TAALERI PLC                                 PRESS RELEASE                            8 MARCH 2018

Taaleri’s shipping company project launched
Aalto Shipping Company starts operations with two cargo ships

Aalto Shipping Company, a new Finnish shipping company, is starting operations. The shipping company is owned by Taaleri and its customers together with the acting management. Aalto Shipping Company has acquired to its fleet two modern, ice-strengthened dry bulk carriers and has started operating them. The ships will be moved under the Finnish flag over the coming months.

“The shipping company project restores tonnage to Finnish hands, since the vessels will operate under the leadership of Finnish officers. The ships acquired now are familiar farers of the Baltic Sea, and one of them previously served the Finnish paper industry for many years,” says Tatu Laurila, Managing Director of Aalto Shipping Company Oy.

The names of the two new vessels under the Finnish flag will be m/s “Aurora” and m/s “Bothnia”. The vessels are sister ships built in the Netherlands in 2002. The cargo tonnage of the vessels is 7,750 tonnes (dwt), their total length is approximately 120 metres, and they are extremely fuel-efficient.

The ships meet the high Finnish ice class requirement 1A and can operate in difficult ice conditions year-round. The ships are suited to carrying many types of cargo. Aalto Shipping Company has time-chartered them for several years ahead.

Taaleri has capitalised its ownership in Aalto Shipping Company through its co-investment concept whereby the company invests along with its customers from its own balance sheet.

“Our domestic shipping company project immediately aroused great interest among our customers. In our co-investment model, Taaleri carries the owners’ risk together with its customers. We have found highly competent people to take charge of the project,” says Jorma Alanne, Investment Director at Taaleri.

Taaleri Plc
Communications

Additional information:

Tatu Laurila, Managing Director, Aalto Shipping Company Oy, tel. +358 40 567 8828, tatu.laurila@aaltoshipping.com
Jorma Alanne, Director, Taaleri, tel. +358 50 68 865, jorma.alanne@taaleri.com


Taaleri in brief

Taaleri is a Finnish financial service company, whose parent company Taaleri Plc is listed on Nasdaq Helsinki's main market. The Taaleri Group comprises three business areas: Wealth Management, Financing, and Energy. Taaleri provides services to institutional investors, companies and private individuals. The Group’s operational subsidiaries are: Taaleri Wealth Management Ltd and its subsidiaries, Taaleri Private Equity Funds Group, Taaleri Investments Group, Taaleri Energia Oy Group and Garantia Insurance Company Ltd. In addition, Taaleri has associated companies Fellow Finance Plc, which offers peer-to-peer lending services, Inderes Oy, which produces analyses and market information for investors, and Ficolo Oy developing data centers.

At the end of December 2017, Taaleri had assets under management totaling 5.6 billion euro and 4,400 wealth management customers. Taaleri Plc has some 3,900 shareholders. Taaleri's operations are supervised by the Finnish Financial Supervisory Authority.

More information about our company and services: 

www.taaleri.com/en
www.fellowfinance.fi/en
www.garantia.fi/en


Taneli Hassinen, Head of Communications and IR, taneli.hassinen@taaleri.com, tel. +358 40 5043321