• 2017 November 13 17:27

    Tallink Grupp makes 45.4m net profit in first nine months of 2017

    Tallink Grupp has announced its unaudited financial results for the third quarter and first nine months of 2017. 

    According to the Group’s unaudited 9-month interim statement, the Group has earned a EUR 45.4 million net profit in the first nine months, which is a 4.8 million euro (11.9%) increase on the same period last year. The Group’s unaudited revenue for the nine months increased by 3.2% to 734.1 million euros compared to the same period in 2016. The unaudited EBITDA also increased in the nine months compared to the same period in 2016 by almost 10 million euros and amounted to 129.5 million euros.

    Commenting on the results, Tallink Grupp’s Finance Director Veiko Haavapuu said: 
    „These are positive results for Tallink Grupp demonstrating a steady performance in a competitive market. There have been several factors influencing the financial result of the first nine months of 2017, such as the new LNG fast ferry Megastar starting to operate on the Tallinn-Helsinki route, the scheduled maintenance of five cruise ferries in the first quarter of 2017, a rise in carriage capacity on several Tallink Grupp operated routes after the rerouting of vessels in December 2016 and increased competition in the maritime traffic between Estonia and Finland, which has put pressure on ticket prices, to name but a few.”

    „Despite the competitive market, Tallink Grupp has seen a steady increase in overall passenger numbers and positive growth in cargo transportation from all operated routes. The strongest quarter in 2017 has been the third quarter, which is not surprising as it includes the tourism high season of July and August and follows the same pattern year on year. The third quarter of 2017, however, has been particularly positive as we reached a new monthly passenger record in July and the passenger figure for the whole third quarter saw an increase of 2%, which has also had a positive impact on the financial results for the quarter,“ Haavapuu added.

    In the third quarter of 2017, the Group’s unaudited net profit was EUR 47.8 million, 11.7% higher than in the same period in 2016. Third-quarter EBITDA increased by EUR 8.3 million to EUR 75.4 million. The Group’s third quarter growth was driven by a higher number of passengers and transported cargo units, attributable to increased capacity, and more optimal operating costs resulting from three vessels on the Tallinn – Helsinki route. On the other hand, the result was also impacted by a year-on-year rise in fuel costs. 

    In the third-quarter of 2017, the revenues from all core operational segments increased compared to the third quarter last year.  For example, the shops and restaurant revenue increased by EUR 3 million and ticket revenue by EUR 1.2 million, which was supported by the 2% increase in passenger numbers. The third-quarter cargo revenue increased by EUR 3.5 million (13.9%)  compared to same period last year, which is attributable to the increase in the number of transported cargo units in all geographical segments.

    „Our cargo transportation figures have seen the strongest growth among all our operational segments not only in the third quarter of 2017, but in the first nine months of the year as a whole with a EUR 10.1 million (13.1%) increase in revenue compared to the first nine months of 2016. This growth is strong testament to our continuous efforts to offer a flexible, affordable and efficient cargo service on all the different routes we operate.“ Haavapuu concluded. 

    AS Tallink Grupp is the leading passenger and cargo transportation service provider in the Northern region of the Baltic Sea. The company owns 16 vessels and operates under the brands of Tallink and Silja Line on 6 different routes. AS Tallink Grupp employs 7,000 people in the region and over 9.5 million passengers travelled on its ferries in 2016.




2018 January 16

18:21 Kommer Damen opens Damen Area Support China
18:08 DNV GL approves latest Kongsberg Digital Engine Room Simulators
17:49 Russian Railways: Loading of Russia’s export cargo bound for domestic ports up 6.4% Y-o-Y to 293.4 mln t in 2017
17:26 State stevedores of Ukraine handled 34.73 mln t of cargo in 2017, down 9.6% Y-o-Y
17:00 Andrey Lavrishchev’s report at Hydraulic Engineering Structures and Dredging Congress will focus on promising port projects
16:35 Installation of Belgian topside for offshore substation marks milestone in further construction of Merkur Offshore Wind Farm
16:04 Maersk Line announces increase in FAK rates from Northern Europe to Middle East and ISC and from Mediterranean to Far East
15:52 Jotun Paints congratulates North-Western Shipping Company on its 95th anniversary!
15:34 DNV GL launches new JDP to test biodegradable lubricants
15:04 TTS Group ASA secures contract with Cosco (Dalian) Shipyard for TTS cranes
14:45 New Delhi will host 5th edition of Oil Spill India Conference on 5-6 July 2018
14:29 Norwegian Control Systems delivers automation and bridge control systems to five Fjord1 ferries
14:10 Port Mechel Temryuk hanlded 1.5 mln t of cargo in 2017, up 6% Y-o-Y (photo)
13:37 Russia's crude exports in 2017 rise 7%, year-on-year, to 256.718 million tonnes
13:13 Turnover of DeloPorts’ terminals in 2017 up 28% Y-o-Y to 7.7 mln t
12:49 NSR cargo traffic in 2017 included 9.73 mln t carried by seagoing vessels and 797,190 t carried by river ships
12:28 Singapore will host 22nd HR & Crew Management Conference on 16-17 May, 2018
11:56 Three vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on Jan 15-16
11:34 Bunker prices are flat at the Far East ports of Russia (graph)
11:11 Coal exports from Russia rose 4% to 185.136 million tonnes in 2017
10:50 Oceanographic vessel Admiral Vladimirsky starts research in Indian Ocean
10:25 Brent Crude futures price down 0.4% to $69.98, Light Sweet Crude – up 0.31% to $64.5
10:07 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
09:42 Cargo turnover at inland water ways of Azov-Don Basin down 4.9% to 9.796 mln t in 2017
09:19 Baltic Dry Index down to 1,264 points
09:07 Vroon’s VOS Stone mobilised with Ampelmann A400 gangway system
08:37 MMC First Process involved in the world’s first wellboat simulator
07:03 Crowley announces plans to build new 100,000-barrel Alaska Class ATB

2018 January 15

18:06 The largest hydraulic crane in the world at Vuosaari Harbour
17:29 Port of Tallinn offers Video Guides for car and truck drivers
17:06 Number of sea-going vessels entered the port of Rotterdam up to 29,646 in 2017
16:47 Construction begins on “Crystal Endeavor” at MV WERFTEN
16:43 Throughput of port Taganrog up 29.8% 3,067,100 t in 2017
16:35 QuantiServ introduces robotised laser technology that drastically increases the lifespan of 2-stroke engine pistons
16:16 Ice navigation restrictions at port Vysotsk (Leningrad Region) come into effect from January 29
15:51 Yevgeny Savkin appointed as Director General of Commercial Sea Port of Ust-Luga (photo)
15:27 Three vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on Jan 14-15
15:04 Port of Kiel throughput up 14.3% to 7,407.376 tons in 2017
14:30 Grain transshipment via Russian ports showed highest growth in 2017 among other cargoes, followed by coal and coke
14:02 Crossing of 278 vessel the Suez Canal of tonnage 16.9 million ton during 6 days
13:48 Dry cargo carrier of Project 964, Kalevala, converted for grain transportation (photo)
13:23 Average wholesale prices for М-100 HFO down to RUB 13,037 in RF spot market
13:02 MOL announces full acquisition and name change of Azalea Maritime B.V.
12:41 Egyptian Government targets 5.7 milliard dollars Suez Canal revenues by end of fiscal year
12:05 Adani inaugurates two Royal IHC Beagle TSHDs
11:57 ZIM appoints a Chief Digital Officer
11:39 Change in communications leadership at Hamburg Süd
11:00 Ships of RF Navy's Baltic Fleet return from distant cruise
10:23 Zelenodolsk A. Gorky Shipyard lays down yet another 22160-series patrol boat of Project 22160 (photo)
09:57 Brent Crude futures price up 0.03% to $69.89, Light Sweet Crude – up 0.28% to $64.48
09:15 Baltic Dry Index down to 1,279 points

2018 January 14

12:26 Hapag-Lloyd announces GRI from East Asia to Caribbean, East Coast Central America, Panama, Mexico Gulf & Progreso
12:24 Hapag-Lloyd implements GRI from East Asia to USA and Canada
12:22 Wallenius Wilhelmsen Logistics receives a Biosecurity Certificate of Commendation from Australian government agency
12:19 Luka Koper volumes up 6 % in 2017

2018 January 13

20:16 Port of Long Beach releases rail facility study
20:15 Royal IHC launches the multi-purpose 5,450m3 trailing suction hopper dredger
20:12 Record fall in container volumes at the Port of Gothenburg
20:10 New bulk cargo terminal MOU announced in Poti, Georgia

2018 January 12

18:26 Latest expansion begins at Port of Felixstowe