• 2018 October 18 14:11

    Tallink and Rauma marine constructions sign letter of intent for the construction of new shuttle ferry

    AS Tallink Grupp and Rauma Marine Constructions (RMC) last night signed a Letter of Intent for the construction of a new shuttle ferry for the Tallinn-Helsinki route. Tallink says the estimated cost of the project is approximately 250 million euros and the new vessel will be built at the Rauma shipyard in Finland. The construction of the new ship is expected to be completed by the end of 2021. The project will provide approximately 1500 man-years employment for the shipyard.

    The new ferry will be dual fuel operated, using LNG as its main fuel and will have capacity for 2,800 passengers. It will start operating on the Tallinn-Helsinki route, further developing this important route between the two capital cities. The new ferry will be built using all the latest technologies and the most innovative solutions available and the group’s aim is to build the most energy efficient and environmentally friendly vessel operating on the Baltic Sea.  

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

    “Tallink Grupp has put a great deal of resources and effort into developing the Tallinn-Helsinki route for decades. With the launch of the shuttle service over ten years ago, we have built a bridge between the two capitals, offering year-round frequent departures and thus bringing the two countries closer together. The next step on our journey is the continuous development and improvement of that service. Megastar was the first giant leap forward for us and the new ship will be a similarly momentous achievement.

    „We are also very happy to cooperate with a Finnish shipyard on this project, providing valuable man-hours of work and opportunities for several Estonian and Finnish companies and suppliers to benefit from this joint project.“

    „Tallink is a group that is continuously developing and the decisions we make are proof of this. As we continue to grow and build on our offering to our customers, there will no doubt be more news to share in the future.”

     “We are very pleased to announce that Rauma shipyard’s shipbuilding tradition, together with Tallink, will continue with RMC's building of a new Shuttle ship. It is a great honour to be signing a Letter of Intent with our old friends at Tallink who have always shown appreciation for the shipbuilding expertise in Rauma. This is an opportunity for us to utilize our longstanding experience and to help steer the ship traffic between Finland and Estonia in a more environmentally friendly direction,” Jyrki Heinimaa, CEO of Rauma Marine Constructions said.

    Historically four Tallink Grupp ships have been built at the Rauma shipyard (although under different management at different times) and in addition to this, two vessels have been designed in Rauma shipyard. The last ship built at the shipyard was the group’s vessel Baltic Queen, delivered in 2009 and currently operating on the group’s Tallinn-Stockholm route.

    Over the next few months Tallink Grupp and RMC will work on the shipbuilding contract and financing arrangements.




2019 April 19

18:07 Keppel posts net profit of S$203M in 1Q 2019
17:28 Passenger Port of Saint-Petersburg to complete Phase 1 of Berth No7 reconstruction in summer 2019
17:04 Saudi Aramco partners with the Saudi Contractors Authority fostering collaboration at ‘Future Projects Forum’
16:57 BAE Systems Jacksonville secures Navy's conntract mod for DDG 117
15:04 Hyundai LNG Shipping announces order for one VLGC at HHI
14:55 Marina for 100 yachts to be built in Feodosia by Firm “TES” LLC
14:10 C-Fenna successfully completes Fugro 1200 jackup towing operations
13:32 ESPO congratulates Port of Huelva for renewing EcoPorts’ environmental management standard
13:07 Spirit of Vancouver Island vessel returns to service after mid-life upgrade including conversion to natural gas
12:44 New High Bay Container Storage system launched as “BOXBAY”
12:10 ABS teams with industry leaders to improve container vessel safety
11:39 Port Arthur LNG receives FERC authorization for export project in Texas
11:08 Dual-fuel AET tankers conduct maiden LNG bunkering
10:43 Largest barge of Azerbaijan Caspian Shipping Company undergone overhaul
10:19 Brent Crude futures price is down 0.04% to $71.95, Light Sweet Crude – up 0.38% to $64
09:56 Bunker prices are sable at the port of Saint-Petersburg, Russia (graph)
09:35 TransContainer’s transportation volumes in Q1’2019 increased by 7.7% Y-o-Y to 492,000 TEUs
09:17 Baltic Dry Index is up to 790 points
07:42 GTT receives an order from DSME for the tank design of a new LNG carrier

2019 April 18

18:36 South Stream Transport B.V. and Saipem announce the amicable settlement of mutual differences
18:06 Seaway 7 selected as partner to develop Hollandse Kust Zuid Offshore Wind Farm
17:36 WinGD reports strong first quarter 2019
17:11 Launching ceremony held for eighth shallow-draft barge of Project ROB20
17:05 SOFEC completes engineering, supply and delivery of mooring system
16:26 Port of Murmansk to welcome eight cruise liners in summer season of 2019
16:05 Cooperation agreement between Eimskip and Royal Arctic line approved by the Icelandic Competition Authority
15:44 Navios Acquisition announces $103.2 million sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers
15:12 Nefteflot laid down two barges of Project RDB12 ordered by STLC
15:10 MOL to acquire strategic stake in six group companies, each owning a Very Large Ethane Carrier
14:40 Port of Rotterdam freight throughput grows by 5.1% in first quarter of 2019
13:44 Bunker prices are slightly up at the Far East ports of Russia (graph)
13:03 Biggest European shipbuilders collaborate on vessel connectivity in project Code Kilo
12:49 NOVATEK reports preliminary operating data for the first quarter 2019
12:13 Frontex, EMSA and EFCA open second annual European Coast Guard Event
11:51 RF Navy’s Northern Fleet takes part in combat training missions as part of final check for winter training season
11:27 ASCO took part in TransRussia-2019
11:00 ZIM joins to blockchain shipping solution TradeLens
10:44 Shareholders agreement on construction of Lavna terminal signed under Murmansk Transport Hub project
10:28 Brent Crude futures price is up 0.1% to $71.69, Light Sweet Crude – up 0.09% to $63.82
10:09 ABS teams with industry leaders to improve container vessel safety
09:53 Keppel secures integration and upgrading contracts worth around S$160 million
09:37 Tri-City ports take part in Seatrade Cruise Global
09:36 Bunker Market this morning, April 18
09:15 Baltic Dry Index is up to 767 points

2019 April 17

19:00 SMS Towage’s Humber fleet adds new tug
18:36 CMA CGM has announced FAK rates from Asia to North Africa
18:06 DESMI's CompactClean Ballast Water Management System receives US Coast Guard Type Approval
17:36 Denmark's first new-build hybrid ferry on key passenger route
17:06 CMA CGM announces FAK rates from Asia to the Mediterranean
16:38 Matson receives new cranes at its Honolulu hub terminal
16:17 Stena Europe undergoes refit upgrades in Turkey
16:11 Kuehne + Nagel launches first online seafreight service solution with guaranteed lead time in container shipping
15:40 HELCOM addressed nutrients, stormwater and microlitter issues at PRESSURE 10-2019
15:04 Murmansk Commercial Seaport commissions dust and wind shields
14:39 Port of Riga and Port of Qingdao sign Cooperation Agreement
14:02 Damen launches two road ferries for Canadian operator BC Ferries
13:22 DNV GL awards CMHI AIPs for two new offshore designs
12:53 Pacific Fleet warships and Royal Thai Navy hold joint trainings in the Sea of Japan
12:31 Port of Cardiff prepares for start of 2019 cruise season
12:22 Tristar Group signs second major deal with Shell for 6 chemical tankers