The state will not use the buyout option for ferries

According to the public service agreement for passenger transport on the Rohuküla-Heltermaa and Virtsu-Kuivastu ferry lines concluded between the Republic of Estonia and AS Tallinna Sadam's subsidiaries TS Laevad OÜ and OÜ TS Shipping (11.12.2014 no. 14-009), the Ministry of Economic Affairs and Communications informed that the state as the customer of the transport will not use the option to buy out the ferries specified in clause 29 of the contract. According to the contract, the state had...

Tallinn, 30/09/2022 (informazione.it - comunicati stampa - turismo)

According to the public service agreement for passenger transport on the Rohuküla-Heltermaa and Virtsu-Kuivastu ferry lines concluded between the Republic of Estonia and AS Tallinna Sadam's subsidiaries TS Laevad OÜ and OÜ TS Shipping (11.12.2014 no. 14-009), the Ministry of Economic Affairs and Communications informed that the state as the customer of the transport will not use the option to buy out the ferries specified in clause 29 of the contract. According to the contract, the state had the right to buy out one to four ferries owned by TS Laevad OÜ built for the purpose of the contract at a fixed price at the end of the contract period, by notifying of the exercise of the option no later than 30.09.2022.

TS Laevad serves Saaremaa and Hiiumaa passenger lines based on a valid passenger transport contract until 30.09.2026, the state has not yet announced a tender to find a service provider for the following period.

Additional information:

Marju Zirel
Head of Investor Relations
Tel. +372 5342 6591

m.zirel@ts.ee