• 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 July 19

17:55 NIBULON launched second T3500 Project tug
17:32 IMO supports spill preparedness in the Northwest Pacific
17:10 ABB turbochargers support optimal performance and fuel efficiency for one of the world’s largest container ships
16:48 Escort vessel Yaroslav Mudriy of RF Navy’s Baltic Fleet leaves port of Cyprus
16:21 Ocean Alliance - CMA CGM to reshuffle its CIMEX 6 service
15:59 Blagoveshchensk shipyard launched hydrographic vessel Aleksandr Rogotsky built for RF Navy’s Pacific Fleet
15:26 Austal USA opens new San Diego operations office
15:04 MABUX says high volatility remains in global bunker market
14:45 Port of Klaipeda (Lithuania) handled 22.2 million tonnes of cargo in 6M'18, up 7.6% Y-o-Y
14:27 FSB Border Service explains its position as regards vessels owned by foreign entities and used by Russian fishermen
14:09 New CMA CGM's FAK rates from Asia to North Europe
14:02 The PORT OF KIEL invests in cargo handling and environmental technology
13:43 Season of icebreaker assistance in water area of port Sabetta is over from July 20
13:28 Coast Guard offloads approximately 8.5 tons of cocaine
13:04 CMA CGM: FAK rates from Asia to the Mediterranean
12:55 NOVATEK shipped first LNG cargos to China
12:36 ILCA, Port of Amsterdam to host Chem Together meeting, Sept. 11
12:10 Fuel oil prices are flat at the Far East ports of Russia (graph)
11:42 State Duma approves Russian ships’ multiple crossings of State Border through notification procedure
11:19 CMA CGM to apply FAK rates for Asia-North Africa trades
10:54 Canada’s Davie Shipbuilding delivered first LNG-powered ferry to be built in North America
10:35 NYK establishes logistics JV for finished cars using automobile freight trains in India
10:03 New Port of Hamburg “Connection Compass 2018/19” has arrived
09:46 Brent Crude futures price down 0.18% to $72.77, Light Sweet Crude – down 0.12% to $67.67
09:14 Baltic Dry Index up to 1,688 points

2018 July 18

18:31 Naval Group posts H1 2018 performance results
18:00 BC Ferries announces sponsorship of the Nicholas Sonntag Marine Education Centre
17:36 DP World announces closing of Continental Warehousing Corporation (India) transaction
17:12 Marine Technics to participate in International Far East Maritime Show-2018
16:44 Oleg Bukin elected as Chairman of Tuapse Commercial Seaport BoD
16:23 Transocean and Chevron Australia ink 11-well contract
15:45 Stena Bulk positions itself in crude oil
15:19 Transocean announces 13-well contract for Transocean 712
14:57 AGCS issued Safety & Shipping Review 2018
14:43 Scandlines Helsingborg-Helsingör kicks off the holiday traffic season without delay
14:18 Intermarine UK promotes Portland Port to Government minister
14:00 Szczecin to become the capital of Baltic seaports in September
13:31 OHT to order ULSTEIN-designed heavy lift transport and installation vessel
12:59 Ports of Szczecin and Świnoujście announce 12-pct increase of cargo handling in HI’18
12:22 Dorian LPG confirms receipt of director nominations from BW LPG
11:50 Throughput of Ukraine’s seaports in HI’18 fell by 3.1% Y-o-Y to 53.8 million tonnes
11:25 TTS Colibri 3D compensated crane passes FAT
11:03 Overseas Shipholding Group places order for cemical tanker duo with Hyundai Mipo Dockyard
10:41 Yaroslavsky Shipbuilding Plant launches Svetlyak-class patrol boat Balaklava
10:32 Brent Crude futures price down 0.35% to $71.91, Light Sweet Crude – down 0.36% to $66.92
10:16 ICS encouraged by IMO progress on 2020 global sulphur cap implementation issues
09:59 Bunker prices continue going down at the Port of Saint-Petersburg, Russia (graph)
09:40 Throughput of Russian seaports in 6M’18 grew by 2.8% Y-o-Y to 394.8 million tonnes (detalization)
09:16 Baltic Dry Index up to 1,721 points

2018 July 17

18:24 North P&I Club and 24Vision ink partnership agreement
18:07 Lockheed Martin awarded Navy's contract worth more than $450 million in FMS funding for MMSC project
17:55 TransContainer announced its operating results for the second quarter and the first half of 2018
17:27 Equinor buys shares for use in the group's Share saving plan
17:11 Vigor Marine LLC gets Navy's contract for USNS Mercy mid-term availability
16:56 Okskaya Sudoverf puts into operation Belmax 4, fourth non-self-propelled barge of Project ROB20
16:34 Prosafe awarded important contract in Brazil
15:47 Orsted opts for Tekmar's CPS for Borssele 1 and 2 offshore wind farm projects
15:28 Port of Rotterdam places a bee colony in the port area
14:44 Baltic Ports Conference 2018 will focus on financing, economy and energy supply
14:23 Jan De Nul launches ultra-low emission vessel Diogo Cão in China