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Tag: Tallink | Page 3 | Ferry Shipping News

Sep 17
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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.”

Source: Talouselama (Finnish)
Aug 27
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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.

Source: ERR
Aug 06
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Tallink July 2020 Statistics Show Recovery

By | 2020 Newsletter week 32 | No Comments

Tallink transported a total of 617,206 passengers in July. That is half of last year’s July, but more than double of June 2020.

The number of cargo units transported on all the company’s vessels in July 2020 decreased by 2.9% and amounted to 29,108 cargo units.

The greatest reductions in the number of cargo units transported have been on the Latvia-Sweden and Estonia-Sweden routes.

On the Estonia-Finland and Finland-Sweden routes cargo transportation, however, actually increased in July compared to July 2019, 2.4% and 7.1% respectively.

The total number of passenger vehicles transported in July this year also decreased: 118,167 vehicles (155,297 in July 2019).

Normal route operations, comparable at least to some extent to previous years, continued only on Tallinn-Helsinki, Muuga-Vuosaari, Paldiski-Kapellskär and Turku-Stockholm routes.

Tallinn-Stockholm and Helsinki-Stockholm routes were and currently still are suspended completely and the Riga-Stockholm route only operated four limited capacity special trips during the month.

At the same time, the company operated a number of new temporary routes and several additional special cruises during the month, which helped recover passenger numbers at least to some extent. New temporary routes such as Helsinki-Riga, Turku-Tallinn, Stockholm-Visby, a number of special cruises from Tallinn via Helsinki to Aland and one special cruise from Helsinki to Saaremaa, all proved popular with the customers and have enabled travellers around the Baltic sea to travel safely close to home this summer.

May 14
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Tallink Grupp To Get State Loan Up To EUR 100 Million

By | 2020 Newsletter week 20 | No Comments

The Government of the Republic of Estonia today approved the terms of a working capital loan to AS Tallink Grupp. The total amount of the loan limit is EUR 100 million and the loan can be issued in EUR 10-40 million tranches. The interest rate of the three-year maturity loan is 12-month Euribor +2%. The loan must be secured with the assets of the Company’s consolidation group and will be issued by SA KredEx.

The loan still needs to be approved by the Kredex Supervisory Board. This expected on Friday 15 May.

 

Tallink Grupp’s Q1 Shows A Deteriorated Overall Outcome – Freight Is Up

  • Unaudited consolidated revenue EUR 154.9 million (-13.4%)
  • Net loss EUR 30.2 million
  • Unaudited EBITDA EUR -1.3 million (3.8 million in Q1 2019).

The first two months of the year had set the company on a positive trajectory for the year with passenger numbers up in both January and February, by 12.4% and 8% respectively. However, as a state of emergency was declared in Estonia, Latvia and Finland due to the global coronavirus pandemic in mid-March and the company’s home market governments closed borders to stop the spread of the virus, the passenger numbers fell sharply by 59.3% in March and have reduced by 95.9% in April.

Mar 26
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Tallink

By | 2020 Newsletter week 13 | No Comments

Tallink (1)

Tallink Grupp has been commissioned by the Estonian Ministry of Economics and Communication to operate the group’s vessel STAR on the Paldiski-Sassnitz route. The route has been commissioned to ensure continuing movement of goods between the Baltics and the Nordics and Western Europe during the coronavirus situation.

The new schedule is effective from 27 March until 18 April 2020.

The vessel’s cargo capacity is 100 lorries and 10 passenger vehicles. If there are less lorries, more passenger vehicles may be taken on board. Passengers without vehicles will not be allowed on board. Food and medical supplies transport will be prioritised during the booking process.
Accommodation for all passengers will be provided in cabins.

Tallink (2)

Tallink is rerouting its vessels BALTIC PRINCESS and GALAXY back to the Turku-Stockholm route, via Långnäs in Aland. The rerouting is vital to ensure maritime transport of supplies and goods between Finland and Sweden continues as normal during the current coronavirus situation.

Tallink (3)

Members of the Tallink Grupp Supervisory Board Enn Pant, Ain Hanschmidt, Kalev Järvelill, Toivo Ninnas, Eve Pant and Raino Paron have this week unanimously decided to waive their Supervisory Board remuneration. According to the initial decision, the remuneration has been waived by the Board members for the next three months.

Commenting on the decision, Mr Enn Pant, Chairman of the Supervisory Board said:

“In the current economic crisis resulting from the coronavirus outbreak, which the whole world is faced with and in which everyone is looking for solutions to ensure survival and sustainability of operations, waiving the remuneration is the least the Supervisory Board members can currently do and it is the most logical step.