Port of Tallinn once it finishes its current replacement service on the Tallinn-Helsinki route on 21 April.