(MENAFNEditorial) In 2018 Q3 5.5 million tonnes of cargo and 3.5 million passengers passed through the harbours of Tallinna Sadam. Compared to the same period of previous year the cargo volume increased 27.5%, mainly due to liquid bulk. The growth of the number of passengers accelerated in the summer period, increasing by 2.2%. There were 2135 ship calls in 2018 Q3.
According to Valdo Kalm, Chairman of the Management Board of Tallinna Sadam, such a large increase in liquid bulk volume in comparison of the third quarters is rather exceptional and mainly results from the very low base level of the previous year. "In the following periods, we do not predict the growth of liquid bulk on this scale, rather we see the stabilization of cargo flows," Kalm explained.
In 2018 9 months the cargo volume of Tallinna Sadam totaled 15.6 million tons, increasing by 9.3% compared to 9 months cargo volume of the previous year. In the 9 months of 2018 8.3 million passengers visited the harbours of Tallinna Sadam, which is 1.0% more than in the comparable period of 2017.
Cargo volume by type of cargo and number of passengers by route in 2018 Q3 and 9 months is presented in the table below:
 Q3 2018 Q3 2017 change 9M 2018 9M 2017 change
Cargo volume by type of cargo
(th tonnes) 5 489 4 306 27,5% 15 581 14 254 9,3%
Liquid bulk 2 596 1 477 75,7% 6 877 5 715 20,3%
Ro-ro 1 315 1 276 3,1% 4 045 3 782 7,0%
Dry bulk 979 955 2,5% 2 762 2 857 -3,3%
Containers 455 489 -6,9% 1 406 1 387 1,4%
in TEUs 56 184 54 706 2,7% 165 106 157 052 5,1%
General cargo 144 108 33,6% 490 509 -3,8%
Non-marine 0 1 -62,2% 1 3 -82,2%
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Number of passengers by routes (th) 3 478 3 405 2,2% 8 305 8 224 1,0%
Tallinn-Helsinki 2 730 2 705 0,9% 6 756 6 749 0,1%
Tallinn-Stockholm 301 298 1,1% 793 780 1,5%
Tallinn-St.Petersburg 32 27 18,1% 63 59 6,4%
Cruise (traditional) 380 338 12,4% 624 553 13,0%
Other 35 36 -3,0% 70 83 -16,0%
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Number of vessel calls by vessel type 2 135 2 226 -4,1% 5 811 5 959 -2,5%
Cargo vessels 470 399 17,8% 1 298 1 273 2,0%
Passenger vessels (incl. Ro-Pax) 1 460 1 637 -10,8% 4 171 4 375 -4,7%
Cruise vessels (traditional) 205 190 7,9% 342 311 10,0%
Tallinna Sadam is one of the largest cargo- and passenger port complexes in the Baltic Sea region, which in 2017 serviced 10.6 million passengers and 19.2 million tons of cargo. In addition to passenger and freight services, Tallinna Sadam group also operates in shipping business via its subsidiaries â€' OÃœ TS Laevad provides ferry services between the Estonian mainland and the largest islands, and OÃœ TS Shipping charters its multifunctional vessel m/v Botnica for icebreaking and construction services in Estonia and offshore projects abroad. Tallinna Sadam group is also a shareholder of a joint venture AS Green Marine, which provides waste management services. Tallinna Sadam group's sales in 2017 totaled EUR 121.3 million, adjusted EBITDA EUR 66.5 million and net profit EUR 26.4 million.
Additional information:
Marju Zirel
Head of Investor Relations
AS Tallinna Sadam
Attachment
2018 Q3 ENG MENAFN0910201800703653ID1097543875
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