• 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 January 21

14:03 CMA CGM joins to the world’s largest operational agreement extention
13:27 Algoma receives full refund for shipbuilding contracts with Uljanik and 3Maj Shipyard
13:13 ESL Shipping strengthens its Chartering team
12:46 Leonid Mashaev appointed as Acting General Director of “State Customer’s Directorate for Seaborne Transport Development Programmes”
12:18 Average wholesale prices for М-100 HFO up to RUB 14,769 in RF spot market
11:49 Dublin Port’s сargo volumes up by 4.3% in 2018
11:22 FESCO and ZIH launching a container train from Germany to China through the Far East
10:55 14 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 20-21
10:27 TransContainer announced its preliminary operating results for the fourth quarter and the full year of 2018
10:04 Brent Crude futures price up 0.41% to $62.94, Light Sweet Crude – up 0.43% to $54.28
09:40 Throughput of port Kaliningrad in 2018 grew by 2% Y-o-Y to 14.05 million tonnes
09:19 Baltic Dry Index is up to 1,112 points

2019 January 20

16:08 Subsea 7 acquires multi-purpose offshore construction and dive support vessel
15:03 TEPCO and Ørsted sign MoU to work jointly on offshore wind projects
13:51 Major contract for JSS awarded to Montreal-based company
12:42 Huntington Ingalls Industries to acquire Fulcrum IT Services
10:47 Algoma provides update on status of fleet renewal

2019 January 19

16:19 Ocean Yield acquires Suezmax tanker Milos for $56.0 million
15:16 Evac expansion continues with acquisition of UK service company Transvac Systems
14:02 Deltamarin contracted to continue with Titanic II project
12:51 SGRE launches 10 MW offshore wind turbine
11:44 Algoma increases its interest in the ocean self-unloader Pool

2019 January 18

18:06 North Carolina Ports sets new record in 2018
17:47 Freight turnover of Neva-Metal (Saint-Petersburg) in 2018 climbed by 3% Y-o-Y to about 3.2 million tonnes
17:25 Okskaya Sudoverf obtains patent for state-of-the-art pontoons
17:06 Hamburg prepares for ‘Hard Brexit’
16:44 Throughput of port Primorsk in 2018 fell by 7% Y-o-Y to 53.48 million tonnes
16:23 GTT receives a new order from SHI to design the tanks of two LNG carriers on behalf of Gaslog
16:20 NOVATEK elects new Board of Directors
15:56 Throughput of port Vyborg in 2018 grew by 25% Y-o-Y to 1.93 million tonnes
15:33 Stena Line’s first new generation ferry ‘floats’ in China
15:21 Bunker sales at the port of Singapore in 2018 fell by 1.7% Y-o-Y to 49.8 million tonnes
15:03 Panama Direct service CMA CGM to resume weekly rotations
14:47 Throughput of port Vysotsk in 2018 climbed by 7% Y-o-Y to 18.79 million tonnes
14:33 GranIHC appointed contractor for Equinor’s Peregrino Phase II Project
14:19 Port of Ust-Luga handled 98.72 million tonnes in 2018, down 4% Y-o-Y
14:03 Algoma Central Corporation increases its interest in ocean self-unloader Pool
13:50 18 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 17-18
13:35 Throughput of the Port of St. Petersburg in 2018 up 11% Y-o-Y to 59.32 million tonnes
13:18 CMA CGM unites its Containerships and MacAndrews brands
13:11 Vladimir Putin supports Government’s proposal on expanding Far East Ministry’s functions with Arctic issues
12:49 Throughput of port Kavkaz in 2018 grew by 11% Y-o-Y to 49.276 million tonnes
12:26 MV Werften purchases Neptun Ship Design
12:08 Sakaide shipyard holds naming ceremony for new LNG carrier jointly owned by NYK and JERA
11:38 PGNiG SA signs agreement for oil and gas exploration and production in UAE
11:14 Remote pilotage to be allowed in Finland
10:47 Free zone status is a crucial advantage for the future development of the Freeport of Riga
10:06 Ice restrictions at the port of Ust-Luga come into effect on January 31
09:42 Brent Crude futures price up 0.9% to $61.73, Light Sweet Crude – up 1.09% to $52.64
09:20 Baltic Dry Index is up to 1,077 points

2019 January 17

18:13 PORT OF KIEL presents annual results 2018
17:51 Ice restrictions at the port of Primorsk come into effect on January 25
17:28 Global Ports sets up a common service call centre
17:09 EFIP welcomes and supports the European Parliament position on the Connecting Europe Facility for 2021-2027
17:05 North Sea Port monitoring the Brexit closely
16:44 ABP invests £700K to boost storage at Port of Ipswich
16:27 Global fuel market: still many uncertainties in both demand and supply
16:22 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
16:05 OCEAN Alliance extends duration of OCEAN Alliance to ten years
15:42 COSCO SHIPPING Ports signs agreement with PSA to add two new berths at the terminal in Boao, Hainan