Tallink Grupp
Company Announcement

Letter of intent for constructing a new generation LNG vessel

Tallinn, 2014-12-11 13:30 CET -- Letter of intent for constructing a new generation LNG vessel

AS Tallink Grupp and Meyer Turku Oy signed a Letter of Intent for the construction of an environmentally friendly car-passenger ferry for the Tallinn-Helsinki route shuttle operations. The ship will cost around 230 million euros and will be built at Turku shipyard for delivery in the beginning of 2017. The project will provide approximately 2000 man-years employment for the shipyard.

The new ferry will be about 212 metres in length with a gross tonnage of 49 000. The ship will operate on the route between Helsinki and Tallinn and she is planned to carry 2800 passengers.

The vessel will bring significant improvement in energy efficiency which is achieved by applying numerous innovations and new technical solutions. Green values, reduction of all emissions, minimizing the amount of waste and increasing recycling utilization, have been very carefully taken into account in the design of the ferry. The ship uses LNG as fuel and she complies with the new and stricter emission regulations for the ECA areas including the Baltic Sea.

 “A series of six ferries between years 2002-2009 has been delivered to Tallink and this ship will be the 7th newbuilding for the same shipowner. I´m very happy that Meyer Turku will continue the excellent and trusting cooperation with Tallink. This new ferry prototype gives us an excellent opportunity to apply improved design & building methods. For all these reasons this Letter of Intent signed today is very important to Meyer Turku and to the entire Finnish shipbuilding cluster.”, says Jan Meyer, CEO of Meyer Turku Oy. 

Management Board Member of AS Tallink Grupp, Janek Stalmeister said that with the new ferry Tallink aims for an upgrade of the Tallinn-Helsinki route ferry service. „As the market leader and a long time operator on the route we have a good understanding of customer expectations and know what needs improvement. I am confident that the world-class experience of Meyer Turku will be once again a valuable asset for us to deliver a high quality new ferry, which will strengthen our competitive advantages.“, added he.

Over the next few months Tallink Grupp and Meyer Turku will work towards the shipbuilding contract and financing arrangements.
 

         Harri Hanschmidt
         Head of the Finance Department
         
         AS Tallink Grupp
         Sadama 5/7. 10111 Tallinn
         Tel +372 640 8981
         E-mail harri.hanschmidt@tallink.ee