OÜ TS Laevad
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Agreement to use the ferry Regula as a replacement vessel until the end of 2028
Globenewswire· 2026-01-15 06:00
Core Points - A passenger transport public service contract was signed between the Ministry of Regional Development and Agriculture and OÜ TS Laevad for a seven-year period starting on 1 October 2026 [1] - TS Laevad will operate passenger transport services on the Virtsu-Kuivastu and Rohuküla-Heltermaa ferry routes using four of its own ferries and one additional state-owned ferry [2] - An amendment to the agreement allows the ferry Regula, owned by TS Laevad, to be used instead of the state-owned ferry until 31 December 2028 [3] - Regula is expected to make up to 800 trips per year from 1 October 2026 to 31 December 2028, with the Ministry paying both a fixed and variable fee for its use [4] - The contract amendment is seen as beneficial for TS Laevad and investors of the Port of Tallinn, providing stable income and return on assets [5] - Tallinna Sadam operates one of the largest cargo and passenger port complexes in the Baltic Sea region, with subsidiaries involved in ferry services and shipping [5]
MPG AgroProduction OÜ returns the property to Tallinna Sadam
Globenewswire· 2025-12-16 14:00
Group 1 - AS Tallinna Sadam initiated bankruptcy proceedings against MPG AgroProduction OÜ due to MPG's long-term failure to fulfill contractual obligations [1][2] - The Supreme Court terminated MPG's reorganization proceedings on 12 August 2024, and MPG was declared bankrupt on 15 October 2024 [1] - MPG's appeal against the bankruptcy order was dismissed by the Tallinn Circuit Court on 9 September 2025, upholding the previous court's decision [1] 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 shipping [4] - The group operates subsidiaries such as OÜ TS Laevad for ferry services and OÜ TS Shipping for icebreaking and offshore services [4] - Tallinna Sadam is also a shareholder in AS Green Marine, which offers waste management services [4]
Extension of the powers of a member of the Management Board of OÜ TS Laevad – a subsidiary of AS Tallinna Sadam
Globenewswire· 2025-12-02 07:30
Core Points - The Supervisory Board of AS Tallinna Sadam's subsidiary OÜ TS Laevad has extended Katrin Aron's powers as a Management Board member for three years starting from March 20, 2026 [1] - Katrin Aron joined TS Laevad in March 2023 and is responsible for service and commercial activities, holding a master's degree in economics from the University of Tartu [1] - Valdo Kalm, the chairman of the Supervisory Board, praised Katrin Aron's performance, noting that TS Laevad serves over 2.4 million customers annually and her leadership has significantly improved customer satisfaction [2] - The Management Board of TS Laevad consists of three members: Katrin Aron, Indrek Randveer (chairman), and Guldar Kivro [2] - Tallinna Sadam is one of the largest cargo and passenger port complexes in the Baltic Sea region, providing various services including ferry services and shipping operations through its subsidiaries [3] - OÜ TS Laevad operates ferry services between the Estonian mainland and its largest islands, while OÜ TS Shipping charters the multifunctional vessel Botnica for icebreaking and offshore services [3] - Tallinna Sadam group also has a stake in AS Green Marine, which offers waste management services [3]
The Competition Authority approved the price list of electricity network charges of AS Tallinna Sadam
Globenewswire· 2025-11-28 06:15
Core Points - The Estonian Competition Authority approved the amendment to the electricity network charges of AS Tallinna Sadam, effective from 1 March 2026 [1] - The changes in network charges are primarily due to increased input prices from Elektrilevi OÜ and Elering AS, which will positively impact the financial results of the Port of Tallinn [2] Company Overview - Tallinna Sadam is one of the largest cargo and passenger port complexes in the Baltic Sea region, providing services in various harbours including Old City Harbour, Muuga Harbour, Paldiski South Harbour, and Saaremaa Harbour [2][3] - The company operates ferry services through its subsidiary OÜ TS Laevad and provides icebreaking and offshore services via OÜ TS Shipping, which charters the multifunctional vessel Botnica [3] - Tallinna Sadam is also a shareholder in AS Green Marine, which offers waste management services [3]
Changes in the Management Board of AS Tallinna Sadam subsidiary TS Shipping
Globenewswire· 2025-11-26 08:00
Core Points - TS Shipping OÜ has appointed Margus Raad as a new Member of the Management Board, effective from January 15, 2026, for a term of three years, focusing on international business development and sales [1][2] - Valdo Kalm, Chairman of the Supervisory Board, emphasized Raad's extensive maritime and management experience, which will aid in implementing TS Shipping's strategy and identifying suitable offshore projects for the vessel Botnica [2] - Margus Raad has a background in nautical sciences from the Estonian Maritime Academy and has held various positions in the maritime sector, including CEO of Tschudi Ship Management AS since 2012 [3] Company Overview - Tallinna Sadam is one of the largest cargo and passenger port complexes in the Baltic Sea region, providing passenger and freight services [5] - The Tallinna Sadam group operates in the shipping business through subsidiaries, including OÜ TS Laevad for ferry services and OÜ TS Shipping, which charters the multifunctional vessel Botnica for icebreaking and offshore services [5] - The group also has a stake in AS Green Marine, which offers waste management services [5]
Changes in the Management Board of Tallinna Sadam subsidiary TS Shipping
Globenewswire· 2025-11-20 11:20
Group 1 - TS Shipping OÜ has recalled Damir Utorov from the Management Board effective from 30.11.2025, after he joined the company in May 2013 and served as a board member since July 2023 [1][2] - The Supervisory Board expressed gratitude for Utorov's contributions, particularly in chartering the multifunctional icebreaker Botnica and establishing international contacts [2] - TS Shipping is in the process of recruiting a new member for its Management Board, which currently consists of two members, including Chairman Vahur Ausmees [2] Group 2 - Tallinna Sadam is one of the largest cargo and passenger port complexes in the Baltic Sea region, operating through subsidiaries that provide various shipping and ferry services [3] - OÜ TS Laevad offers ferry services between the Estonian mainland and its largest islands, while OÜ TS Shipping charters the icebreaker Botnica for icebreaking and offshore services [3] - The Tallinna Sadam group also holds a stake in AS Green Marine, which specializes in waste management services [3]
Additional work of the icebreaker Botnica
Globenewswire· 2025-09-11 13:00
The subsidiary company of AS Tallinna Sadam, OÜ TS Shipping, signed an agreement with Atlantic Towing Limited for chartering multifunctional icebreaker Botnica starting 10 September, 2025 for the period of 15 days with an additional option to extend the period day-by-day up to 60 days in total. According to the scope of service, Botnica will be chartered as an auxiliary vessel to support the charterer in Northern Canada. According to a 10-year agreement with the Estonian Transport Administration, Botnica p ...
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]
Ferry Regula additional trips in summer 2025
Globenewswire· 2025-05-05 13:30
Core Points - TS Laevad, a subsidiary of AS Tallinna Sadam, has signed an agreement with the Ministry of Regional Affairs and Agriculture for additional ferry trips on the Virtsu-Kuivastu line from June 19 to August 31, 2025, and for three days in October during the Saaremaa Rally [1] - The company will earn a fixed fee of EUR 931,700 plus a voyage fee of EUR 465 for each additional trip, with a maximum total earning of EUR 1,157,225 for these additional trips [2] - In 2024, TS Laevad had an agreement for 525 additional trips, completing 410 trips based on demand during the summer and 10 in October, earning a total of EUR 1,092,915 [2] - Additional trips are contingent on demand, specifically if at least 200 line meters of vehicles are left behind on scheduled voyages or for dangerous cargo [3] - TS Laevad operates the Virtsu-Kuivastu line with ferries Piret and Tõll, and the Rohuküla-Heltermaa line with ferries Leiger and Tiiu, also owning the replacement ferry Regula [4] - AS Tallinna Sadam is a major cargo and passenger port complex in the Baltic Sea, providing ferry services and operating in shipping through its subsidiaries [5]