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Avaldamise aeg 03 jaan 2019 09:34:17 +0200
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Pealkiri Icebreaker Botnica charter in summer 2019
Tekst
Baffinland Iron Mines LP declared of using the contractual option to charter the
multifunctional  icebreaker Botnica  in 2019 during  the period  from the end of
June  to the end of October. The exact  number of chartering days and the number
of trips to Northern Canada depends on weather and other conditions.

In the beginning of summer 2018, the subsidiary company of AS Tallinna Sadam, OÜ
TS  Shipping, signed an  agreement with Baffinland  Iron Mines LP for chartering
m/v  Botnica for  the 2018 summer  period including  annual call options for the
summer  periods  in  2019-2022. Baffinland  Iron  Mines  LP is a Canadian mining
company,  engaged in the mining of iron ore on Baffin Island in Northern Canada.
According  to  the  agreement  m/v  Botnica  will  provide escort ice management
services, oil spill and emergency response services.

Last summer m/l Botnica assisted Panamax type vessels within the iron ore export
project  in the Arctic waters  of northern Canada more  than 80 times and proved
its ability to work in extreme conditions.

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 - OÜ TS
Laevad  provides ferry  services between  the Estonian  mainland and the largest
islands,  and OÜ 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:

Marko Raid
Chief Financial Officer/Member of the Management Board
AS Tallinna Sadam
m.raid@ts.ee (mailto:m.raid@ts.ee)