OREANDA-NEWS. March 09, 2011. The subsidiaries of AS Tallink Grupp, Baltic SF VII Ltd and Baltic SF VIII Ltd have concluded the charter agreements with Stena Line Ltd for M/S Superfast VII and M/S Superfast VIII. The vessels will be delivered after the end of the high season in August 2011. Until then they are operated on their current route by Tallink. The agreed charter period is three years with the charterers' option to extend for one additional year. The vessels will be operated in the UK waters.

Tallink has been operating M/S Superfast VII and M/S Superfast VIII between Finland and Germany since April 2006. As a result of the increased competition on the route, the increased fuel prices and global recession in the past few years the financial result of Finland-Germany segment of Tallink has become negative. For the 2009/2010 financial year Tallink reported a loss of EUR 14 million from this segment. The prospective charter will improve the result of these vessels so that they will be generating a profit.