Tallink Sells Superfast Duo to Stena Ropax

Tallink Oslo-listed AS Tallink Grupp has inked agreements to sell its two superfast ferries to Stena Ropax Limited in a deal worth EUR 133.5 million (USD 152 million). The ships in question are Superfast VII, now renamed to  M/S Stena Superfast VII and Superfast VIII, also renamed to M/S Stena Superfast VIII, both built in 2001. As disclosed, the vessels are slated for delivery to the buyer in December 2017. Until then they will continue operations in the UK waters according to the charter agreements concluded in August 2011 by Stena Line Ltd. The cash flow from the sale of the vessels will strengthen the groups financial position. The profit from the sale of the vessels is not significant to the consolidated results of AS Tallink Grupp, Tallink said commenting on the deal. Prior to the sale AS Tallink Grupp had four fast ro-pax ferries and operated one vessel under charter agreement. The company also owns 9 cruise ferries, which are operating under the brands of Tallink and Silja Line, and two vessels orientated on cargo transportation.