Chairman of the Management Board of Port of Tallinn

Tallinna Sadam has grown into a modern and diversified development, service and maritime company. Our business model integrates our four business lines: cargo handling, passenger service, shipping and seafront real estate. We are a well-capitalised company that is partly owned by the state, pays stable dividends and from last year is also listed on the stock exchange.

As the fourth-largest passenger harbour in Northern Europe, we have launched several large-scale projects in the field of passenger service, such as the reconstruction of passenger terminals and creation of the Smart Port traffic management system in the Old City Harbour, auto-mooring for vessels, and a smart and green cruise terminal. We consistently strive to enhance user experience and work daily to make Estonia’s largest tourist and sea gateway more attractive.

As a leader of innovation in the logistics sector, we have started digitalising the logistics chain and are working with other participants to help increase Estonia’s competitiveness. In addition to the east-west cargo corridor, we have shifted our focus on the north-south cargo flows and the development of Rail Baltica. Last year we signed a number of substantial agreements that provide opportunities for creating added value in the future, such as a cooperation and building title contract for establishing an oilseeds processing plant at Muuga and a memorandum of understanding for building an LNG terminal in Paldiski.

In the ferry business, we have launched a hybrid ferry project and are seeking additional opportunities for implementing environmentally friendly solutions and improving customer satisfaction. The number of passengers on the routes between Estonia’s mainland and biggest islands keeps growing: last summer we hit absolute records on both routes. Cargo transport has also increased substantially because the people on the islands are enterprising and economic activity is high. Another positive development is that we have been able to find summer work for our icebreaker Botnica, which now spends its summers on the other side of the Atlantic, providing services in Northern Canada.

In the real estate business, we have been working closely with the City of Tallinn in executing Masterplan 2030, a long-term development plan that offers profitable property development opportunities. We also continued to develop the industrial parks at Muuga and Paldiski and seek new customers for vacant plots.

As a respected and attractive employer, we offer our employees different motivation packages and continuously invest in increasing employee engagement. To be able to carry out our ambitious business projects, we increasingly need to invest in long-term human resource planning and conscious development of new specialists.

As a listed company, we work hard to meet our promises on dividend yield target and seek growth opportunities in all of our business lines.

 

Valdo Kalm
Chairman of the Management Board of Port of Tallinn