Tallinna Sadam
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Tallinn Circuit Court dismissed the appeal of MPG AgroProduction OÜ
Globenewswire· 2025-09-10 14:10
Group 1 - Tallinna Sadam initiated bankruptcy proceedings against MPG AgroProduction OÜ due to MPG's long-term failure to fulfill contractual obligations [1][2] - The bankruptcy process for MPG began on 28 November 2023, with subsequent reorganization attempts and a final bankruptcy declaration on 15 October 2024 [1] - MPG's appeal against the bankruptcy order was dismissed by the Tallinn Circuit Court on 9 September 2025, confirming the previous court's decision [1] Group 2 - Tallinna Sadam is a major player in the Baltic Sea region, operating one of the largest cargo and passenger port complexes [3] - The company provides various services, including ferry operations through its subsidiary OÜ TS Laevad and icebreaking and offshore services via OÜ TS Shipping [3] - Tallinna Sadam also holds a stake in AS Green Marine, which specializes in waste management services [3]
Port of Tallinn and TS Laevad appealed the judgement of Tallinn Circuit Court
Globenewswire· 2025-07-31 13:00
Group 1 - The Tallinn Circuit Court partially annulled the Harju County Court's decision regarding the reclassification of allegations against Martin Paide and Toivo Promm, while maintaining that Ain Kaljurand and Allan Kiil were not public officials [1] - The Port of Tallinn and OÜ TS Laevad filed a cassation appeal against the decisions made by the Harju County Court and the Tallinn Circuit Court, seeking annulment of the reclassification of accusations and dismissal of civil action [2] - The management board of the company believes that the ongoing legal events will not materially affect the Group's financial performance or position [3] Group 2 - Tallinna Sadam is a major cargo and passenger port complex in the Baltic Sea region, providing various services including ferry operations and waste management through its subsidiaries [4]
AS Tallinna Sadam operational volumes for 2025 Q2 and 6 months
Globenewswire· 2025-07-09 04:30
Core Insights - Tallinna Sadam experienced positive growth in both cargo volumes and passenger numbers in Q2 2025 compared to the same period last year, with cargo volumes increasing by 8% and passenger numbers by 3.8% [1][2][3] Cargo Volume Analysis - Total cargo volume reached 3.5 million tons, with significant increases in liquid bulk (+115 thousand tons, +37%) and dry bulk (+163 thousand tons, +34%) [3][6] - Ro-ro cargo saw a decline of 6.1% [6] - The overall cargo volume increased from 3.2 million tons in Q2 2024 to 3.5 million tons in Q2 2025, marking a 7.8% increase [6] Passenger Traffic Insights - The number of passengers reached 2.2 million, with a notable increase of 4.3% on the Tallinn-Helsinki route, which celebrated its 60th anniversary [2][3] - Cruise passenger numbers surged by 25%, indicating a growing interest from international travelers, including those from China, the United States, and Japan [3][4] - The total number of passengers increased from 2.165 million in Q2 2024 to 2.247 million in Q2 2025 [6] Vessel Calls and Operations - The number of vessel calls increased by 2.1%, with cruise ships seeing a 46% rise in visits [4][6] - The number of trips for ferries decreased by 1.5%, while the number of passengers on ferries increased by 2.4% [4][8] - The icebreaker Botnica experienced a significant decline in charter days by 63% compared to the previous year [4][8] Summary of Key Figures - Preliminary operational volumes for Q2 2025 indicate a total of 1,841 vessel calls, with 373 cargo vessels and 1,427 passenger vessels [6][8] - The total number of vehicles transported increased by 3.4% [4][8] - The operational data for the first half of 2025 shows a slight overall increase in cargo and passenger volumes compared to the same period in 2024 [6]
Tallinn District Court decision in the criminal case related to the former board members of Tallinna Sadam
Globenewswire· 2025-06-04 18:50
Legal Proceedings - The Harju County Court terminated criminal proceedings against former management board members of AS Tallinna Sadam due to expiration of the limitation period, acknowledging participation in corrupt agreements but classifying them as private sector corruption [1] - The Tallinn Circuit Court partially annulled the Harju County Court's decision, agreeing with the prosecutor's office and victims that certain acts must be reclassified, but upheld that Ain Kaljurand and Allan Kiil were not public officials [2] Company Overview - Tallinna Sadam is one of the largest cargo and passenger port complexes in the Baltic Sea region, providing passenger and freight services, and operating in shipping through subsidiaries [5] - Subsidiary OÜ TS Laevad offers ferry services between the Estonian mainland and islands, while OÜ TS Shipping charters the vessel Botnica for icebreaking and offshore services [5] Financial Impact - The management board believes that the legal events will not materially affect the Group's financial performance or position [4]
Invitation to Tallinna Sadam Investor Conference Webinar for the unaudited results of Q1 2025
Globenewswire· 2025-05-05 14:00
Core Viewpoint - Tallinna Sadam is hosting an investor conference webinar to present its unaudited Q1 2025 results, scheduled for May 12, 2025, with presentations in both Estonian and English [1] Group 1: Webinar Details - The webinar will take place on Microsoft Teams, with the Estonian session starting at 10:00 EET and the English session at 11:00 EET [1] - The management board chairman Valdo Kalm and CFO Andrus Ait will present the results and address questions from participants [1] - Participants are encouraged to submit questions in advance due to time constraints [1] Group 2: Company Overview - Tallinna Sadam is a major cargo and passenger port complex in the Baltic Sea region, providing various services including ferry operations and shipping [3] - The company operates through subsidiaries such as OÜ TS Laevad, which offers ferry services, and OÜ TS Shipping, which charters the multifunctional vessel Botnica for icebreaking and offshore services [3] - Tallinna Sadam is also a shareholder in AS Green Marine, which focuses on waste management services [3] Group 3: Additional Information - Contact information for investor relations is provided, including the head of investor relations, Angelika Annus, and her contact details [4]
Insurance compensation for repairs to the icebreaker Botnica
Globenewswire· 2025-04-30 13:00
Group 1 - The contract between OÜ TS Shipping, a subsidiary of AS Tallinna Sadam, and BP Exploration Operating Company Ltd for the chartering of the multifunctional icebreaker Botnica was terminated in early July 2024 due to a technical failure [1] - Following the termination, repair works were conducted to eliminate the fault, and the vessel Botnica is expected to continue with its next planned charter work [2] - The technical fault was classified as an insured event, resulting in an insurance compensation of 900,000 euros for the repairs, which will positively impact the financial results of the Tallinna Sadam group in Q1 2025 [2] Group 2 - Tallinna Sadam is one of the largest cargo and passenger port complexes in the Baltic Sea region, providing various services including ferry operations and icebreaking [3] - The group operates through subsidiaries such as OÜ TS Laevad, which offers ferry services, and OÜ TS Shipping, which charters the icebreaker Botnica for offshore services [3] - Tallinna Sadam is also a shareholder in AS Green Marine, which specializes in waste management services [3]
AS Tallinna Sadam operational volumes for 2025 Q1
Globenewswire· 2025-04-11 05:00
Core Insights - In Q1 2025, Tallinna Sadam handled 3.3 million tons of cargo and 1.4 million passengers, with a 3.6% decrease in passenger numbers and a 0.7% decline in cargo volume compared to Q1 2024 [1][5] - The number of vessel calls increased by 4.8%, indicating a stable operational environment despite the decline in passenger traffic [1][3] Cargo Volume Analysis - Liquid cargo saw a significant increase of 66.2%, while dry bulk cargo experienced the largest decline of 21.6% [3][5] - The total cargo volume decreased by 24 thousand tons, with specific declines in Ro-ro (-4.5%) and general cargo (-12.7%) [5] - The number of containers increased by 2.1%, reflecting a slight growth in containerized shipping [3][5] Passenger Traffic Insights - The total number of passengers decreased by 53 thousand, with notable declines on the Tallinn-Helsinki route (-3.1%) and Tallinn-Stockholm route (-9.1%) [5][6] - The number of vehicles transported increased by 2.1%, indicating a shift in the type of traffic [6] Vessel Operations - The number of vessel calls for cargo vessels rose by 6.7% and for passenger vessels by 4.3%, suggesting increased activity in both segments [5][6] - The icebreaker Botnica maintained a utility rate of 100% with stable charter days compared to the previous year [6] Operational Stability - The Chairman of the Board noted that operational volumes were generally stable, with an increase in ship calls and a positive outlook on liquid cargo volumes related to European project-based goods [2]