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Jun 25
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Tallink’s ROMANTIKA To Offer Direct Sailings From Riga To Saaremaa And Åland

By | 2020 Newsletter week 26 | No Comments

 In July, Tallink will operate two special return trips to new destinations directly from Riga, to Åland islands in Finland and Saaremaa island in Estonia.

The sailings will all be operated with ROMANTIKA, which normally operates on the Riga-Stockholm route.

In order to ensure that travellers have plenty of time in each of the destinations to see the sights, enjoy some cycling or to go hiking or fishing, the company has increased the time available to spend at the destinations, with 9 hours available for exploring Åland and 12 hours available for discovering Saaremaa.

Tickets for the Romantika July departures will be available from today, 19 June 2020 on the company’s website www.tallink.lv.

In addition to the special cruises, Tallink will also operate four return trips on the regular route of Riga-Stockhom-Riga for work-only travellers. These trips will depart from Riga on 8, 14, 22 and 28 July 2020.

Jun 25
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Tallink Adds More Departures To Tallinn-Turku Route For Late July And Early August

By | 2020 Newsletter week 26 | No Comments

The new temporary Tallinn-Turku route launched for this summer, has turned out to be so popular that Tallink Grupp has decided to add 6 more departures to this route in late July and early August. BALTIC QUEEN will operate on this route and will operate for a further three weeks between the two cities. In total, 12 return trips will be operated on this route this summer, thus enabling holidaymakers to plan shorter or longer trips to either Estonia or Finland.

Jun 11
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FERRY FINANCE

By | 2020 Newsletter week 24 | No Comments

Tallink Grupp Has Signed Loan Agreement With SA Kredex

AS Tallink Grupp and SA KredEx have signed a working capital loan agreement.

The total amount of the loan limit is EUR 100 million and the loan can be drawn in EUR 10-40 million tranches. The interest rate of the three-year maturity loan is 12-month Euribor +2%.

The loan is secured by mortgages on five vessels ranking after the existing creditors.

Tallink Grupp, May Statistics

In May 2020 AS Tallink Grupp transported 75,511 passengers, which is a 91.2% decrease compared to May 2019.

The number of cargo units decreased by 18.4% to 28,948 units and the number of passenger vehicles decreased by 75.1% to 23,446 units.

Source: Tallink
Jun 04
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Tallink Grupp To Reroute ISABELLE To Operate On The Paldiski-Kapellskär Route

By | 2020 Newsletter week 23 | No Comments

ISABELLE is going to operate on the Paldiski-Kapellskär route from Sunday, 7 June until the end of August.

Currently REGAL STAR operates on the only route currently open between Estonia and Sweden, ensuring a vital transport link.

As demand for cargo capacity and also for passengers with vehicles has increased in recent weeks and in order to ensure that sufficient space is available for social distancing, the company has decided to add ISABELLE.

She will still predominantly transport cargo between the two countries, but will also take passengers with vehicles, who need to travel between the two countries for reasons other than tourism and leisure.

Apr 23
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Collective Redundancies for Tallink Latvija AS Employees

By | 2020 Newsletter week 17 | No Comments

 Tallink Grupp’s subsidiary Tallink Latvija AS has notified the Latvian Employment Agency and the group’s Latvian crew members and shore personnel that it is commencing a collective redundancies process involving around 550 Latvian employees. The process involves both crew members of the group’s Latvian flagged vessels ISABELLE and ROMANTIKA as well as the company’s Latvian shore personnel.

Tallink’s Riga-Stockholm route vessels Isabelle and Romantika have been suspended at the Port of Riga since mid-March due to the ongoing state of emergency and the established travel restrictions and there is currently no information on when the operation of the route is likely to be restored.  As per maritime regulations, both vessels currently have the minimum required level of technical crew onboard, but all other onboard employees have been at home for the last month with reduced salaries, paid by the company.

Press release
Mar 19
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Tallink Grupp

By | 2020 Newsletter week 12 | No Comments

Tallink Grupp stopped selling cruise tickets (return tickets) on the Tallinn-Stockholm route from 13 March until 1 May 2020. Since 13 March 2020 customers can only buy one-way tickets on this route. Cargo transportation will also continue on this route.

Tallink Grupp suspended operations of its Tallinn-Helsinki route vessel SILJA EUROPA from 17 March 2020 due to the measures adopted by the Estonian government regarding border control.

Tallink Grupp has temporarily suspended the operation of its Helsinki-Stockholm route vessels SILJA SERENADE and SILJA SYMPHONY.

Tallink Grupp made changes to the Tallinn-Helsinki route vessels schedule: STAR departures are cancelled until further notice. MEGA STAR and SEA WIND operate as on schedule.

On 17 March, Tallink Grupp in partnership with the Estonian Foreign Office has sent ROMANTIKA to Sassnitz, Germany to bring home Estonians and Latvians currently stuck in Europe due to closed borders. Germans were able to embark in Riga to get back home.

Jan 16
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Tallink’s Vessel ROMANTIKA to be Renewed at Nauta Shipyard

By | 2020 Newsletter week 3 | No Comments

Tallink Grupp’s vessel ROMANTIKA has arrived in the Nauta Shipyard in Gdynia, Poland on 13 January for scheduled maintenance and planned renewal works. The vessel will stay in Nauta shipyard for nearly two weeks, returning to the Riga-Stockholm route on Saturday, 25 January.

During the scheduled docking, several key passenger areas will be renewed considerably and receive a complete overhaul according to the company’s refreshed brand.

The popular ship’s buffet restaurant will be refurbished according to the Grande Buffet concept. Similarily, the ship’s cafe will be renewed in accordance with the Coffee & Co. concept and the ship’s pub will be renovated in keeping with the Seapub concept.

ROMANTIKA will also be prepared for connecting the vessel with the high-voltage shore connection during its port stays in Stockholm.

Sep 06
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FERRY SHIPPING

By | 2019 Newsletter week 36 | No Comments

Tallink Grupp has announced establishing a subsidiary in Singapore this week – Tallink Asia Pte Ltd – which is the group’s first subsidiary in Asia.  The purpose of founding a subsidiary in Singapore is to simplify the development and expansion of the group’s activities in Asia.

Press release
Jul 11
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FERRY FINANCE & FIGURES

By | 2019 Newsletter week 28 | No Comments

Tallink Grupp Has Signed The Loan Agreement For The New LNG Powered Fast Ferry

AS Tallink Grupp’s subsidiary Tallink Superfast Ltd. and KfW IPEX-Bank GmbH have signed the loan agreement in the amount of EUR 197,6 million to finance the new EUR 247 million LNG powered fast ferry currently under construction in Rauma Marine Constructions Oy.

The loan is arranged and long-term financing is provided by KfW IPEX-Bank GmbH. Finnish Export Credit Agency “Finnvera” guarantees 95% of this post-delivery buyer credit.

The loan is secured by the mortgage on the new vessel and the corporate guarantee of AS Tallink Grupp. This OECD-term export credit loan will be drawn on the delivery of the vessel, presumably in the beginning of 2022 and has the final maturity of twelve years from the drawdown.