Press release by AS Tallinna Sadam, 9.11.2023
AS Tallinna Sadam (hereinafter Port of Tallinn) signed an agreement with AS Eesti Varude Keskus (Estonian Stockpiling Agency, hereinafter: EVK) for the provision of port services in Pakrineeme harbour. Port of Tallinn ensures readiness to receive ships at the LNG quay and is responsible for the administration and maintenance of the Pakrineeme harbour infrastructure, marine traffic management and, if necessary, pollution control manpower. The infrastructure of Pakrinemee harbour and the responsibility for compliance with its requirements belong to EVK, Port of Tallinn will not acquire additional assets and is only responsible for operating the port.
“With this project, Port of Tallinn can contribute to ensuring Estonia’s energy security, which is crucial today. We hope that the LNG quay will be put into active use and in the future we will be able to serve ships there,” said Valdo Kalm, chairman of the management board of Port of Tallinn. “We will operate Pakrineeme harbour in a modern way by remote control from Paldiski and Muuga harbours, there will not be a single person on site on a daily basis, and we are not planning a single building or facility there either. The project will not bring additional costs for Port of Tallinn, we will ensure the provision of port services with existing resources,” added Kalm.
The term of the contract is four years with an additional four-year extension option. The economic impact on the sales revenue and profit of Port of Tallinn is nearly 0.3 million euros per year (fixed fee), for which infrastructure management and maintenance and permanent readiness to receive vessels are ensured. In the event of a vessel call, an additional fee for the management of marine traffic and the provision of services related to mooring is added to the fixed fee. At the moment, it is not possible to estimate the economic impact of the mooring, because it depends on when and how often ships will call the Pakrineeme harbour in the future.
Port of Tallinn is one of the largest cargo- and passenger port complexes in the Baltic Sea region. In addition to passenger and freight services, Port of Tallinn 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. Port of Tallinn group is also a shareholder of an associate AS Green Marine, which provides waste management services.