Tallink Grupp Shares

By | 2021 Newsletter week 33 | No Comments

The public offering of Tallink Grupp shares commenced on August 18.

Both the company’s approximately 30,000 existing shareholders as well as new investors are able to subscribe to the company’s shares until 1 September 2021 (included).

The public offering of the new shares is carried out simultaneously in Estonia and Finland on the basis of the prospectus approved by the Estonian Financial Supervision and Resolution Authority. The approved prospectus has been published on Tallink Grupp’s website.

Destination Gotland Gets New CEO

By | 2021 Newsletter week 3 | No Comments

Marcus Risberg (left picture), Managing Director for Swedish subsidiary Tallink Silja AB leaves Tallink Grupp to take up a new position as CEO of Destination Gotland.

Mr Risberg will replace Christer Bruzelius, who retires after 9 successful years.

Tallink Grupp announced that Mr Ats Joorits (right picture) will take up the position from 15 March 2021.

TECHNOLOGY

By | 2020 Newsletter week 43 | No Comments

Modern Batteries Meet Veteran Ferry

Batteries have been installed on WASA EXPRESS (1981, ex TRAVEMÜNDE, SALLY STAR…). In a black out they can supply energy to the most important pumps on board. This means that WASA EXPRESS now can sail with only one generator, instead of two.

Wasa Express is probably the first passenger ferry in the world where such a back-up solution for critical pumps has been installed. The solution designed by the innovation company eMarine Engineering Nordic Ab means that Wasa Express saves 25 tonnes of fuel (approx. 80 tonnes of CO2) per month.

IN THE MEDIA

By | 2020 Newsletter week 43 | No Comments

Tallink CEO: Tallink Alone Can Not Subsidize Estonian Export

Entrepreneurs are blaming Tallink for a sudden hike in export prices and have said they deal a blow to industries across Estonia. Tallink Group CEO Paavo Nõgene said the price increase is temporary and due to travel restrictions as the shipping line has to stay afloat.

Viking Line’s CEO: “All Ships Are for Sale if the Price is Right”

By | 2020 Newsletter week 38 | No Comments

The pandemic-related financial problems of shipping companies may lead to the sale of ferries and the permanent deterioration of Finland’s maritime connections.

Viking Line’s CEO Jan Hanses talks about overcapacity in the Baltic and Viking Line’s attempt to sell ferries (with interest from the Med).

Government communications receive harsh criticism from Tallink’s CEO Margus Schults. “The messy communication about the restrictions has been going on the whole summer. People do not dare to travel, even if it would be allowed and safe.”

IN THE MEDIA

By | 2020 Newsletter week 35 | No Comments

Tallink CEO: Finland Quarantine on Estonians Would Knock Out Tourist Sector

The coronavirus infection rate in Estonia increasing to a point where Finland would impose a quarantine requirement would be the worst possible scenario for Estonian tourism, CEO of Tallink Grupp Paavo Nõgene told ERR on Monday.