Aalto Shipping Company acquires a new ship

TAALERI PLC                                 PRESS RELEASE                            13 September 2018                   09:00 EET

Aalto Shipping Company acquires a new ship

The Finnish Aalto Shipping Company started its operations in spring 2018. In early 2018 it acquired two modern ice-strengthened dry bulk carriers for its fleet and started operating them under the Finnish flag.

A new ice-strengthened vessel will be transferred to Aalto Shipping Company’s ownership in September, and it has been chartered for several years starting in October. The ship will operate mainly in the Baltic Sea and North Sea; it has excellent cargo capacity and can manage well even in difficult Nordic Sea ice conditions. The vessel will be renamed m/s Airisto and will fly the Finnish flag. Its home port will be Turku.

"We are pleased that we are again increasing the tonnage sailing under the Finnish flag. We want to strengthen Finnish seafaring, and this third vessel is well suited to strengthen the company’s tonnage. The premise for the purchase was a ship that meets customer needs. The ship was built in Holland in the 2000s and is in excellent condition,” notes Tatu Laurila, Managing Director, Aalto Shipping Company Oy.

Aalto Shipping Company is owned by Taaleri and its customers together with the acting management. Taaleri has capitalised its ownership in Aalto Shipping Company through its co-investment concept in which the company invests capital from its own balance sheet together with its customers.

Taaleri Plc

Communications

Additional information:

Tatu Laurila, Managing Director, Aalto Shipping Company Oy, tel. +358 40 567 8828, tatu.laurila@aaltoshipping.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, Ficolo Oy developing data centers, and Turun Toriparkki Oy and Munkkiniemi Group Oy that are real estate project companies.

At the end of June 2018, Taaleri had assets under management totalling EUR 6.0 billion and 4,600 asset management customers. Taaleri Plc has some 4,100 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

Sophie Jolly, Head of Group communications and IR, sophie.jolly@taaleri.com, tel. +358 40 828 7317