Ferry News Archive
Tallink pays €310m for Superfast ships
Date: 22 Mar 2006 00:00 Source: Lloyd's Register - FairplayTallink Grupp, the Estonian ferry operator, has paid €310M ($372M) for three fast ro-pax ferries of Attica Group, the Greek company that trades under the Superfast Ferries brand name. The deal includes Superfast VII, Superfast VIII and Superfast IX, all of about 30,000gt and built in 2001-02. The ships have 2,000 lane metres of freight capacity and can accommodate about 700 passengers; they operate between Hanko in Finland and Rostock in Germany.
Tallink plans to phase the ships into services between Estonia and Finland, and between Estonia and Germany. The company has so far only traded in the northern Baltic, but the introduction of a service to Germany will expand its business to central Europe. Superfast introduced its Hanko-Rostock service in May 2001 initially using two ships. Later in that year, it opened a service between Södertälje, south of Stockholm, Sweden, and Rostock; this was closed only after a few months due to lack of cargo. The sale of the three vessels marks the end of Superfast’s presence in the Baltic and its Rosyth-Zeebrugge service is the only one remaining outside its core Adriatic business.
Tallink is about to open a service from Riga to Stockholm using the 1979-built 16,000-gt Fantaasia. The company raised $199M in an IPO in the autumn, and has one fast ro-pax vessel on order from Fincantieri, one from Aker Finnyards and two cruise ferries from Fincantieri.
More Ferry News from directferries.co.uk
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