Estonia: Port of Tallinn Moves in Right Direction
Port of Tallinn (AS Tallinna Sadam) earned an unaudited half-year net profit of 20.2 million euros with company’s turnover reaching 59 million euros. Compared to last year the turnover increased by 7% and the net profit by 16%.
“The first half of this year introduced the best ever figures for Port of Tallinn, both financially and concerning the record number of passengers,” said Ain Kaljurand, the Chairman of the Management Board of AS Tallinna Sadam.
In May 2014 Port of Tallinn opened a new 9.34 million euro cruise ship quay in Vanasadam. The volume of bottom dredging amounted to a total of 12,300 cubic metres, and over 200 steel piles 30–46 metres in length were installed in the seabed in the course of the construction.
The quay enables Tallinn to moor cruise ships up to 340 metres in length, up to 42 metres in width, and with the draft of up to 9 metres.
The operator finished the installation of terminal devices in Muuga Harbor’s container terminal infrastructure and the terminal operated as planned by the end of the first 6 months of this year.
In six months the ports of Port of Tallinn were visited by cargo ships 1051 times and cruise ships 2327 times.
Press Release, July 30, 2014