• 2018 August 9 13:25

    Tallink transported 4.6 million passengers in H1’18, up 0.8% Y-o-Y

    Today, Tallink Grupp published its interim report for the first six months of 2018. According to the report, during the six months (January - June), the group transported a total of 4.6 million passengers, which is 0.8% or nearly 35,000 passengers more than in the same period last year. During the period, the group’s cargo transportation saw a steady increase with 9.2% more cargo units transported on all the group’s routes in total in the first six months in 2018 compared to the same period in 2017. 

    At the same time, sales revenue decreased by 2.6% in the first six months of 2018 compared to the same period last year, providing the group with 439.6 million euros of unaudited revenue by the end of the period. The group’s unaudited net loss in the first half of the year amounted to 4.3 million euros (net loss of 2.4 million euros in the same period in 2017). 

    The number of passengers increased on almost all of the company’s routes during the first six months of 2018. Although the most notable growth of 11.4% in passenger numbers compared to the previous year was on the Latvia-Sweden route, the stable growth in the number of passengers on the Estonia-Sweden route, which amounted to 3.3%, and on the Estonia-Finland route with the strongest competition (an increase of 1.8% on the previous year) is also positive. The number of passenger vehicles transported in the first six months of 2018 also increased by 1.3% with a total of 533 710 vehicles transported compared to the same period in 2017 when 527 118 vehicles were transported. 

    The lion’s share of the cargo units transported by the group was carried on the Estonia-Finland route, which saw a total of 122,914 cargo units transported in the first six months of the year, which is 10.4% more than in the same period last year. The number of cargo units transported also increased on the Estonia-Sweden route, where it amounted to a total of 25,124 cargo units, which is 16.6% more than last year. The most notable growth in the number of cargo units transported was on the Latvia-Sweden route, where a total of 7 832 cargo units were transported, which is 45.8% more than in the same period last year. 

    „The results were significantly impacted by the increase in fuel prices in global markets compared to the same period last year. The decline in the absolute number of passengers on the Tallinn-Helsinki route in the second quarter of 2018 according to the Port of Tallinn statistics has also had an impact on the wider market and the competitive landscape, although Tallink has managed to increase both passenger numbers and market share on this route as a result of investments made by the company. 

    “The excise duty levels in place in Estonia also have an impact on the results and affect the Estonian tourism and service sectors negatively as a whole. In today’s world, where the travel and recreational choices are increasingly abundant in the target markets for our services, every aspect is important in keeping Estonia attractive as a tourism destination,“ Paavo Nõgene, CEO of Tallink Grupp, said.

2019 May 23

18:43 DOF Subsea secures contract in Brazil
18:21 ZIM Q1 2019 revenues rose 6.0% to $796.2M
18:06 MOL to Join Consortium on TCFD (Task Force on Climate-related Financial Disclosures)
17:44 CNIIMF forecasts NSR cargo traffic to reach 100 million tonnes by 2035
17:11 USCG closes case of downed aircraft in Prince William Sound
17:06 Port of Rotterdam sees significant progress in development HES Hartel Tank Terminal
16:55 GOGL announced net loss of $ 7.5M vs net income of $ 23.6M in 1Q 2019
16:30 New digital solution from Rolls-Royce and ZF improves availability and CO2 emissions of ships
16:05 CMA CGM orders 50,000 Traxens trackers
15:23 OCTOMAR Serviços Marítimos takes delivery of Damen Fast Crew Supplier 2206
14:47 RF Navy’s destroyer participated in combat training in the Sea of Japan
13:36 High Representative/Vice-President Federica Mogherini visits ITS Carlo Margottini
13:05 Singapore to host Port Maintenance and Facilities Management Summit on 24-27 September 2019
12:29 Optimarin gears up for retrofit wave with expansion and new hires
12:19 FESCO and Russian Railways launch transit service for delivery of goods from Japan to Europe through Russia
11:43 Bunker prices go up at the Far East ports of Russia (graph)
11:21 Severnaya Verf starts cutting metal for third processing trawler of Project 170701 ordered by NOREBO Group
11:08 Diana Shipping announces time charter contract for m/v Baltimore with Koch
10:26 Brent Crude futures price is down 0.69% to $70.5, Light Sweet Crude – down 0.6% to $61.05
10:08 Port of Antwerp aims for more efficient road transport with night-time opening hours on Right bank of Scheldt
09:57 Kuibyshev reservoir level allows for fleet operation - RF Transport Ministry
09:39 NOVATEK signed MoU with Ninh Thuan Province in Vietnam
09:20 Baltic Dry Index is up to 1,059 points
09:10 MABUX: Bunker market this morning, May 23
09:08 Royal IHC signs contract with Cameroon’s Port Authority of Douala
08:25 Sempra LNG and Aramco Services Company sign heads of agreement for Port Arthur LNG

2019 May 22

18:05 CMA CGM to resume the Bijagos Shuttle service
17:50 RF Government approves rules for collecting port investment dues from ship owners in Russian seaports
17:38 The University of Calabria and Finсantieri ink training agreement
17:05 CMA CGM PAD-Service delivers first Zespri kiwifruits to the port of Zeebrugge
16:44 CMA CGM announces GRR from Asia to South Africa
16:05 Jinling Shipyard in China orders 4 × MAN 51/60DF engines for Baltic RoPax newbuilding
15:31 Throughput of port Helsinki (Finland) in Jan-Apr’19 fell by 3.5% to 3.89 million tonnes (table)
15:09 Rob Grool appointed new CEO at ZEABORN Ship Management
14:45 CMA CGM to upgrade its EUROSAL XL service between North Europe, the Caribbean and South America West Coast
14:29 InterMoor wins 2 mooring installation contracts from COOEC
14:04 Comprehensive drill held at CPC Marine Terminal
13:28 Astrakhan branch of Ship Repair Center ‘Zvezdochka’ launches rescue towboat SB-427 for RF Defence Ministry
13:09 DOF, KONGSBERG, SINTEF Ocean and NORCE join forces to deliver ‘Intelligent Efficiency’ for offshore operations
12:52 Gazprom Neft develops partnerships with leading cruise operators
12:27 New standard Cyber Security Clause agreed by BIMCO’s Documentary Committee
12:09 PETRONAS floating LNG Satu achieves its first LNG drop post relocation
11:44 ESPS Navarra provides maritime security training in Seychelles
11:09 Hamburg Süd christens “Polar Ecuador” in Antwerp
10:51 Throughput of port Vyborg in Jan-Apr’2019 fell by 34% Y-o-Y to 275,500 tonnes
10:30 Throughput of port Kaliningrad in Jan-Apr’2019 fell by 16% Y-o-Y to 3.94 million tonnes
10:08 Austal partners with Fred. Olsen on next generation MARINELINK Smart technology rollout
09:53 Baltic Dry Index is up to 1,049 points
09:37 Bunker market at the port of Saint-Petersburg, Russia sees mixed price movements (graph)
09:37 WesCom Signal and Rescue showcases its commitment to safety training at Nor-Shipping 2019
09:20 Brent Crude futures price is down 0.62% to $71.73, Light Sweet Crude – down 0.82% to $62.61
09:08 West Africa Container Terminal makes further investment in equipment
08:53 MABUX: Bunker market this morning, May 22
08:08 Ocean Yield takes delivery of two modern Ultramax dry bulk vessels with 11-year charters

2019 May 21

18:33 Maersk to charter 13 new feeder ships powered by conventional fuel from 2021
18:25 Long-term Wärtsilä service agreements support optimal performance for LNG Carriers
18:04 GTT notified by Samsung Heavy Industries for the tank design of a new LNG carrier for Nisshin Shipping
17:48 Throughput of port Vysotsk in Jan-Apr'2019 climbed by 7% Y-o-Y to 6.65 million tonnes
17:25 Bunker prices still show no considerable changes at the Far East ports of Russia (graph)
17:19 ABB to enable world’s first hydrogen-powered river vessel