• 2020 July 2 10:24

    Tallink Grupp makes strategic future investment and purchases ro-pax vessel Sailor

    Tallink Grupp has announced to the stock exchange that it has signed a contract with Navirail OÜ for the purchase of ro-pax vessel MS Sailor.

    The vessel is a ro-pax type cargo ferry, built in 1987 at the Gdansk shipyard in Poland. It is 157m long and 25m wide with a gross tonnage of 20, 921. The vessel has a total of 60 cabins, accommodating 23 crew and 119 passengers. She has 1500 lane meters for ro-ro cargo and pax vehicle transportation on board. The vessel’s speed is about 19 knots.

    The vessel is currently owned by Navirail OÜ, but has until recently been chartered out to shipping company DFDS and has been operating on the Paldiski-Kapellskär route. Originally built in late 1980s for Neste OY, the vessel has previously been owned by Nordö Link and Finnlines and operated until 2015 under the name Finnsailor.

    Commenting on the strategic purchase, Tallink Grupp’s CEO Paavo Nõgene, said:

    „The recent crisis has made it very clear that we need to strengthen our fleet with ro-pax vessels to ensure that whatever happens in the world, we are able to react to any changes fast and have the necessary flexibility within our fleet to scale up either ro-ro cargo or passenger transport as necessary. During the COVID-19 pandemic there was an urgent and great need to secure ro-ro cargo transportation between our home markets and this was mainly done with our passenger ferries, that are geared for operating feasibly if they carry both cargo and passengers. Carrying only ro-ro cargo with a minimum number of passengers with such large passenger ferries is not economically viable and can only be done for a short time with subsidies.

    „For example, at present we have increased cargo capacity on the only Estonia-Sweden route between Paldiski and Kapellsär with our passenger ferry Isabelle.  The vessel predominantly transports cargo only as tourism between Estonia and Sweden is still not recommended due to the Swedish coronavirus situation, which in essence means that we are transporting over 600 empty cabins back and forth between the two countries every day. Operating passenger ferries for cargo transportation alone isn’t cost effective for our business.

    „With the above in mind and with several lessons learned from the recent pandemic, it thus makes perfect sense to diversify and strengthen our fleet for the future.

    „Tallink Grupp ship Management team’s technical experts have carried out a thorough inspection of the ship and determined its excellent condition for our needs. We are confident this is a sound investment for the future for our company and strengthens our existing fleet.“

    The transaction price is EUR 8.5 million.

    The vessel was registered to Tallink Grupp today, 30 June under the Estonian flag in the Cyprus Ship Registry similarly to Tallink Grupp’s other vessels and will be handed over to Tallink Grupp in Paldiski on 9 July 2020. The company will make decisions and announce the vessel’s route and schedules 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 7,000 people in Estonia, Finland, Sweden, Latvia, Russia and Germany. In 2019, Tallink Grupp provided services to 9.8 million travellers and transported approximately 380,000 freight units of goods. The shares of Tallink Grupp are listed on the Tallinn Stock Exchange and Nasdaq Helsinki Stock Exchange.




2020 August 3

18:43 CMA CGM announces Peak Season Surcharge rates from North Europe to Indian Subcontinent
18:06 Total seven-month cargo traffic in Azov-Don basin in Jan-Jul down 6%
17:55 Inmarsat, Thetius and Shell Shipping and Maritime launch 'Crew Welfare Open Innovation Challenge'
17:25 The PV300 MS Mustai Karim leaves Krasnoye Sormovo Shipyard basin, sets sail to St. Petersburg
16:42 Spot market price for Russian M100 product ended week higher
16:06 Russian Gov’t approves regulation on crab boats construction incentives
15:32 Kalmar delivers four medium and heavy forklifts to support Yizheng Port in meeting safety and environmental requirements
15:26 RZD seven-month loaded freight down 4.4%
14:18 Ust-Luga Company wins the Ust-Luga Cup 2020
13:24 Borr Drilling Limited enters into a new contract and LOIs for three rigs
13:08 Long-awaited project of Kalmykia’s Lagan Port becomes part of the federal transport territorial planning
12:46 MSC Cruises and Palumbo Group form joint venture to operate the Palumbo Malta Shipyard
12:23 OHT wins contract for transport and installation of foundations at Dogger Bank
12:20 RZD to resume traffic via new rail bridge across the Kola as of October 1
11:46 Eagle Bulk reports the successful resolution of security incident onboard vessel
11:10 Buyan-class corvette Grayvoron departs for Novorossiysk sea trials base
09:48 Crude futures prices edge down
09:41 MABUX: Bunker market this morning, Aug 03
09:16 Baltic Dry Index as of July 31

2020 August 2

16:03 Kirby Corporation announces 2Q, 2020 Results
15:31 Bollinger delivers second of three USCG FRCs to be home-ported in Guam
14:37 Dennis de Bruin appointed Managing Director of Commercial Shipping Europe
13:52 ABS supports global offshore wind development with updated guidance
12:35 USCG sets port condition Zulu for Ports of Miami and Key West
11:24 Tony Goldsmith announced as new head of marine at law firm Hill Dickinson as David Wareing steps down
10:52 Sea Machines partners with Maine Maritime Academy & MARAD to include intelligent vessel systems in curriculum

2020 August 1

14:21 U.S. appoints coordinator for the Arctic Region
13:14 CMA CGM announces GRR for Asia-West Africa trade
12:44 Polarcus awarded 3D project in Asia Pacific
11:31 Pacific Basin announces 2020 interim results
10:53 EBRD supports decarbonisation of energy sector in Cyprus

2020 July 31

18:26 Fincantieri BOD approves 1H 2020 results
18:07 Vostochnaya Verf to launch 03141-series first crab catcher in autumn 2020
17:36 Holland America Line changes name of newbuild to Iconic Rotterdam and designates it the new flagship
17:07 October Revolution Shipyard rolls out small seiner for a Kamchatka fishing company
17:06 Alfa Lift signs contract for transport and installation of foundations at Dogger Bank
16:44 Ship recycling in Bangladesh leaps forward with third phase of key project signed
16:05 Cox production diesel outboards make their way to North America
15:36 Port of Vancouver USA receives longest wind blades ever
14:42 USCG medevacs mariner 35 miles offshore Freeport, Texas
13:44 OOCL announces new China Indonesia Philippines service
13:39 Construction of A45-90.2 series passenger ship duo kicked off at SNSZ Shipyard
12:45 Petrotrans accepts delivery of third dry cargo ship of Project RSD59
12:10 McNetiq launches new magnetic anchors for fall protection
11:09 CMA CGM announces rates from China to Middle East Gulf
10:00 DP World Komatipoort becomes the first dry port east of Gauteng
09:46 Baltic Dry Index as of July 30
09:32 Crude futures prices climb
09:08 EMSA and ECDC issue guidance in response to COVID-19 challenges
08:51 Bunker Market this morning, 31st July, 2020
08:46 Australia bans bulk carrier TW Hamburg for wage exploitation

2020 July 30

18:24 DP World volumes down 3.9% in 1H2020
18:04 $300 billion T&L industry is still in infancy of digital transformation - Lux Research
17:43 Port of San Diego establishes Foreign Trade Zone at Tenth Avenue Marine Terminal
17:23 Association of River Ports and Ship Owners celebrates its 25th anniversary
16:04 Russia should join the Nairobi Convention – Transport Ministry
16:03 Aimo Park Finland selected to build customer-centric parking at Helsinki harbours
15:25 APM Terminals first to launch fully digital export management system in Russia
15:04 Russian Gov’t to regulate determining evaluation costs of domestically built ships
14:17 MABUX Weekly Viewpoint