Shipbuilding Contract Between Tallink Grupp And Rauma Marine Constructions Enters Into Force

By | 2019 Newsletter week 13 | No Comments

AS Tallink Grupp and Rauma Marine Constructions (RMC) recently signed the contract for the construction of a new LNG-powered shuttle ferry for the Tallinn-Helsinki route, which entered into force on 27 March.

Price: EUR 250 million.
Gross tonnage: 50,000
Speed: 27 knots

The delivery of the vessel is expected in January 2022.
The new shuttle ferry will also benefit from the recently signed cooperation agreement with Tallinn Technical University, the aim of which is to develop innovative Smart Car deck solutions for the group’s vessels to enhance the loading and unloading operations and make them compatible with the already existing Smart Port solutions at the Port of Tallinn.

According to the contract, 30% 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% of the new ship cost in 2022 by long-term loan, the loan terms will be concluded in the near future.

The ship in question was built in Italy by Cantiere Navale Visentini and delivered in 2011 to Caronte in bare boat charter and from 2013 sub-chartered out to Irish Ferries. The latter still operates the vessel today.

INTERESTING READS

By | 2019 Newsletter week 6 | No Comments

ESPO Interviews The CEO Of The Port Of Tallinn

This month ESPO is taking you to the Baltic region, and more precisely to the Port of Tallinn, where Mr Valdo Kalm has been CEO of the company since beginning 2016.

This interview is about the strengths, challenges and ambitions of the Port of Tallinn. And about the Port of Tallinn’s introduction to the stock exchange.

Tallink’s SEA WIND started operating from Muuga instead of Tallinn

By | 2017 Newsletter week 41 | No Comments

Tallink, in partnership with Port of Tallinn and Transiidikeskuse AS, has re-routed its ro-ro SEA WIND. It now operates from Muuga Harbour instead of the Tallinn Old City Harbour.
This move means that more than 40,000 lorries per year will be removed from Tallinn city centre, reducing congestion and pollution. The journey from Muuga to Vuosaari (Finland) is also six nautical miles shorter.
Muuga Harbour, which is Estonia’s largest and deepest cargo port, is located just outside Tallinn, 16km from Tallinn city centre. Muuga Harbour has 29 berths, three of which have been specifically built for ro-ro type vessels.
Transiidikeskuse AS is a specialised Estonian container and general cargo terminal operator in Muuga Harbour.