• 2020 July 2 10:24

    Tallink Grupp makes strategic future investment and purchases ro-pax vessel Sailor

    Tallink Grupp has announced to the stock exchange that it has signed a contract with Navirail OÜ for the purchase of ro-pax vessel MS Sailor.

    The vessel is a ro-pax type cargo ferry, built in 1987 at the Gdansk shipyard in Poland. It is 157m long and 25m wide with a gross tonnage of 20, 921. The vessel has a total of 60 cabins, accommodating 23 crew and 119 passengers. She has 1500 lane meters for ro-ro cargo and pax vehicle transportation on board. The vessel’s speed is about 19 knots.

    The vessel is currently owned by Navirail OÜ, but has until recently been chartered out to shipping company DFDS and has been operating on the Paldiski-Kapellskär route. Originally built in late 1980s for Neste OY, the vessel has previously been owned by Nordö Link and Finnlines and operated until 2015 under the name Finnsailor.

    Commenting on the strategic purchase, Tallink Grupp’s CEO Paavo Nõgene, said:

    „The recent crisis has made it very clear that we need to strengthen our fleet with ro-pax vessels to ensure that whatever happens in the world, we are able to react to any changes fast and have the necessary flexibility within our fleet to scale up either ro-ro cargo or passenger transport as necessary. During the COVID-19 pandemic there was an urgent and great need to secure ro-ro cargo transportation between our home markets and this was mainly done with our passenger ferries, that are geared for operating feasibly if they carry both cargo and passengers. Carrying only ro-ro cargo with a minimum number of passengers with such large passenger ferries is not economically viable and can only be done for a short time with subsidies.

    „For example, at present we have increased cargo capacity on the only Estonia-Sweden route between Paldiski and Kapellsär with our passenger ferry Isabelle.  The vessel predominantly transports cargo only as tourism between Estonia and Sweden is still not recommended due to the Swedish coronavirus situation, which in essence means that we are transporting over 600 empty cabins back and forth between the two countries every day. Operating passenger ferries for cargo transportation alone isn’t cost effective for our business.

    „With the above in mind and with several lessons learned from the recent pandemic, it thus makes perfect sense to diversify and strengthen our fleet for the future.

    „Tallink Grupp ship Management team’s technical experts have carried out a thorough inspection of the ship and determined its excellent condition for our needs. We are confident this is a sound investment for the future for our company and strengthens our existing fleet.“

    The transaction price is EUR 8.5 million.

    The vessel was registered to Tallink Grupp today, 30 June under the Estonian flag in the Cyprus Ship Registry similarly to Tallink Grupp’s other vessels and will be handed over to Tallink Grupp in Paldiski on 9 July 2020. The company will make decisions and announce the vessel’s route and schedules in the near future.

    AS Tallink Grupp is one of the leading providers of passenger transport and cargo transport services in the northern part of the Baltic Sea region. The company owns 14 vessels and operates seven ferry routes under the brand names of Tallink and Silja Line. AS Tallink Grupp employs over 7,000 people in Estonia, Finland, Sweden, Latvia, Russia and Germany. In 2019, Tallink Grupp provided services to 9.8 million travellers and transported approximately 380,000 freight units of goods. The shares of Tallink Grupp are listed on the Tallinn Stock Exchange and Nasdaq Helsinki Stock Exchange.




2020 August 13

08:26 ME-GI engine sails through sea trials

2020 August 12

18:57 Risavika LNG index for September up by 8.9 % week on week
18:27 Andreas Rieckhof new Chairman of Hamburg Messe und Congress GmbH Supervisory Board
18:08 At the three Hamburg container terminals throughput volume down 12.0 % in H1 2020
18:07 Sri Lanka Ports Authority assures safe handling of dangerous cargo under UN regulations
17:47 Rosmorport’s Azov-Black Sea branch adds TSHD Sommers to its fleet
17:43 Boluda Towage Europe takes on two new tugs from Damen Shipyards Group
16:49 Investors set to inject in excess of RUB 19 bn in federal port infrastructure facilities development
15:44 MoD eyes placing more orders for the Steregushchiy class corvettes with Amur Shipyard
15:17 Joint R&D Starts for Use of Ammonia in Marine Transportation to Reduce GHG Emissions
14:47 CMA CGM announces PSS from Asia to North Europe
14:21 MST wins contract for building 19m high-speed patrol craft duo for the Royal Navy
14:03 MOL issues an update on the Capesize bulker "Wakashio" aground off Mauritius
13:20 Port of Kiel constructs the new port apron
12:01 THE Alliance announces COVID-19 response measures for September 2020
11:57 Northern Sea Shipping acquires the MV Siyaniye Severa
10:36 LNG vessel completes 10,000th Neopanamax transit at the Panama Canal
10:02 Crude futures prices continue upward trend
09:32 Baltic Dry Index as of Aug 11
09:00 MABUX: Bunker market this morning, Aug 12

2020 August 11

18:07 Saigon Newport chooses Kalmar Essential Terminal Tractor for Cat Lai Terminal
17:43 Global Industry Alliance developes Just In Time Arrival Guide
17:36 Maersk Tankers hires Eva Birgitte Bisgaard as its new Chief Commercial Officer
17:00 CMA CGM announces PSS from Asia to North Europe
16:35 NORDEN adds 2 vessels to the existing newbuilding contract with NACKS
16:22 Murmansk Sea Fishing Port’s handled volumes in Jan-Jul dropped 12.7%
15:34 PETRONAS Research joins FASTsubsea’s subsea pump development
15:18 SCF Group's Igor Tonkovidov: Shipowners’ ability to compete with each other will be increasingly determined by their readiness to adopt advanced technologies
14:03 Houlder wins contract for Isle of Man Steam Packet Company’s new purpose-built vessel
13:39 IMO assists in MV Wakashio oil spill response
13:11 Cameron LNG Train 3 begins commercial operation
12:56 Seven-month crude exports via CPC Marine Terminal fell 1.4%
12:29 Port of St. Peterburg Captain releases new allowable drafts in Greater Port St.Petersburg basin
12:05 The Standard Club issues Guidelines for the use of electronic record books (ERBs) under MARPOL
11:08 Port of Ust-Luga based Multipurpose Reloading Complex steps up its efforts to protect the environment
11:04 Transhipment in North Sea Canal ports down by more than 10 percent due to coronavirus crisis
10:31 CSP Abu Dhabi Terminal launches new direct services to Europe and Indian Subcontinent
10:15 MABUX: Bunker market this morning, Aug 11
09:54 Crude futures prices extend upward trend
09:33 Baltic Dry Index as of Aug 10
09:08 Average spot market price for Russian M100 product soars to 11,582 rub/mt

2020 August 10

17:20 HMM joins forces with CMA CGM on TTI Algeciras operation
17:19 Commercial Port of Vladivostok's seven-month container volumes rose 8.1%
17:12 APM Terminals to acquire ALC´s container terminal in Aarhus
17:06 IMO sets remote meeting plan for September-December 2020
16:57 Capesize bulker “Wakashio” aground off Mauritius
16:47 Freight traffic at Russian seaports in Jan-Jul fell 2.1%
15:58 Seven-month coal throughput at Port Vysotsky falls 7.5%
14:27 Vostochnaya Verf launches Grachonok-class anti-saboteur boat (Project 21980) for Pacific Fleet
13:28 ONEGO Shipyard launches a self-propelled hopper barge "Morskaya"
13:22 IMO report on GHG finds a decoupling between trade and emissions in shipping
12:20 Anders Opedal taking over as president and CEO of Equinor from 2 November 2020
10:21 Diana Shipping announces time charter contract for m/v Melia with Ausca
10:17 Containerships and APM Terminals Gijon form eco-friendly intermodal solution connecting Spain, UK and Ireland
09:31 Crude futures prices take upward trend
09:06 Baltic Dry Index as of Aug 7
08:58 MABUX: Bunker market this morning, Aug10

2020 August 9

16:21 MPA launches six next-generation patrol craft to grow its frontline capabilities
15:35 Fincantieri Bay Shipbuilding prepares for Navy frigate work
14:03 NCLH reports Q2, 2020 financial results