Tallink Firms Up LNG Ferry Deal

Tallink Firms Up Ferry LNG Order

The Estonian ferry operator AS Tallink Grupp and Finland’s Meyer Turku Oy signed a contract for the construction of an LNG-powered fast ferry for Tallinn-Helsinki route shuttle operations.

The 49,000 GT dual fuel ship will be about 212 metres in length with a passenger capacity of 2,800. The fast ferry will cost around EUR 230 million (USD 258.3m), and will be built at Meyer Turku shipyard for delivery at the beginning of 2017.

The new ship will comply with the new and stricter emission regulations for the ECA areas including the Baltic Sea.

According to the contract 20 percent of the total cost will be paid during the construction period and the rest upon delivery of the vessel.

AS Tallink Grupp has reported EUR 27.3 million net profit and EUR 921.5 million revenue in unaudited results for 2014 financial year. The group’s unaudited consolidated revenue is 2.2 percent lower compared to the previous year.

Tallink and its subsidiaries carried a total of nearly 8.9 million passengers in the 2014 financial year, 2.6 percent less than the year before.

The group justifies weaker than expected 2014 results with increased competition, continuously weak Nordic economic environment and one-off effects.

Share this article

Follow World Maritime News

Posted on February 27, 2015 with tags .

In Depth>


<< Jan 2020 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >


Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >