• 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 October 23

18:01 Sea trials of SMK-2187, modular search-and-rescue boat of Project 23370М, completed in Kamchatka
17:29 Stevedoring division of UCL Holding handled 27.2 million tonnes of cargo in 9M’18
17:00 Throughput of Chinese ports grew by 4.3% to 6.92 billion tonnes in 9M’18
16:05 MPC Maritime acquires three Panamax-sized container vessels
15:22 Pirate attack averted off the east coast of Somalia
15:03 WinGD set to increase technical capacity through new Engineering Centre in Shanghai
14:57 KfW IPEX-Bank and Commerzbank finance third expedition ship for Hapag-Lloyd Cruises
14:15 Crowley christens Commitment Class combination container/roll on-roll off ship
13:40 Port of Immingham is home to award-winning rooftop solar array
13:14 Verifavia Shipping signs cooperations with two major global ship managers
12:26 Bunker prices are flat in the Far East ports of Russia (graph)
12:01 OOCL introduces new Asia – West Africa direct services
11:42 RS class: new supertanker successfully performed ship-to-ship LNG bunkering
11:24 DP World reports 3.7% gross like - for - like volume growth in 9m 2018
10:59 Woodside signs cooperation agreement with ENN
10:35 INPEX-operated Ichthys LNG Project commences LNG shipment
09:58 Brent Crude futures price down 0.38% to $79.53, Light Sweet Crude – down 0.27% to $69.17
09:24 IMO approves a programme of actions to deliver the initial strategy on reducing greenhouse gas emissions from ships.
09:17 Baltic Dry Index is up to 1,579 points
07:14 GTT receives a new order from DSME for the tank design of an LNG carrier

2018 October 22

18:33 Rolls-Royce and Sunseeker agree new framework agreement for supply of MTU engines
18:32 OOCL introduces new Mediterranean and West Africa direct service
18:29 Rotterdam expects record 50,000-tonne shipment of pig iron
18:01 Arctic Council meeting of Environment Ministers ends with talks about future cooperation
17:39 IMO's Marine Environment Protection Committee meets
17:16 Glavgosexpertiza approves modernization of onshore facilities in Salekhard
16:22 Humber International Enterprise Park plans reshaped after public feedback
15:34 Nornickel’s Polar Transportation Division carried 2.4 million tonnes of cargo in navigation season 2018
15:10 ESPO congratulates Port of Valencia, Ports of Bremen, Port of Moerdijk and Port of Tangier for renewing Ecoports’ Environmental Standard
14:17 Sovcomflot named a finalist in four different categories of 2018 Lloyd’s List Global Awards
13:55 Onezhsky Shipyard delivered ice-class buoy tender named Fortuna
13:23 Pavilion Energy and BW ink deal for long-term charter of two Singapore-flagged LNG newbuilds
12:58 Average wholesale prices for М-100 HFO down to RUB 21,455 in RF spot market
12:36 LUKOIL BoD recommends interim dividend amount
12:13 Bunker sales at the port of Singapore in 9M’18 down 1.5% Y-o-Y to 37.46 million tonnes
11:51 Power of gender diversity on the agenda at Seatrade Maritime Middle East
11:32 Container throughput of port Hong Kong (China) down 5.6% to 14.69 million TEUs in Jan-Sep’18
11:09 Abu Dhabi Ports collaborates with MSC Mediterranean Shipping Company on international blockchain solution Silsal
10:50 Port of Singapore throughput in 9M’18 grew by 0.9% Y-o-Y to 470.49 million tonnes
10:28 Brent Crude futures price up 0.69% to $80.34, Light Sweet Crude – up 0.68% to $69.76
10:09 NYK PCTC receives special award from the Association for Rescue at Sea
09:47 STLC to obtain additional RUB 5.9 billion of federal subsidies in 2018
09:15 Baltic Dry Index is up to 1,765 points
09:06 ABS awards AIP to HHI’s standardized FPSO topside
08:08 DP World, UAE Region wins Terminal Operator of the Year at Maritime Standards Awards
06:22 ABS awards AIP to HHI’s deepwater FLNG hull

2018 October 21

08:54 20,000 TEU COSCO SHIPPING Sagittarius named in Shanghai
08:50 CFO Paul Smits leaves the Port of Rotterdam Authority
07:52 COSCO SHIPPING starts shipment of Toyota exhibits

2018 October 20

08:47 Boskalis, Van Hattum en Blankevoort and Mobilis construct deep-sea quay for the new HES Hartel Tank Terminal at Maasvlakte
08:10 Navios Partners announce filing of F - 1 for direct listing of Navios Containers
08:06 Maersk Line increases FAK rates for Northern Europe to Middle East and ISC trade
08:04 U.S. Navy contracts Austal to order materials for EPF 13
07:44 EU Commission launches the European Network of U-space Demonstrators

2018 October 19

18:42 ABN AMRO, Samsung SDS and the Port of Rotterdam Authority launch container logistics blockchain pilot
18:07 Stena Line's battery hybrid vessel completes its first month of operation
17:56 ABN AMRO, Samsung SDS and Port of Rotterdam Authority launch container logistics blockchain pilot
17:35 Port of Gdansk participated in the CILF 2018 fair in China
17:11 Gdansk pays a visit to Singapore
16:57 Testbed established for Internet of Ships Open Platform