Port of Tallinn’s Key Achievements and Major Events 2025

Port of Tallinn Share Delivered an Annual Return of 29.6%

The annual return of the Port of Tallinn share amounted to 29.6%. As of 30 December 2025, the share price increased by 23% year-on-year, rising from EUR 1.056 to EUR 1.296. During 2025, the Port of Tallinn paid dividends of EUR 0.073 per share, totalling EUR 19.199 million, representing 100% of the previous year’s profit.
The Port of Tallinn has positioned its share as a dividend stock. The dividend policy targets net dividends of at least 70% of the previous year’s profit, subject to market conditions, growth opportunities and liquidity needs. With a stable business model, diversified risks and ongoing growth projects, the Port of Tallinn remains an attractive investment with over 22,000 shareholders.

Recovery of Cargo Volumes and Record Shipments

In 2025, cargo volumes continued to recover and several records were set. The Port of Tallinn’s cargo ports handled a record 300,000 tonnes of steel originating from China and Turkey. In November, one of the largest grain shipments in the history of Muuga Harbour was loaded: 75,000 tonnes of Estonian-grown wheat, equivalent to nearly 2,600 truckloads, shipped to Spain.
In Paldiski South Harbour, liquid bulk volumes recovered to pre-crisis levels, mainly consisting of cargo transported from major European ports for storage and blending and subsequently shipped onward as finished products to distant destinations.

Completion of the New Quay in Paldiski South Harbour

A 310-metre-long multifunctional quay with a water depth of 13.5 metres and a 10-hectare rear area was completed in Paldiski South Harbour. The new infrastructure creates conditions for cargo growth and new business opportunities, strengthens Estonia’s defence capability and enables the Port of Tallinn to act as a key partner in onshore and offshore wind farm construction projects. The quay will enter operation following the issuance of the operating permit.

New Wallenius SOL Ro-Ro Vessel

Since June, Paldiski South Harbour has been served by the environmentally friendly ro-ro vessel ML South Enabler operated by Wallenius SOL. The new vessel strengthens Wallenius SOL’s presence in the Baltic region, supports sustainable maritime transport and diversifies cargo flows through the Port of Tallinn.

New Opportunities and Investments in Muuga Harbour

In Muuga Harbour, several new development opportunities emerged in 2025. Panamir OÜ acquired the assets of Sankotrans and plans to establish a cocoa butter production facility. An agreement was signed with PK Terminal for the use of former Alekon land, where a new dry bulk warehouse will be developed.
Following the bankruptcy of MPG AgroProduction OÜ, a property in Muuga Harbour was returned to the Port of Tallinn. Due to its proximity to long and deep Panamax-capable quays, the site has strong potential for future development. A tender for the terminal land will be launched in 2026.

Rail Baltica Connection to Muuga Freight Terminal

Rail Baltic Estonia signed a design contract with AllSpark OÜ to connect Muuga Harbour to the future Rail Baltica network. The approximately 16 km Soodevahe–Muuga section is planned for freight traffic. In connection with the Muuga rail terminal development, the Port of Tallinn transferred approximately 165,000 m² of land to the state, which had a positive impact on the company’s 2025 financial results.

Agreement on Kazakh Grain Transit

A memorandum of understanding was signed between Food Contract Corporation, Kedentransservice, the Port of Tallinn and Muuga Grain Terminal to explore the transit of up to 2 million tonnes of Kazakh grain through Muuga Harbour over three years.

International Oil Spill Response Exercise “Clean Sea”

In June, the large-scale international oil spill response exercise “Clean Sea” took place in the Baltic Sea, involving the Estonian Navy, the State Fleet and partners from Finland and Sweden. Muuga Harbour played a central role in testing cooperation and preparedness.

Successful Amendment of Electricity Network Tariffs

In November, the Estonian Competition Authority approved amendments to the Port of Tallinn’s electricity network tariffs in Old City Harbour, Muuga Harbour, Paldiski South Harbour and Saaremaa Harbour. The amendment has a positive impact on financial performance.

Estonia’s First BIM-Based Building Permit

The City of Tallinn issued Estonia’s first BIM-based building permit for the construction of the largest substation in Old City Harbour near the cruise terminal, developed by KOKO Architects in cooperation with the Port of Tallinn. The project received the Innovation Project of the Year award.

EU Funding for Cruise Ship Shore Power

With EU support, a shore power connection for cruise ships will be built in Old City Harbour by 2030, significantly reducing emissions and noise and strengthening the Port of Tallinn’s competitiveness.

 

New Cruise Operator and Vessels

In 2025, Old City Harbour welcomed a new cruise operator, The Ritz-Carlton Yacht Collection, with the vessel Ilma. In addition, 11 cruise vessels visited the harbour for the first time. Over nine months, Tallinn and Saaremaa handled 125 cruise calls by 50 vessels, bringing over 190,000 cruise passengers.

Record Winter Cruise Season

A record winter cruise season was achieved with five cruise calls in November and December, bringing over 15,000 passengers.

 

 

TUI and the Estonian Food Bank Join Forces

From 2025, hundreds of kilos of surplus food from TUI Cruises ships calling at Tallinn Old City Harbour will be donated to people in need. The initiative between TUI Cruises, the Port of Tallinn and the Estonian Food Bank helps reduce food waste while supporting local communities. This year, Mein Schiff 7 donated 207.1 kg of food during four visits.

Swed-Est Green Collaboration Launched with the Port of Stockholm

In November, the Port of Tallinn and the Port of Stockholm signed a Memorandum of Understanding, launching the Swed–Est Green Collaboration. The partnership promotes environmentally sustainable, fossil-fuel-free port services between Tallinn, Stockholm, Paldiski South Harbour and Kapellskär. The agreement includes concrete joint projects to deliver future-proof solutions for passengers and cargo operators.

35 Years of the Tallinn-Stockholm Ferry Route

On 17 June, 35 years marked the restoration of regular ferry services between Tallinn and Stockholm, symbolising renewed ties with Western Europe. Since then, over 20 million passengers have travelled this route, highlighting its importance for connectivity, tourism and economic development.

60 Years of the Tallinn-Helsinki Ferry Route

On 7 July 2025, 60 years passed since the reopening of the regular ferry connection between Tallinn and Helsinki—a milestone in Estonian–Finnish relations.

Dating back to the 19th century, the route was interrupted during the Second World War and reopened in 1965, becoming Soviet-era Estonia’s only permanent maritime link to the West.

The anniversary was celebrated at Tallinn Old City Harbour with a lively public event organised by the Port of Tallinn and ferry operators, featuring a large open-air quiz that drew a record crowd.

Honouring Maritime Heritage at the Old City Harbour

In February, a landmark marking the historical location of the Estonian Maritime Museum was unveiled at the D-Terminal, commemorating the museum’s founding 90 years ago. In July, named captains’ benches were unveiled around Admiralty Basin to honour distinguished Estonian captains.

Strengthened Cooperation with Universities

The Port of Tallinn strengthened cooperation with Tallinn University through a framework agreement signed on 16 June to improve mobility solutions in the Sadama Asum area. Cooperation also continued with the Estonian Academy of Arts and Aalto University through the “From Port to City” project, as well as with TalTech through MarineHack 2025, focusing on maritime innovation.

Investment Club Initiative

In October, the Port of Tallinn Group launched an employee Investment Club to promote financial literacy and investment knowledge.

 

 

Green Marine – Circular Economy Promoter of the Year

Port of Tallinn’s associated company Green Marine AS was awarded the 2025 Circular Economy Promoter of the Year title for its construction and demolition waste treatment facility.

---

Subsidiaries – key achievements & events 2025:

TS Laevad

Extension of Management Board Member’s Mandate
The Supervisory Board of TS Laevad extended the term of office of Management Board member Katrin Aron for three years starting from 20 March 2026. Katrin Aron joined TS Laevad in March 2023 and is responsible for service and commercial areas.

Top 3 Regional Internship Provider
TS Laevad provides practical training opportunities for future deckhands, motormen and electro-mechanics. In 2025, TS Laevad was recognised among the Top 3 regional internship providers by the Estonian Employers’ Confederation, selected from a record 104 applications.

New Merchandise Products
After several years, TS Laevad expanded its onboard merchandise range. New items now include sticker sheets, playing cards and textile tote bags, available alongside magnets and pens.

New Playrooms on the Virtsu-Kuivastu line
The children’s playrooms on ferries Piret and Tõll were relocated to Deck 5 and fully renovated. Similar playrooms are now also located on Deck 5 on the Hiiumaa line ferries.

Record Summer Season
During summer 2025, TS Laevad carried 1,062,168 passengers and 462,256 vehicles on the Saaremaa and Hiiumaa ferry routes – the highest figures ever recorded. Passenger numbers increased by 0.2% and vehicles by 1.8% compared to summer 2024.

Digital Logbooks and MARPOL Module
On 17 July, TS Laevad implemented the MARPOL module of the electronic logbook system, enabling digital logging of oil and garbage records. This supports efficiency and environmental compliance under the MARPOL Convention.

Safety Exercises and Maritime Safety Days
Maritime Safety Days were held on TS Laevad ferries in July, focusing on lifejacket awareness. In addition, a Defence Forces exercise was conducted onboard ferry Tiiu, focusing on security response scenarios.

Shore Power Testing in Virtsu
TS Laevad conducted a two-week shore power test in cooperation with Shore Link OÜ, connecting ferry Piret to a shore power unit at Virtsu port to assess technical feasibility for future electric ferry charging.

E-ticket System Improvements
From 20 May, changes were implemented in the e-ticket booking system to improve clarity regarding sold-out departures and general queue ticket availability.

Power Grid Desynchronisation Preparedness
In preparation for the Baltic States’ disconnection from the Russian power grid and synchronisation with Continental Europe on 8 February, TS Laevad reviewed and prepared contingency measures for extended power and communication outages.

---

TS Shipping

Successful Salvage Operation of Cargo Vessel Thamesborg
On 6 September 2025, the Dutch-flagged cargo vessel Thamesborg ran aground in Franklin Strait, Northern Canada. Icebreaker Botnica participated in the successful salvage operation, preventing environmental damage.

Digital and Technological Development
In 2025, TS Shipping achieved significant digital progress, becoming the first Estonian-flagged vessel granted magnetic compass exemption. Electronic logbooks, upgraded navigation and DP systems, and online crew training were introduced.

Technical Maintenance and Vessel Condition Improvements
Extensive maintenance works included lifeboat davit overhauls, corrosion control, repainting, and renovation of accommodation facilities, largely completed by the vessel’s own crew.

Crew Training and Operational Readiness
Regular onboard training, helicopter exercises and systematic trainee programmes ensured high operational readiness. Crew equipment upgrades included electric bicycles and laptops, improving efficiency.

Visibility and Public Engagement
TS Shipping participated in public events such as Operation “Poi” and Tallinn Maritime Days, enhancing visibility and public outreach.

Efficiency and Cost Management
Cost optimisation measures included supplier changes, process optimisation and more efficient resource use.