AS Tallink Grupp and Rauma Marine Constructions (RMC) have signed the contract for the construction of a new LNG-powered fast ferry for the Tallinn – Helsinki route shuttle operations, which enters into force today.
Similarly to the group’s newest vessel Megastar, the new shuttle ferry will also be dual fuel operated, its overall length will be approximately 212 metres and with a passenger capacity of 2,800. The vessel will cost approximately 250 million euros and it will be built at the Rauma shipyard in Finland, providing approximately 1,500 man-years of employment for the shipyard. The delivery of the vessel is expected in January 2022.
The new vessel is another step for Tallink Grupp towards achieving even greater energy efficiency and eco-friendliness for its shipping operations. The new shuttle ferry, with a gross tonnage of approximately 50,000 and a service speed of 27 knots, will use LNG as main fuel and meet all the current and future known emission regulations.
According to the contract, 30 percent of the total cost will be paid during the construction period and the rest after the delivery of the vessel. AS Tallink Grupp plans to finance 70 percent of the new ship cost in 2022 by long-term loan, the loan terms will be concluded in the near future.
AS Tallink Grupp is one of the leading providers of passenger transport and cargo transport services in the northern part of the Baltic Sea region. The company owns 14 vessels and operates seven ferry routes under the brand names of Tallink and Silja Line. AS Tallink Grupp employs over 7,400 people in Estonia, Finland, Sweden, Latvia, Russia and Germany. In 2018, Tallink Grupp provided services to 9.8 million travellers and transported approximately 385,000 freight units of goods. The shares of Tallink Grupp are listed on the Nasdaq Tallinn Stock Exchange and Nasdaq Helsinki Stock Exchange.