• 2021 April 30 12:59

    Supervisory Board of Tallink Grupp extends Management Board members’ term of office

    Tallink Grupp has announced to the stock exchange that the group’s Supervisory Board has made the decision to extend the term of office of the company’s Chief Executive Officer Paavo Nõgene by a further three years and the term of office of Management Board Member Lembit Kitter until the end of 2021. At the same time, the Supervisory Board has appointed Margus Schults, the CEO of Tallink Grupp’s Finnish subsidiary Tallink Silja Oy, as the new and additional member to the company’s Management Board.

    Margus Schults joined Tallink Grupp in 2008 as a senior advisor and, since 2009, he has held the position of Chief Executive Officer of the group’s Finnish subsidiary Tallink Silja Oy. Before joining Tallink Grupp, Mr Schults worked at SEB between 1994 – 2008 as the Management Board Member of SEB Estonia, as the Head of Human Resources of SEB Eastern Europe, and, ultimately, as the Head of Human Resources and Financial Planning at SEB Group. Margus Schults is a member of the Main Council of the Helsinki region Chamber of Commerce, Deputy Chairman of Finnish-Estonian Trade Association, Member of the Board of the Finnish Ship-owners’ Association, Member of the Supervisory Board of WWF Finland (World Wildlife Fund). Mr Schults holds a PhD degree in Technology, Electronics from the Tallinn Technical University (TalTech).

    „The Finnish market has always been and continues to be one of the key markets for Tallink Grupp.  In the near future, as we plan and restore our operations following the global crisis, it is vital for us that the in-depth knowledge, experience and strong contacts of this key market would be present directly at the decision-making table on the Board level. Margus Schults is an experienced and seasoned leader with decades of experience in the Nordic finance sector as well as the maritime sector, who has extensive knowledge of our business, all the different nuances of one of our key markets and a wide network of contacts in that key market. All of this will be of crucial importance to us as we restart our operations after the crisis,“ Enn Pant, Chairman of the Supervisory Board of Tallink Grupp said.  

    The term of office of Margus Schults as a Member of the Management Board of AS Tallink Grupp starts today, 29 April 2021. In addition to his responsibilities as a Management Board member, Mr Schults also maintains his responsibilities as the CEO of Tallink Silja Oy.

    The term of office of Tallink Grupp Management Board Member Lembit Kitter has been extended until the end of 2021.   

    Commenting on the extension of the term of office of Paavo Nõgene, Enn Pant said:   
    „The term of office of Paavo Nõgene as the CEO of Tallink Grupp can roughly be divided into two – a year and a half of so-called „peace-time“, when the company developed, expanded and made ambitious future plans under Paavo’s leadership, followed by a year and a half of a proper survival course.   I must say that I am grateful to my intuition slightly more than three years ago, which forced be to pick up the phone all those years ago and to ask Paavo to come and lead the company, because it is largely down to his work ethic, determination and leadership skills, in addition to the contribution and dedication of the company’s thousands of employees, that the company is where it is today. The Management Board of Tallink Grupp has a clear vision regarding how to bring the company with strategic importance to Estonia out of this global health and economic crisis in the coming years, and the decisions they have made and implemented during the last year have given the company’s Supervisory Board confidence to trust Paavo and his team with leading Tallink Grupp for the years ahead.“

    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 15 vessels and operates a number of ferry routes on the Baltic Sea under the brand names of Tallink and Silja Line. AS Tallink Grupp employs around 4000 people in Estonia, Finland, Sweden, Latvia, Russia and Germany. In 2020, the year of the global COVID-19 pandemic, Tallink Grupp provided services to 3.7 million travellers and transported nearly 360 000 units of cargo. The shares of Tallink Grupp are listed on the Tallinn Stock Exchange and Nasdaq Helsinki Stock Exchange.

2021 May 14

18:46 Pilbara Ports Authority posts results for April 2021
18:23 Onezhsky Shipyard launches Ice Arc5 tug Pomor built for Rosmorport
18:06 Port of Southampton announces second Shore Power connection
17:53 Warships of RF Navy's Pacific Fleet completed visit to Singapore
17:36 ICS releases Vaccination Roadmap to quicken seafarer jab rollout
17:16 Maersk secures daily rail services from Felixstowe to respond to Brexit and COVID-19
16:54 Throughput of Murmansk Sea Fishing Port in 4M’2021 fell by 3.7% YoY
16:31 DNV, the University of Bristol and Percepetual Robotics launch new research project to develop automated verification of offshore wind turbine inspection results
16:11 Port of Los Angeles container volumes up 37% to 946,966 TEUs in April 2021
15:25 Fincantieri and Amazon Web Services team up to power the digitization and competitiveness of Italy with cloud computing
14:56 Rosneft reports its 1Q 2021 net income of RUB 149 bln
14:17 Port of Liepaja throughput in 4M’2021 climbed by 1.6% Y-o-Y
13:34 Nevsky Shipyard delivers cargo-passenger vessel of Project PV22, Pavel Leonov, to the customer
12:25 Throughput of port Kavkaz in 4M’2021 fell by 15% Y-o-Y
12:03 Austal Australia delivers two cape-class patrol boats to Trinidad and Tobago Coast Guard
11:58 Port of Oakland sets all-time cargo record in April 2021
11:49 Daphne Technology seeks financing through crowdfunding platform
11:28 Throughput of Russian seaports in 4M’2021 fell by 4.2% Y-o-Y
11:09 Rosmorport commences dredging at the port of Arkhangelsk
10:46 Rosmorport announces competition on dam strengthening at Kaliningrad Maritime Channel
10:17 HCS and CyberLogitec partner in TOS implementation at finished-car logistics terminal in Yarimca, Turkey
10:13 Acceptance certificate signed for Phase 1 (preparation) of Bagayevsky hydrosystem
09:45 Oil prices decrease on demand concerns
09:28 Höegh Autoliners onboard more vessels to Kongsberg Digital’s Vessel Insight
09:12 Baltic Dry Index as of May 13
08:24 Port of Ayr completes £2.2m investment strategy with new crane delivery

2021 May 13

18:41 DFDS ferry volumes up 50% in April 2021
18:13 Sealand adds weekly Port of Wilmington call to its NAE service
17:54 Sparta III delivered yet another cargo to Franz Josef Land
17:37 COP26 in focus as UNGC gathers leaders at Nor-Shipping’s Ocean Now
17:30 Oboronlogistics took part in BREAKBULK RUSSIA 2021
17:02 Admiral Makarov University took part in ARCSAR workgroup
16:28 IAPH renews ties with WCO
16:05 VoltH2 and Virya Energy sign cooperation agreement for development of green hydrogen plant in North Sea Port
15:37 12th Arctic Council Ministerial meeting convenes in Reykjavík
15:13 Bunker Weekly Outlook, Week 19, 2021
15:04 Klaveness joins collaboration project to evaluate the potential role of carbon capture in meeting shipping’s near-zero emissions target
14:52 Wärtsilä Cargo Handling and Fuel Supply Systems again selected for Oriental Energy vessels
14:32 Capital Link Maritime Forum - Norway to take place on 26-27 May 2021 as digital event
13:48 Cargo traffic within Azov-Don Basin of Russia’s IWWs grew fell by 26% in 4M’21
12:46 Shell Marine expands shipcare network, offering customers greater convenience and smoother operations
12:29 Small anti-submarine ships of White Sea naval base commence training maneuvers at sea
12:00 Mitsubishi Shipbuilding holds christening and launch ceremony in Shimonoseki for large ferry built for Meimon Taiyo Ferry
11:50 Singapore and Rotterdam successfully complete trial with electronic bill of lading
11:37 Bunker sales at Vladivostok port in 4M’2021 fell by 26% YoY
11:09 Port of Long Beach container volumes up by 43.6% to 746,188 TEU in April 2020
10:42 TSUNEISHI SHIPBUILDING collects actual operation data by IoS-OP
10:33 RF Government approves new composition of its Marine Board
10:09 Bureau Veritas partners with North Sea Energy program
09:44 Damen launches RoPax 6716 for the Port Authority of Timor-Leste
09:41 Oil market sees downward price correction
09:24 Baltic Dry Index as of May 12
09:08 RINA certifies the improvement of the energy efficiency of Grimaldi ro-ro fleet
08:45 UN launches the Human Rights Due Diligence Tool for seafarers

2021 May 12

18:36 Rolls-Royce to supply mtu generator sets for U.S. Navy frigate program
18:06 COSCO SHIPPING Ports successfully launches green finance framework
17:54 Severnaya Zvezda shipped second batch of equipment for Taimyr coal cluster facilities
17:36 High demand sees Teesport Bulks Terminal sign third major deal in eight months
17:16 Port of Antwerp and the City of Antwerp kick off The Tall Ships Races 2022
16:53 Valenciaport exceeds one million export containers for the first time in a year