Tallink Grupp Opens New Subsidiary in Singapore
- Business & Finance
Estonian Tallink Grupp, a provider of passenger and cargo transport services, is establishing a subsidiary in Singapore, the group’s first in Asia.
With this move, Tallink intends “to simplify the development and expansion of the group’s activities in Asia.”
As informed, Tallink Asia will be headed by Tallink Grupp’s Director of Development Operations, Taavi Tiivel.
“We have always been open about the fact that Tallink Grupp is continuously looking for opportunities to develop our activities and expand into new markets,” Paavo Nõgene, CEO of Tallink Grupp, commented.
Tallink said it has focused on developing and promoting services for Asian passengers in recent years but did not disclose any further details regarding its future activities in Asia.
Earlier this week, Tallink Grupp said it transported more than one million passengers for the first time ever in the month of August and a record number of passengers for the fourth consecutive month in 2019.
A total of 1.02 million passengers were transported on board the company’s ships in August 2019, which is a 2.5 percent year-on-year (yoy) increase.
The company currently owns 14 vessels and operates seven ferry routes under the brand names of Tallink and Silja Line in the Baltic Sea region.