• 2018 February 28 16:55

    Tallink Grupp earns record amount of EUR 967 million revenue in 2017

    According to the unaudited financial results, Tallink Grupp AS earned a record amount of EUR 967 million revenue in 2017. In addition, according to the figures released to the Stock Exchange today, the group’s highest ever number of passengers in one year – over 9.8 million – significantly increased the revenue of the group’s restaurants and shops to nearly 537 million euros, taking the Grupp’s net profit for 2017 to a total of EUR 49 million. 

    Compared to the previous financial year, the Grupp’s turnover increased by 3.1% and the net profit by 11.8%. 
    The main drivers for the increased turnover in 2017 were positive developments on several of the Grupp’s routes and in a number of the Grupp’s segments during the year. The launch of the Grupp’s newest vessel, Megastar, on the Tallinn-Helsinki route early in the year increased the capacity of this route and improved the efficiency. 

    The most positive development in 2017 was the growth of the cargo business. The Cargo volumes increased in all geographical segments in total by 11.0%, the cargo revenues increased by 13.3% or EUR 13.8 million compared to last year and amounted to EUR 117.7 million in 2017.

    Growth on the Riga-Stockholm route was achieved through the addition of a second vessel on the route in December 2016 and the Tallinn-Stockholm route also saw some positive developments with more than a million passengers transported on the route for the first time ever. 

    Commenting on the results, Janek Stalmeister, CEO of AS Tallink Grupp said: 
    “2017 was a record year for Tallink Grupp in terms of passenger numbers and several other indicators. I am pleased that our big investment Megastar has been very successful and played an important role in the Grupp’s increased profits, despite increasingly tight competition.  Our cargo business also saw considerable growth on all our routes last year, the positive impact of which on the year-end financial results cannot be underestimated.“ 

    The increase in passenger numbers has had a positive impact on the revenue of the Grupp’s restaurants and shops, increasing it by EUR 15.3 million year on year to a total of EUR 536.7 million for the full year and the total ticket revenue by EUR 6.7 million to a total of EUR 242.7 million for the year. 

    The Grupp’s total investments in 2017 amounted to EUR 219,3 million and the biggest investments were the financing of Megastar at the start of the year and the investments in the continuing ship renewal programme. 
    In 2017 Tallink Grupp vessels completed a record number of 9,966 voyages in total. 

    AS Tallink Grupp is the leading passenger and cargo transportation service provider in the Northern region of the Baltic Sea. The company owns 14 vessels and operates under the brands of Tallink and Silja Line on 6 different routes. AS Tallink Grupp employs more than 7,400 people in the region and over 9.8 million passengers travelled on its ferries in 2017. AS Tallink Grupp is listed on the Tallinn Stock Exchange.

    The record figures for Tallink Grupp in 2017: 
    - Record number of passengers in one year – 9,8 million
    - Largest number of passengers per one ship in a year – over 2 million, Megastar
    - Highest ever revenue - 967 million euros
    - Largest number of voyages in one year – 9966 journeys
    - Largest number of cargo units transported in a year – 364 000 units




2019 August 26

09:08 CMA CGM announces GRR from Asia to West Africa
08:08 OOIL announces 2019 interim results

2019 August 25

15:08 IMO: Protecting marine biodiversity in the East Indian Ocean
13:19 SCHOTTEL propulsion systems part of Norled’s path towards green future
12:38 Eastern Shipbuilding delivers fifth vessel since Hurricane Michael
11:45 GRS signs strategic partnership with SerFac
10:35 USCG halts illegal charter in Miami

2019 August 24

15:44 Vattenfall inaugurates Scandinavia’s largest offshore wind farm
14:42 Eastern Shipbuilding delivers the CAPT. JIM McALLISTER with a USCG Sub-M COI to McAllister Towing
13:26 Gulf of Mexico Lease Sale yields more than $159m in high bids, continues Upward Trend Under Trump Administration USDoI
11:38 Grieg Star takes delivery Supramax vessel the Star Damon
10:58 DNV GL launches renewables certification operations in U.S.

2019 August 23

18:36 Bridge parts transported for second Theemsweg route bridge
18:06 CMA CGM announces GRR from Asia to East and South Africa, Indian Ocean
17:55 Onezhsky Shipyard launches TSHD Yury Maslyukov
17:36 First CLEANBU wet-dry cargo switch with significant positive environmental impact
17:20 Atomflot and Baltiysky Zavod sign agreement on construction of fourth and fifth nuclear-powered icebreakers of Project 22220
17:05 CMA CGM announces FAK rates from Asia to the Middle East Gulf
16:45 MPI Resolution started blade repair campaign in offshore wind farm
16:35 PIL’s fleet attains Environmental Ship Index (ESI) certification
16:05 Botlek becomes Vopak's styrene hub
15:44 First-of-a-kind floating nuclear power unit Akademik Lomonosov leaves Murmansk for Pevek
15:23 CMA CGM will not use the Northern Sea Route
15:17 Vessel powered by ABB Azipod® propulsion reaches North Pole for the first time in history
15:13 NOVATEK’s Board recommends 1H 2019 dividend
14:47 PGNiG Group posts more than PLN 22.6bn in revenue for H1 2019
14:16 BC Ferries supports whale research at Galiano Island
13:52 Marsden Point, New Zealand tops BIMCO Terminal Vetting Report
13:29 Missile cruiser Marshal Ustinov entered Mediterranean Sea
13:08 Boskalis half year result 2019 tainted by offshore projects
12:34 Sevastopol Sea Port to be subsidized with RUB 54 million by municipal government
12:08 Bibby HydroMap commences second UXO survey for Vattenfall
11:40 Tests of unique replenishment system of Akademik Pashin tanker successfully completed
11:08 DP World Liège Container Terminal boosts eco-efficiency with Konecranes
10:55 Eesti Energia to use Klaipėda LNG terminal services
10:26 Hamburg, Germany to host 15th Arctic Shipping Summit on 4-5 December 2019
10:07 Bridge parts transported for second Theemsweg route bridge
09:53 Brent Crude futures price is up 0.1% to $55.98, Light Sweet Crude – up 0.01% to $55.35
09:34 Bunker market sees mixed price movements at the port of Saint-Petersburg, Russia (graph)
09:19 Baltic Dry Index is up to 2,118 points
09:07 Damen wins UX Design Award for Human Machine Interface for Tugs
08:35 MABUX: Bunker Market this morning August, 23
08:07 World’s largest all-electric ferry completes its maiden trip

2019 August 22

18:04 Australian Maritime College and KONGSBERG eye potential for VR training with renewed support program
17:39 Nordic Engineering sponsors roundtable meeting “Import Substitution in Russian Shipbuilding: Ambition and Reality”
17:04 DOF Subsea issues Financial Report for 2nd quarter of 2019
16:47 Karelia proposed construction of deep-water freight and passenger port Kem’
16:25 Bunker prices go down at the Far East ports of Russia (graph)
16:04 Navios Acquisition reports results for H1 2019
15:53 PJSC TransContainer reports its Financial Results under IFRS for 6M'2019
15:12 ReCAAP ISC has released Guidance on Abduction of Crew in the Sulu-Celebes Seas and Waters off Eastern Sabah
15:04 Essar Ports expects to meet 60 MT target for FY20
14:31 Höegh LNG announces interim results for the quarter and half year ended 30 June 2019
14:14 Peel Ports takes important step towards being Brexit ready
13:56 Yamal LNG shipped twenty million tons
13:35 Arctic block of Far East Investment and Export Agency headed by Dmitry Fishkin
13:13 Sea Machines successfully deploys industry’s first autonomous spill-response vessel
12:28 Fire onboard MV Pyotr Tchaikovsky kills one in Saint-Petersburg
12:13 Frontera Offshore and DOF Subsea join forces for the Subsea Construction and IMR Mexican market
11:31 Kalmar to enhance STS crane capabilities at EUROGATE Tanger