• Follow us
  • Facebook
  • Twitter
  • Linkedin
  • YouTube
  • RSS
  • Contact us

Getting access to our website

Read more

Search form
ISABELLE passing under the iconic Lions Gate Bridge © Bridgemans

ISABELLE passing under the iconic Lions Gate Bridge © Bridgemans

Tallink Grupp completes sale of ISABELLE to Cyprus-based Notamare Shipping Company Limited (Bridgemans)

FerryIn early April 2023 Tallink Grupp’s subsidiaries AS Tallink Latvija and Hansalink Ltd signed a contract with Canadian enterprise Bridgemans Floatel Limited Partnership for a multi-year charter of the company’s vessel ISABELLE with a purchase option. Today (31 Jan), a transaction has been completed whereby Bridgemans has exercised this purchase option, and, as a result, the group’s Cyprus-based subsidiary, Notamare Shipping Company Limited, has acquired the vessel from Tallink Grupp.

The Latvian-flagged ISABELLE, formerly operating on the company's Riga-Stockholm route before the Covid pandemic has been chartered to Bridgemans Floatel Limited Partnership since 1 July 2023 and left Tallinn for Canada in December 2023 after an extensive retrofit of the vessel. The vessel arrived in Canada in early January 2024 and joins a long list of floatels (floating hotels) that Bridgemans has retrofitted, deployed and operated around the world to serve major industrial and resource projects. These floatels are largely self-contained and fully equipped for safe, secure, and comfortable long-term accommodation.

Commenting on the sale of the vessel, Tallink Grupp's CEO Paavo Nõgene said:

"We are pleased that after nearly 11 years as part of the Tallink Grupp fleet and at the respectable age of 35, ISABELLE will now continue to offer a valuable and much-needed service, like the one she was able to offer here in Tallinn to the Ukrainian war refugees – safe accommodation – albeit this time to workers of major global industrial and resource projects.

"Tallink Grupp has a long-standing history and cooperation with Bridgemans, dating back over a decade, so we are pleased ISABELLE is in trustworthy hands and know that she will be looked after well by the new vessel owners."

The sale will have a positive impact on Tallink Grupp's 2024 financial results.

© Shippax

Jan 31 2024


Get the latest news - for FREE

Receive our weekly newsletter with the latest news and unique special offers.

Products

Shippax Info

Our monthly magazine + Online Access.1 year subscription.

More

Shippax Guide 24

GREEN TECHNOLOGIES

More

Shippax Designs 23

FINNSIRIUS

More

Shippax Market 23

Market reports & outlook

More

Shippax Database - Single user

Shippax Database online

More

Ferry Statistics

Price upon request

More

Don’t miss out!

The place to meet the ferry shipping industry!