• 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 January 24

14:37 Polskie LNG terminal is ready for expansion
14:14 German Shipowners’ Association calls upon the EU to find solution for boat refugees in the Mediterranean Sea
13:54 DCT Gdansk terminal expands its fleet of STS and RTG cranes
13:12 “K”LINE awarded CDP’s “A List 2018” on climate change ―Earning highest rating “A” for three consecutive years
12:35 Cargo traffic via Murmansk Sea Fishing Port in 2018 remained flat Y-o-Y at 331,200 tonnes
12:11 COSCO SHIPPING Ports takes 60% stake in Chancay Terminal, Peru
11:36 SEA\LNG releases study revealing compelling investment case for LNG as a marine fuel
11:30 Icebreaker assistance period begins at the port of Primorsk (Leningrad Region) from January 25
11:12 GTT receives an order from DSME for the tank design of two new LNG carriers
11:06 Bunker prices are flat at the Far East ports of Russia (graph)
10:47 Monjasa's bunker tanker Accra supplies marine fuel in the Panama Canal
10:29 15 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 23-24
10:04 Port of Gothenburg container volumes up by 17 per cent in 2018
10:00 Brent Crude futures price down 0.36% to $60.92, Light Sweet Crude – down 0.38% to $52.43
09:41 Wilhelmsen Ship Management selected as the manager for Pardus Energy’s FSRU
09:37 Matthieu de Tugny takes helm at BV's Marine & Offshore division
09:18 Baltic Dry Index is down to 982 points

2019 January 23

18:27 Planning for 2020 IMO's sulphur cap has already started
18:13 Eagle Bulk receives commitment for a new credit facility totaling $208 million
18:02 Port of Gdansk (Poland) throughput in 2018 totaled 49.03 million tonnes, up 20.7% Y-o-Y
17:40 Andrei Malyarov elected as Chairman of Severnaya Verf shipyard's BoD
17:19 RWE files acquisition of renewables businesses of E.ON and innogy with European Commission
17:03 The Board of Directors of Fincantieri appoints a second General Manager
16:51 Ice restrictions at the port of Arkhangelsk come into effect on February 15
16:37 USCG interdicts smuggling boat with convicted criminals aboard off Florida
16:24 Regulatory issues related to operation of seaport infrastructure facilities to be discussed at the 2nd HES and Dredging Congress
16:08 First discharge of LPG from Ichthys LNG Project in Japan carried by “K” LINE’s VLGC “GRACE RIVER”
16:03 CMA CGM to launch its Med Pendulum Service (MPS)
15:46 Ice restrictions at the port of Vyborg (Leningrad Region) come into effect on February 6
15:33 Nakilat – Keppel welcomes first FSRU at the Erhama Bin Jaber Al Jalahma Shipyard
15:28 MHI Vestas achieves final turbine installation at Horns Reef 3
15:18 Rolls-Royce completes €57 million upgrade of Rauma thruster facility
15:03 NYK announces delivery of new coal carrier for Hokkaido Electric Power
14:33 Port of Oakland reports more ships than ever plugging into grid
14:20 Throughput of Port Vysotsky up 10.7% to 7.89 million tonnes in 2018
14:03 Kiel welcomes the TUI Cruises newbuilding
13:45 Admiralteiskie Verfi shipyard lays down large freezing trawler of Project СТ-192
13:27 Coast Guard’s only heavy icebreaker arrives at Antarctica
13:02 Rotterdam as a circular hub for the raw materials transition
12:58 The Russian Federation accedes to passenger compensation treaty
12:51 New initiatives to strengthen Singapore as a global maritime hub announced
12:37 SCHOTTEL presents new mechanical hybrid propulsion solution
12:04 Port of Riga cooperates with Balarusian forest industry to further increase its timber cargo volumes
11:42 15 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 22-23
11:16 OSG exercises option for second 204,000 barrel barge at Gunderson Marine
10:55 Maritime Security & Offshore Patrol Week 2019 to be held for the first time ever in Dubai, UAE by IQPC Middle East
10:37 N-KOM welcomes first FSRU at the Erhama Bin Jaber Al Jalahma Shipyard
10:20 Responsibilities for implementation of state programmes of the Russian Federation divided between Deputy Prime Ministers
10:06 Brent Crude futures price up 0.03% to $61.52, Light Sweet Crude – up 0.02% to $53.03
09:48 Aderco: Planning for 2020 has already started
09:43 Vympel Shipyard lays down yet another hydrographic vessel / buoy tender of Project 19910 for RF Navy
09:19 Baltic Dry Index is down to 1,036 points

2019 January 22

18:25 Elengy prepares the sale of access capacities to the Fos Tonkin LNG terminal for the period 2021-2030
18:05 Monjasa steps up as the 2nd largest local bunker supplier in the Panama Canal in 2018
17:54 Relampago practices skills with UAE Navy ship
17:35 CalMac takes over the tiller at Argyll Ferries
17:05 NYK gets the highest-rated ‘A’ for Climate Change by CDP Survey
16:42 RF Government proposed candidates to Novorossiysk Commercial Sea Port's BoD
16:23 Pilbara Ports Authority achieves a new record tonnage on a single tide at the Port of Port Hedland
15:56 Port of Rotterdam Authority and Rotterdam Port Promotion Council renew collaboration