Estonian shipping company Tallink Grupp carried a total of 5,580,016 passengers in 2024, which was down 2.2% from 5,705,600 in 2023, ERR reports. The number of passengers increased by 2.5% on the route between Estonia and Finland and 8% on the routes between Estonia and Sweden, but decreased by 15.4% on the routes between Finland…
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 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…
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,…
Estonian shipping company Tallink Grupp carried a total of 1,541,081 passengers in the second quarter of 2023, which was down 0.7% from 1,552,174 in the same period of 2022, The Baltic Times reports. The drop was mostly due to the fact that the company has chartered out 7 of its 15 vessels. Tallink transported 85,359…