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

Ports

Massive cargo ship runs aground in US

A 33,044-ton cargo ship ran aground Wednesday in the Delaware River near the Burlington-Bristol Bridge, between Pennsylvania and New Jersey.   According to the U.

Dubai to Expand LNG Terminal

The UAE is planning to expand the capacity of a liquefied natural gas (LNG) terminal in Dubai to help meet rising demand for electricity and water, the energy minister Suhail Al Mazrouei said.

Bulk Carrier Runs Aground in Delaware River (Link to Video)

Coast Guard Sector Delaware Bay is investigating a ship aground in the Delaware River near the Burlington Bristol Bridge, which connects Burlington, NJ and Bristol Township, PA.

Ship Sales

Navig8, Ocean Yield in Chemical Tanker Deal

Norway’s Ocean Yield has bought eight chemical tanker newbuildings for $306.8m from Navig8 Chemical Tankers Inc, which will lease the vessels back on 15-year   "hell and high" bareboat charters.

GasLog Acquires 2 BG Carriers

GasLog Ltd. completed the acquisition of two LNG carriers from Methane Services Limited, a subsidiary of BG Group plc, which was previously announced on December 22, 2014.

OOCL Orders Six Ultra-Large Container Ships

Orient Overseas (International) Ltd. has placed a new order for six mega 20,000 teu container ships from South Korean shipbuilder Samsung Heavy Industries Co. for US$951.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.3118 sec (3 req/sec)