Here’s an overview of the most remarkable events and important projects for Port of Tallinn in 2018:
Port of Tallinn shares are listed on the OMX Nasdaq Tallinn Stock Exchange in the Baltic Main List since June 13, 2018. The trading symbol of the shares is TSM1T and the number of common shares outstanding is 263 000 000, of which 176 295 032 (67,03%) is owned by the Republic of Estonia and the rest by investment funds, pension funds and private investors. In 2018 Port of Tallinn shares were one of the most traded shares in the Baltic Main List. Since the end of the first day of trading until January 18, the share price has increased by 8.25% and 22.76% compared to the share offering price.
Port of Tallinn IPO was awarded as the Baltic Public Offering of the Year 2018 at the Baltic M&A and Private Equity Awards. The total value of the offer was EUR 147.4 million. The jury evaluated the value, complexity, innovation and strategic importance of the transaction for the Baltic region. Port of Tallinn’s listing was the first state-owned company listing in Estonia in almost 20 years.
Port of Tallinn’s webpage for investors is investor.ts.ee.
On February 21, Port of Tallinn opened passenger terminal A arrivals hall with a renewed interior Design, which is inspired by the theme of Estonian nature and is skilfully combined with today’s modern elements. The new interior design was developed by Latvian design agency BrandEleven.
Throughout the year of 2018 the Republic of Estonia celebrated the 100th anniversary of becoming an independent country. Dozens of events dedicated to this special occasion took place in Estonia and abroad. Port of Tallinn also took part of the centenary making great gifts for Estonia. In February, Port of Tallinn opened a light installation "Gate for Ships" depicting the colours of the Estonian flag. Port of Tallinn employees also participated in the dancing challenge organized for Estonia’s centenary and made a dance video of a modern Estonian dance.
Port of Tallinn was awarded with its first Golden Egg award – Bronze Egg in the category PR – event communication for organizing the communication for opening the new Muuga-Vuosaari Ro-Ro line. Golden Egg is the name of the biggest advertising and marketing competition in Estonia.
Hamburger Hafen und Logistik AG (HHLA) acquired Estonia’s biggest terminal operator Transiidikeskuse AS. A corresponding contract was signed on 26 March. The new subsidiary was allocated contractually and organisationally to HHLA International GmbH. This made HHLA the market leader in container handling at Muuga Harbour. The entry of HHLA, a large international logistics group into Estonia, demonstrates the competitiveness of Estonia’s economic environment and gives reason to expect positive developments and growth opportunities in container shipping.
Since May 2018, Port of Tallinn has implemented the Smart Port traffic management system at two passenger terminals in Tallinn’s Old City Harbour. The vehicle traffic management software solution Smart Port is mostly making guiding cars to the ship automated and speeding it up: due to the automatic license plate recognition, the drivers who have made a booking beforehand are directed automatically to the right check-in booth and then the right lane for going on board. The new system has been developed keeping the passengers in mind as they are the ones to benefit the most as they spend less time waiting in the port, and the entire boarding has become simpler.
In June construction works commenced in Tallinn Old City Harbour’s Terminal D where Tallink ferries are served. Port of Tallinn will reconstruct and expand the passenger terminal giving it a complete makeover. The renewed terminal will have comfy and spacious waiting areas, lots of room for cafeterias and shops. New features include a playing area for children and a private lounge. The construction works will be completed by Summer 2020. The reconstruction of the Terminal D is part of a bigger plan to make the Sea Gate of Estonia and Tallinn more attractive and user-friendly.
On 28 June 2018 Port of Tallinn signed a cooperation agreement and a building title agreement with MPG AgroProduction OÜ for the development of an oilseeds processing and logistics complex at Muuga Harbour. The agreements were signed for a term of 99 years. According to the agreements, MPG will construct a plant for processing oilseeds, a superstructure for loading and unloading raw material and end products on the quays, as well as loading facilities for transporting raw material and end products to and from Muuga Harbour using the railway and road network. MPG’s investment into the superstructure and facilities is estimated to be approximately EUR 200 million. The complex, covering an area of approximately 50 ha, will be situated in the eastern part of Muuga Harbour, which was formerly used by Coal Terminal AS.
The subsidiary company of Port of Tallinn, OÜ TS Shipping, signed an agreement with a Canadian company Baffinland Iron Mines LP for chartering icebreaker m/v Botnica for the 2018 summer period and, subject to certain conditions, also for the summer periods during the years 2019-2022. Baffinland Iron Mines LP is a Canadian mining company, engaged in the mining of iron ore on Baffin Island in Northern Canada. According to the agreement m/v Botnica provides escort ice management services, oil spill and emergency response services. In 2018 Botnica showed its usefulness and functionality in the Canadian Arctic helping to break ice and escort much bigger ships than itself. Botnica’s crew proved that Estonian sailors can always manage despite how difficult the sea conditions are.
Port of Tallinn participated in the World Cleanup Day – 17 million people from 158 countries joined forces and cleaned the world from waste in one day, September 15. The initiative was started by Estonians and was Estonia’s gift to the world for Estonia’s 100th birthday. We at Port of Tallinn cleaned the area near Old City Harbour. We collected about 1.6 tons of waste: general domestic waste – 1.1 tons, tires – 0.4 tons, other waste (electronics, metal, timber) – 0.1 tons.
The ports of Tallinn and Helsinki together with the City of Helsinki and the passenger ship operators Tallink, Viking Line and Eckerö Line obtained EUR 21.4 million EU funding within the 2017 CEF Transport Blending Call for proposals for financing their infrastructure investments. The total cost of the planned investments is EUR 71.2 million. TWIN-PORT 3 project will involve the period 2018-2023. Largest investments will be made by the Port of Helsinki and the City of Helsinki, EUR 24 million and EUR 27 million respectively. The Port of Tallinn will invest EUR 16 million and the ship operators EUR 4 million in total.
In October Port of Tallinn organized already a second public event called City Forum „New Old City Harbour – Good Public Space“ to introduce and explain the Masterplan project by Zaha Hadid Architects to the public as well as collect input and engage stakeholders in a dialogue during a two day moderated workshop. The event was an open one, made available to everyone via social media, #linnafoorum and the event was livestreamed. The City Forum gave an input for the architectural competitions for different areas of the Masterplan 2030.
In 2018, cruise ships called Tallinn 339 times and brought the record-breaking number of 635,068 cruise passengers to Estonia’s capital. Cruise vessels called Tallinn 28 times more than in 2017 and the number of cruise passengers increased by 70 thousand people.
The majority or 30% of all the cruise passengers were Germans, 21% were Americans and 12% had British citizenship. Altogether people from 170 different countries visited Tallinn in 2018. During the cruise season of 2018, cruise vessels called Saaremaa Harbour nine times bringing 2,974 cruise tourists to Estonia’s biggest island Saaremaa.
In 2018, the ferry operator on the vital ferry lines between the Estonian mainland and biggest islands Saaremaa and Hiiumaa TS Laevad serviced the record-breaking number of 2.3 million passengers and up to 999 thousand vehicles. All that was done keeping in mind passengers’ needs and focusing on clients’ satisfaction. Compared to 2017, the client recommendation index has risen from 47% to 58%. Significant growth in the short term makes the company happy, but the goal is to improve the service quality even more by offering better and more secure service. One of the youngest shipping companies in Estonia, TS Laevad, works every day to contribute to the development of the Estonian maritime industry through passenger shipping and to provide the best sea voyage experience in Estonia.
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Vanasadama reisiterminalide juures on võimalik reisijate pealevõtmiseks ja mahapanekuks lühiajaliselt tasuta parkida – selleks on nii A- kui D-terminali juures Kiss&Sail parklad. Kiss&Sail parklad on kasutamiseks nii erasõidukitele, mittelepingulistele taksodele kui ka sõidujagamis-app’ide sõidukitele (Bolt, Uber, Yandex jne). Otse terminali uste ette pääsevad vaid lepingulised taksod (Tallink, Tulika). Terminalide ees on lubatud lühiajaliselt parkida ainult bussidel.