Yahoo Finance Ferry Regula additional trips in summer 2024
The subsidiary of AS Tallinna Sadam, OÜ TS Laevad, signed an additional agreement with The Ministry of Regional Affairs and Agricultural (hereinafter: "Ministry") based on the public passenger transport service Ministry will order additionally up to 375 trips with the ferry Regula on Virtsu-Kuivastu line from 20 June to 4 August 2024.
For the summer period additional trips, TS Laevad will earn fixed fee of EUR 676,890, plus a voyage fee of EUR 465 per each trip. The maximum total amount for additional trips is EUR 851,265. In addition, Ministry has the option to extend the order for additional period until 18 August (included) by giving at least 14 days’ notice prior to the period start. When extending the order for additional trips, an additional fee is added to the above.
In 2023 Regula made 474 trips based on demand in the period from 1 June to 17 September.
Similar to the last four years, the additional trips are based on the demand and TS Laevad will perform additional voyages if at least 200 line meters of vehicles have been left behind on the scheduled voyage, for the transfer of which a ticket for the scheduled voyage of the main vessel has been purchased, or it is optimal to perform a dangerous cargo voyage with an additional vessel. No additional voyages shall be made at a time when Regula is required to perform the function of a replacement vessel in the event of a breakdown of other TS Laevad ferries or if the vessel itself fails.
TS Laevad services Virtsu-Kuivastu line with ferries Piret and Tõll and Rohuküla-Heltermaa line with ferries Leiger and Tiiu. The company also owns replacement ferry Regula.
Tallinna Sadam is one of the largest cargo- and passenger port complexes in the Baltic Sea region. In addition to passenger and freight services, Tallinna Sadam group also operates in shipping business via its subsidiaries – OÜ TS Laevad provides ferry services between the Estonian mainland and the largest islands, and OÜ TS Shipping charters its multifunctional vessel Botnica for icebreaking and offshore services in Estonia and projects abroad. Tallinna Sadam group is also a shareholder of an associate AS Green Marine, which provides waste management services.
Additional information:
Andrus Ait
Chief Financial Officer
Tel. +372 526 0735
a.ait@ts.ee
