The Estonian Transport Administration (Transpordiamet) has mapped around 75% of the country’s seabed so far, ERR reports. The work to survey Estonia’s entire maritime area has been going on for many years and may still take more than 15 years to complete. The seabed survey has not yet reached the area west of Saaremaa and…
Estonian shipping group Tallink Grupp transported 1,451,768 passengers in the second quarter of 2024, which was down 5.8% from 1,541,081 in the same period of 2023, ERR reports. Tallink transported 209,760 passenger vehicles in three months, which was down 11.4% from 236,756 vehicles a year earlier. Meanwhile, the company’s ships carried 86,813 cargo units in…
Estonian investment holding company Infortar has announced a voluntary takeover offer to acquire all remaining shares of shipping and tourism group Tallink Grupp for EUR 0.55 per share, GlobeNewswire reports. Infortar currently owns 46.76% of Tallink’s shares and seeks to acquire the remaining 53.24%. The offer period runs from 2 July 2024 to 5 August…
The cargo turnover of Latvian ports totalled 38.655mn tonnes in 2023, which was down 19.6% from 48.078mn tonnes in 2022, according to data from the Ministry of Transport, Baltic News Network reports. The ministry attributed the decline to changes in the geopolitical situation, particularly the sanctions against Russia. The volume of bulk cargo handled at…
The number of new layoffs in Estonia totalled 3,500 in 2023, which was 22% more than in 2022, according to data from the Estonian Unemployment Insurance Fund (Töötukassa), ERR reports. Around a third of those laid off were formerly employed in the manufacturing and another third in transport and storage. The biggest number of layoffs…
The Estonian shipping company, Tallink Grupp, carried a total of 5,705,600 passengers in 2023, which was up 4.5% from 5,462,085 in 2022, ERR reported. The number of passengers increased on the Estonia-Finland and Estonia-Sweden routes, but decreased on the Finland-Sweden routes. The company’s ferries carried 840,881 passenger vehicles in 2023, which was an increase of…
Latvia’s total volume of passenger traffic by all modes of transport increased in the first half of 2023, according to data from the Central Statistical Bureau, LSM reports. The number of passengers carried by land transport totalled 93.1mn, which was 22.9% more than a year earlier. Regular bus traffic carried altogether 52mn passengers, which was…
Estonia’s state-owned port operator, Port of Tallinn (Tallinna Sadam), generated sales revenue of EUR 57mn in the first half of 2023, which was almost unchanged from a year earlier, ERR reports. The port’s adjusted EBITDA fell by 12% from a year earlier. Net profit stood at EUR 7mn, which was down 42% over a year….
The Estonian shipping group, Tallink Grupp, posted unaudited revenue of EUR 400.9mn in the first half of 2023, which was up 28.4% from EUR 312.2mn in the same period of 2022, GlobeNewswire reports. Six-month EBITDA amounted to EUR 95.6mn (EUR 17.7mn) and net profit to EUR 28.0mn (EUR 40.7mn). In the second quarter of 2023,…