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

2021 December 1

16:05 IMO moves ahead on GHG emissions, Black Carbon and marine litter
15:50 Diana Shipping announces completion of OceanPal spin-off
15:41 RF Federation Council approves Federal Law on Ratification of Nairobi Convention
15:04 Yang Ming adds the latest of its 9th 11,000 TEU ship to the Trans-Pacific service
14:07 SEA-LNG backs Europe’s goal-based, technology-neutral regulation for cleaner shipping
13:50 Liepaja SEZ Board appointed Uldis Hmieļevskis, Deputy CEO, as Acting Manager
13:14 Rolls-Royce extends TBO intervals of mtu Series 4000 engines for commercial marine application
13:03 Oil shipments via CPC Marine Terminal in 11M’21 climbed by 0.7% YoY
12:56 Valenciaport tenders the drafting of the urban development project for areas 2 and 5 of the Special Plan for zone 1 south of the Port of València
12:06 Mostotrest conducted 2,177 operations on raising bridges in Saint-Petersburg over navigation season of 2021
11:45 MABUX: Bunker prices may continue to decline on Dec 1
10:49 Russian Railways' network loading climbed by 3.3% in 11M’2021
10:15 Maersk Customs Services USA highlights trends and opportunities for U.S. importers
09:51 Port of Kiel receives funding for digital test field
09:30 Crude oil prices start rising
09:16 Baltic Dry Index as of November 30

2021 November 30

18:35 ICS urges WTO Director General to prioritise maritime transport in multilateral trade negotiations
18:14 First phase of Tuas Port reclamation works completes
17:53 Finnlines announces bunker surcharge for Malmö-Travemünde-Malmö
17:35 HDB, JTC and MPA, which issue over two-thirds of government invoices, offer e-invoicing through IMDA’s InvoiceNow
17:04 DNV supports world first large-scale testing of submerged CO2 pipelines
16:48 RF Navy’s large anti-submarine ship Vice Admiral Kulakov enters Barents Sea
16:34 Brittany Ferries takes delivery of Salamanca
16:04 Port of Oakland total cargo volume down 20 percent in October 2021
15:50 RF Navy's corvette Gremyashchy and two submarines of Varshavyanka project welcomed in Vladivostok
15:39 Abbey Heimensen appointed to VP of Marketing, MarineMax
15:34 The Port of Barcelona validates its Innovation Plan
15:19 Icebreaker Sibir of Project 22220 completed main part of shipbuilder’s sea trials
15:04 Terminal San Giorgio orders an eco-efficient Konecranes Gottwald ESP.8 Mobile Harbor Crane
14:43 Keppel Offshore & Marine signs global framework agreement with Ørsted on potential future offshore substation projects
14:24 DEME Group Signs Partnership Agreement with CIP for the Development of Energy Island in Danish North Sea
14:03 Volvo Penta to power Hurtigruten Svalbard’s new hybrid vessel
13:42 Rosterminalugol starts building wind and dust protection screens around its coal storage area
13:24 Kongsberg Digital and Aker BP extends collaboration agreement to accelerate data utilization
12:50 Container shipping costs up by 121.2% year-on-year - Xeneta
12:10 Navigation season closed on rivers of Saint-Petersburg
12:04 Ningbo Containerized Freight Index decrease slightly in November
11:48 1.59 million cbm of material dredged within Azov-Don Basin of Russia’s IWW in 2021
10:56 MABUX: Global bunker market turned into upward correction mode on Nov 30 after yesterday’s price collapse
10:42 China ports container volume rises 8.4% from January to October 2021
10:34 Port of Gdańsk awarded by the European Sea Ports Organisation
09:57 Klaipėda is preparing for the development of offshore wind energy in the Baltic Sea
09:30 Crude oil prices continue rising
09:15 Baltic Dry Index as of November 29
08:33 MAN Energy Solutions upgrades four-stroke engines for green future-fuels

2021 November 29

18:19 Gazprom posts RUB 1.59 trillion of operating profit in 9M’2021
17:58 Wärtsilä partners with China Classification Society and Tianjin Port Group
17:17 Construction of ice protection facilities at Utrenny terminal under Arctic LNG 2 project to be completed in 2022
16:54 Wallenius Wilhelmsen names new CEO
16:50 Lloyd’s Register is the world’s first Renewable Energy Certification Body for marine energy
16:19 Handling of socially important cargo to be obligatory prioritized by operators of sea terminals
15:41 Average spot market price for Russian M100 product rose to RUB 26,672 pmt
15:22 13 million cbm of material to be dredged in 2022 as part of Sabetta seaport’s Seaway Canal reconstruction
14:46 Oboronlogistics delivered cargo to Abkhazia
14:13 X-Press Feeders signs for sixteen new 1,170 TEU vessels
13:34 Alexeev’s Hydrofoil Design Bureau launches yet another Valdai 45R hydrofoil for Chuvashia
13:05 COSCO SHIPPING Ports and CSTD sign JV agreement with Tianjin Port Holdings and China Merchants International Terminals
12:57 DNV publishes pioneering new competence standard and recommended practice
12:47 Baltic Workboats AS developed new standard in commissioning of vessels together with Siemens Energy
12:24 MABUX: Bunker prices may sharply decline on Nov 29