Estonian Port Buys Icebreaker

Press Release
Thursday, October 25, 2012
Icebreaker MSV Botnica: Photo credit Port of Tallinn

Port of Tallinn signs the purchasing agreement for icebreaker 'MSV Botnica'.

The 50 million euro agreement is with the Finnish shipping company Arctia for the outright purchase of the icebreaking vessel. MSV Botnica is a multipurpose icebreaker built in 1998 by Aker Finnyards in Rauma, Finland. Her ice class is ICE-10, length (LOA) is 97.3 and beam 24.3 metres. The maximum speed of MSV Botnica is 16.5 knots in open water; she can maintain a speed of 8 knots in ice up to 80cm thickness. The maximum ice thickness in which the ship is capable of maintaining constant speed is 1.2 meters.

“We are planning to finance the purchase with a short-term loan from a commercial bank,” says Marko Raid, the CFO of Port of Tallinn. In longer term the Port of Tallinn is seeking to refinance the purchase through a loan from the Nordic Investment Bank over anticipated maturity period of up to 10 years.

“This is an excellent outcome for us both and it will benefit the maritime traffic for the whole Gulf of Finland. MSV Botnica is originally built for icebreaking in the Gulf of Finland and we are glad to see that the vessel will continue this work,” says Tero Vauraste, CEO of Arctia. “Botnica has a strong record from the hard winters in Finland and it has an excellent reputation from other seas as well.”


The Port of Tallinn will use MSV Botnica for providing icebreaking services according to a ten-year contract signed with the Estonian Maritime Administration (EMA) on Tuesday. In Estonia, the EMA is responsible for organising icebreaking services. The Port of Tallinn will, according to the contract, provide the EMA with the vessel and crew for that purpose.
 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Kenya Eyes Inland Cargo Logistics Hub to Serve Nearby States

Kenya aims to build a cargo logistics hub near the border with Uganda to receive and clear goods through customs that arrive by air, rail or road, easing pressure

Port of Ngqura’s New Automated Mooring System

The automated mooring system at the Port of Ngqura in South Africa’s east coast is poised to improve port efficiency and safety, cementing the deep water port’s

General Mills Strategically placed in Port Salford

General Mills UK & Ireland – responsible for a range of market-leading brands, including Old El Paso, Green Giant, Betty Crocker and Nature Valley – is to be

Ship Sales

Algoma Central Orders New Great Lakes Ships

Algoma Central Corporation announces $160 million investment in fleet expansion and fleet renewal   Algoma Central Corporation announced that it has acquired

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

Navios Buys 14 Distressed Ships from HSH Nordbank

Navios Group has agreed to acquire another 14 vessels from HSH Nordbank in the second major distressed fleet deal between the two parties in the past two years.

 
 
Maritime Contracts Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2839 sec (4 req/sec)