TALLINN – In order to prevent the spread of the novel coronavirus, the Estonian government on Thursday decided to postpone the acceptance of the cruise ship calls until May 1, which means that four cruise ship calls will be canceled.
The management board of port company Tallinna Sadam estimates that this decision will not significantly affect the group's financial results, as the cruise season begins in April and the restriction concerns the cancellation of only four cruise ship calls, the company told the stock exchange.
"We have not received any other cancellations from cruise companies until now, but we will continue monitoring the situation," Tallinna Sadam said.
During the 2019 cruise season from April to October, the total number of cruise ship calls was 345 and the number of cruise passengers was 660,000. The government's restrictions do not concern international passenger lines or ferry lines between the Estonian mainland and largest islands.
Tallinna Sadam is one of the largest cargo and passenger port complexes in the Baltic Sea region, which in 2019 serviced 10.64 million passengers and 19.9 million tons of cargo. According to unaudited financial results, Tallinna Sadam group's sales in 2019 totaled 130.5 million euros, adjusted EBITDA 74.3 million euros and net profit 44.4 million euros.