• 2021 April 30 12:59

    Supervisory Board of Tallink Grupp extends Management Board members’ term of office

    Tallink Grupp has announced to the stock exchange that the group’s Supervisory Board has made the decision to extend the term of office of the company’s Chief Executive Officer Paavo Nõgene by a further three years and the term of office of Management Board Member Lembit Kitter until the end of 2021. At the same time, the Supervisory Board has appointed Margus Schults, the CEO of Tallink Grupp’s Finnish subsidiary Tallink Silja Oy, as the new and additional member to the company’s Management Board.

    Margus Schults joined Tallink Grupp in 2008 as a senior advisor and, since 2009, he has held the position of Chief Executive Officer of the group’s Finnish subsidiary Tallink Silja Oy. Before joining Tallink Grupp, Mr Schults worked at SEB between 1994 – 2008 as the Management Board Member of SEB Estonia, as the Head of Human Resources of SEB Eastern Europe, and, ultimately, as the Head of Human Resources and Financial Planning at SEB Group. Margus Schults is a member of the Main Council of the Helsinki region Chamber of Commerce, Deputy Chairman of Finnish-Estonian Trade Association, Member of the Board of the Finnish Ship-owners’ Association, Member of the Supervisory Board of WWF Finland (World Wildlife Fund). Mr Schults holds a PhD degree in Technology, Electronics from the Tallinn Technical University (TalTech).

    „The Finnish market has always been and continues to be one of the key markets for Tallink Grupp.  In the near future, as we plan and restore our operations following the global crisis, it is vital for us that the in-depth knowledge, experience and strong contacts of this key market would be present directly at the decision-making table on the Board level. Margus Schults is an experienced and seasoned leader with decades of experience in the Nordic finance sector as well as the maritime sector, who has extensive knowledge of our business, all the different nuances of one of our key markets and a wide network of contacts in that key market. All of this will be of crucial importance to us as we restart our operations after the crisis,“ Enn Pant, Chairman of the Supervisory Board of Tallink Grupp said.  

    The term of office of Margus Schults as a Member of the Management Board of AS Tallink Grupp starts today, 29 April 2021. In addition to his responsibilities as a Management Board member, Mr Schults also maintains his responsibilities as the CEO of Tallink Silja Oy.

    The term of office of Tallink Grupp Management Board Member Lembit Kitter has been extended until the end of 2021.   

    Commenting on the extension of the term of office of Paavo Nõgene, Enn Pant said:   
    „The term of office of Paavo Nõgene as the CEO of Tallink Grupp can roughly be divided into two – a year and a half of so-called „peace-time“, when the company developed, expanded and made ambitious future plans under Paavo’s leadership, followed by a year and a half of a proper survival course.   I must say that I am grateful to my intuition slightly more than three years ago, which forced be to pick up the phone all those years ago and to ask Paavo to come and lead the company, because it is largely down to his work ethic, determination and leadership skills, in addition to the contribution and dedication of the company’s thousands of employees, that the company is where it is today. The Management Board of Tallink Grupp has a clear vision regarding how to bring the company with strategic importance to Estonia out of this global health and economic crisis in the coming years, and the decisions they have made and implemented during the last year have given the company’s Supervisory Board confidence to trust Paavo and his team with leading Tallink Grupp for the years ahead.“

    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 15 vessels and operates a number of ferry routes on the Baltic Sea under the brand names of Tallink and Silja Line. AS Tallink Grupp employs around 4000 people in Estonia, Finland, Sweden, Latvia, Russia and Germany. In 2020, the year of the global COVID-19 pandemic, Tallink Grupp provided services to 3.7 million travellers and transported nearly 360 000 units of cargo. The shares of Tallink Grupp are listed on the Tallinn Stock Exchange and Nasdaq Helsinki Stock Exchange.

2021 June 12

16:09 Fred. Olsen Cruise Lines unveils brand new sailings aboard new ships Bolette and Borealis in 2022
14:21 "Blowdown" to reduce risk and raise decommissioning progress
13:42 Roambee announces a strategic investment from and partnership with PSA unboXed
13:19 Belfast Harbour awards £25,000 to community projects
12:41 Maurice GEORGES named as new Chair of the Executive Board of Dunkerque-Port
11:38 AIDA Cruises resumes holiday voyages from July 29, 2021
10:52 OptiLink: A digital revolution in ballast water management

2021 June 11

18:07 LNG consumption as a marine fuel has almost doubled in 2020
17:31 Hapag-Lloyd to provide full transparency on vessel arrivals
17:09 MOL joins international think tank and accelerate development for carbon capture, utilization and storage
16:58 GTT obtains tank design order for two new LNG carriers from Samsung Heavy Industries
16:52 Shipping industry welcomes Nigeria’s creation of ‘Deep Blue’ to stamp out piracy in the Gulf of Guinea
16:24 Stena Line will move its Europoort-Killingholme service to Immingham
16:00 Yantar shipyard to build rescue ship of Project MPSV06M for Marine Recue Service
15:36 Sea Port of Saint-Petersburg hosts introductory practical training for students
15:13 The Port of Rotterdam Authority, Customs, Fresh Produce Centre and Portbase join forces to facilitate the growth market of refrigerated products
14:25 Seanergy takes delivery of two Capesize vessels with prompt commencement of period charters
13:51 Total throughput at the ports of Bremen increases once again during Q1 4 June 2021
13:32 Roman Gorgutsa appointed as General Director of Morstroytechnology
13:28 Mitsui E&S Machinery and 22 industry players kick off studying ammonia as an alternative marine fuel
13:04 MOL and ACSL use flying drone to conduct autonomous inspection of vessel holds under non GNSS and dark environment
12:49 Port of Los Angeles becames the first port in the Western Hemisphere to process 10 million container units in a 12‑month period
12:38 Oboronlogistics receives RS certificate on safety management of cargo ship Sparta
12:14 CNES and CMA CGM sign unique partnership agreement to spawn innovative solutions for shipping, logistics and the space industry
12:01 APM Terminals continues roll-out of digital export processing at Russian terminals
11:57 Russian Railways: Loading of export cargo bound for domestic ports grew by 8% in 5M’21
11:34 RS and GTT sign new cooperation agreement
11:33 Xeneta selects CLIVE Data Services’ ‘dynamic loadfactor’ data and analyses to deliver complete air cargo market intelligence
11:11 Stagnation in R&D investment creating unacceptable risk for industry zero emissions future - ICS
10:50 Throughput of port Riga (Latvia) in 5M’2021 dropped by 15.1%
10:29 Rosneft agrees heads of terms to sell a stake in the Vostok Oil Project to a consortium of Vitol and Mercantile & Maritime
10:08 DRAX and Mitsubishi Heavy Industries sign pioneering deal towards delivery of the world’s largest negative emissions project
09:52 Throughput of Russian seaports in 5M’2021 fell by 2.7% Y-o-Y
09:40 Oil prices continue decreasing
09:23 Baltic Dry Index as of June 10
09:16 MABUX: Global bunker prices may rise slightly on June 11.
09:04 The port of Rotterdam Authority intends to build brand new port information centre
08:02 Rolls-Royce to showcase future South Korean naval power and propulsion

2021 June 10

18:45 Equinor sells its refining business in Denmark to Klesch
18:25 Rolls-Royce builds new fuel cell demonstrator to ensure electricity supplies
18:05 DNV predicts that marine finfish production in deeper waters offshore will take a 13% market share in 2050
18:00 Comprehensive programme on development of Yamal resource potential to be developed by October 2021
17:51 Contract awards for PSVs in UK
17:50 BC Ferries' fourth Island Class ferry departs Romania on Transatlantic voyage bound for B.C.
17:35 Pilbara Ports Authority posts results for May 2021
17:09 Ministry of Industry and Trade renews import substitution programme with a focus on production of components
17:00 MABUX: Bunker Weekly Outlook, Week 23, 2021
16:45 P&O Ferrymasters builds new 10,000m2 warehouse at Genk to offer port-centric logistics solutions
16:35 Kalmar enters into Strategic Cooperation with Sichuan Port and Shipping Investment Group in China
16:15 Fincantieri to provide 8 vessels to Indonesia
15:52 Adriatic Gate terminal marks 10th year with 2M TEU milestone
15:31 Fincantieri to support Daewoo in the design of the new Korean aircraft carriers
15:13 Construction kicks off on world’s first zero-emission fast ferry
14:55 RF Navy’s Pacific Fleet conducts operational exercise in the central Pacific
14:09 5th Annual Capital Link Cyprus Shipping Forum to be held on June 17, 2021
13:32 Rosmorport pilots perform test pilotage operation for a vessel with extended dimensions
12:53 SCF’s stock market debut commended by Marine Money
12:31 Wärtsilä’s Sea traffic management system increases safety and efficiency of shipping on Croatian waters
12:24 Multipurpose Reloading Complex boosts expenses for implementation of its environmental programme
12:01 ABS publishes detailed U.S Offshore Wind Insight