Tallink Grupp Is the Leading Short Cruise and Ferry

Total Page:16

File Type:pdf, Size:1020Kb

Tallink Grupp Is the Leading Short Cruise and Ferry TALLINK GRUPP IS THE LEADING SHORT CRUISE AND FERRY OPERATOR WWW.TALLINK.COM OVERNIGHT CRUISE & ONBOARD TAX-FREE CARGO GROUP OF STRONG BRANDS LEISURE & CITY BREAK 5 HOTELS PASSENGER TRANSPORTATION SHOPPING & CATERING TRANSPORTATION AS TALLINK GRUPP | Sadama 5/7 | Reg. Nr.:10238429 | Phone: +372 6 409 800 | Fax: +372 6 409 810 | E-mail: [email protected] | MAY 2018 | Investor Relations | E-mail: [email protected] | Phone: +372 640 9914 STRATEGIC PLAN WE OPERATE 7 ROUTES Tallink’s vision is to be the market pioneer in Europe by offering excellence in 5.5 m Other RUS Restaurant & shop Finland-Estonia leisure and business travel and sea transportation services 13% FINLAND LIT 2% 56% 36% 2% Turku Helsinki Long term objectives toward increasing the company value and profitability: LAT Mariehamn 4% SWEDEN Vuosaari Cargo - Strive for the highest level of customer satisfaction Kapellskär 12% - Increase volumes and strengthen the leading position on our home markets Swedish PASSENGERS Finnish Muuga 2017 Stockholm Tallinn - Develop a wide range of quality services directed to different customers and 12% 48% Paldiski 10.0 m ESTONIA REVENUE 2% Accom. REVENUE pursue new growth opportunities BALTIC SEA 1.3 m STRUCTURE 2% Leases BY ROUTES - Ensure cost efficient operations Estonian 3% Other Other - Manage the optimal debt level that will allow sustainable dividends 19% Riga Finland-Sweden 12% LATVIA 2.0 m Current focus is on core operations to realize past investments. Along with the 37% optimal fleet deployment the emphasis is on the profitability improvement and Ticket Swe-Est LITHUANIA 25% Swe-Lat 7% deleveraging. THE PASSENGER MARKET SHARE OF TALLINK GRUPP IS 47% 9% Current strategic cornerstones and competitive advantages: IN THE NORTHERN BALTIC SEA BELARUS Staff Marketing 17% & Admin Total market 13% 20 POLAND 20.5 million MOST MODERN WIDE ROUTE STRONG MARKET SHARE HIGH SAFETY LEVEL & GERMANY Other passengers FLEET NETWORK & BRAND AWARENESS ENVIRONMENTAL STANDARDS 18 Eckerö Line Port 16 11% 14 Viking COST KEY INFORMATION 2017 Line 12 STRUCTURE Goods Fuel 10 9.8 million Passengers transported 9 755 720 P/E 18 passengers 25% 8% 8 Sales 967 mil EUR ROA 4.3% Ship EBITDA 158 mil EUR ROE 5.7% 6 Tallink operating 4 Grupp 10% Net Profit 46 mil EUR Equity Ratio 54% Amortization Average number of employees 7 406 EBITDA Margin 16% 2 3% 9% 4% 0 Financial Other EPS 0.069 Book value per share 1.25 EUR 2014 2015 2016 2017 HISTORY 1883 1910 1928 1957 1965 1989 1990 1996 2001 2002 2003 2004 2005 2006 2009 2011 2015 2017 Finnish Service between Service between One vessel. Hotel Rights Issue. Over 1.3 billion euros invested Steamship Turku & Helsinki & Silja Line Tallinn-Helsinki Tallink 166 th Management Tallinn-Stockholm First newbuilt Private operation IPO Tallink and Silja during the fleet investment program. 9M passengers 1.3M 2.0M Club One New generation LNG Co founded Stockholm Stockholm established route founded passengers buyout route cruise ferry placement starts Line merged 8M passengers reached Club One members members Shuttle ferry OUR FLEET CONSISTS OF 14 ICE CLASS SHIPS AND HAS A VALUE OF EUR 1.5 BILLION AGE OF FLEET BY VALUE WE OPERATE 5 HOTELS (1300 ROOMS) Megastar Baltic Queen Galaxy Silja Europa Isabelle Built: 2017 Built: 2009 Built: 2006 Built: 1993 Built: 1989 Tallink City Pirita Top Spa Length: 212 m Length: 212m Length: 212m Length: 202m Length: 171m Rooms: 332 Rooms: 267 Passengers: 2800 Passengers: 2800 Passengers: 2800 Passengers: 3123 Passengers: 2480 25+ Conference Wellness & MediSPA Tallinn-Helsinki Lanemeters: 3600 Tallinn-Stockholm Lanemeters: 1130 Turku-Stockholm Lanemeters: 1130 Tallinn-Helsinki Lanemeters: 932 Riga-Stockholm Lanemeters: 850 years Tallinn Nightclub Tallinn National Heritage Star Victoria I Silja Symphony Regal Star Atlantic Vision 16-25 Built: 2007 Built: 2004 Built: 1991 Built: 1999 Built: 2002 years 1-10 Tallink Spa & Length: 186 m Length: 193m Length: 203m Length: 157m Length: 203.3m years Conference Tallink Express Passengers: 2080 Passengers: 2500 Passengers: 2852 Passengers: 80 Passengers: 728 Rooms: 275 Rooms: 163 Tallinn-Helsinki Lanemeters: 2000 Tallinn-Stockholm Lanemeters: 1030 Helsinki-Stockholm Lanemeters: 950 Paldiski-Kapellskär Lanemeters: 2087 Chartered out Lanemeters: 1900 11-15 Tallinn Aqua Spa TallinnTallinn Resto & Bar Tempo Baltic Princess Romantika Silja Serenade Sea Wind years Tallink Hotel Built: 2008 Built: 2002 Built: 1990 Built: 1972 Riga 30% of the hotel guests Length: 212m Length: 193m Length: 203m Length: 155.0m Rooms: 256 arrive with Tallink ships Passengers: 2800 Passengers: 2500 Passengers: 2852 Passengers: 260 Conference Turku-Stockholm Lanemeters: 1130 Riga-Stockholm Lanemeters: 1030 Helsinki-Stockholm Lanemeters: 950 Tallinn-Helsinki Lanemeters: 1100 Riga GYM CORPORATE FACTSHEET WWW.TALLINK.COM FINANCIALS OUR POSITION IN THE WORLD SHARE PRICE DEVELOPMENT R 2015 2016 2017 1600 U E FERRY OPERATOR BY GROSS TONS s THE WORLD'S TOP DUTY FREE & TRAVEL RETAIL SHOPS 2016 n R 1.3 45 o Cash i U Revenue 945 938 967 Other Rank Company Gross tons Rank Location Country Channel ion E ill Intangibles ill M 1400 1 Stena Line 1 064 790 Sales > US$ 1,500.0 million TAL1T 40 M 1.2 Cost of sales 722 745 772 Other 2 Grimaldi Lines 701 340 1 SEOUL - Incheon Int'l Airport South Korea Airport Shops UR 3 Tallink 512 817 2 DUBAI - Dubai International Airport UAE Airport Shops 35 E Marketing & GA expanses 111 123 125 1.1 4 DFDS Seaways 438 479 3 SINGAPORE - Changi Airport Singapore Airport Shops 1200 30 EBITDA 181 149 158 5 P&O Ferries 409 659 Sales > US$ 1,000.0 million 1 Share- 4 LONDON - Heathrow Airport UK Airport Shops 25 EBITDA margin 19% 16% 16% holders FERRY OPERATOR BY BEDS 5 BANGKOK - Suvarnabhumi Airport Thailand Airport Shops 1000 0.9 Equity Rank Company Beds Sales > US$ 800.0 million 20 Net Profit 59 44 46 1 Tallink 24 821 6 HONG KONG - International Airport Hong Kong Airport Shops 0.8 2 Stena Line 16 985 7 SHANGHAI - Pudong Airport China Airport Shops 15 Cash flow from operations 192 147 136 800 3 Viking Line 14 026 8 TOKYO - Narita Airport Japan Airport Shops 0.7 10 Investments 44 68 219 4 Grand Navi Veloci 13 328 Sales > US$ 600.0 million 5 Corsica ferries 11 676 9 BEIJING - Capital Airport China Airport Shops 0.6 5 Loan repayments 198 4 -6 600 10 PARIS - Charles de Gaulle Airport France Airport Shops Ships FERRY OPERATOR BY REVENUES (EUR MILLION) 11 FRANKFURT - Frankfurt-Main Airport Germany Airport Shops 0.5 0 Dividends 13 54 20 Rank Company Revenue Sales > US$ 500.0 million 2013 2014 2015 2016 2017 400 1 DFDS Group 1 925 12 TALLINK/SILJA LINE - All Routes Estonia Ferries Cash position 82 79 89 2 Stena Line 1 322 13 TAIPEI - Taoyuan International Airport Taiwan Airport Shops Dividend Share Price Total assets 1 539 1 539 1 559 Loans 3 Tallink 967 Sales > US$ 400.0 million 200 4 Finnlines 536 14 AMSTERDAM - Schiphol Airport Netherlands Airport Shops Ships 1 270 1 235 1 296 5 Viking Line 523 15 ISTANBUL - Atatürk Airport Turkey Airport Shops Interest bearing loans 549 559 561 TALLINK HAS BEEN A LEADING STOCK ON THE BALTIC MARKET IN LIQUIDITY, 0 MARKET CAPITALIZATION AND HAS A RETAIL SHAREHOLDER BASE AROUND 11 000 SHAREHOLDERS Assets Liabilities & Source: ShipPax MARKET: 17, Company reports Source: Generation Research 2017 Shareholders' equity 821 810 836 Equity SEGMENT RESULT BY ROUTES 2017 PASSENGER REVENUE OWNERSHIP & MANAGEMENT Sales Result Passengers R Infortar AS 38% U 90.0 E 81.3 81.2 80.3 80.2 Finland-Sweden 18 Baltic Cruises Holding L.P. 16% 2 918 850 80.0 Total Baltic Cruises Investment L.P. 6% 70.0 ING Luxembourg S.A. AIF Account 4% ING Luxembourg S.A. Client Account 3% Estonia -Finland 78 5 062 635 51.6 52.2 51.4 51.4 60.0 Infortar 38% Nordea Bank Finland Plc. Clients 2% 50.0 Onboard CVCI Growth Partnership II L.P. 2% 11 State Street Bank and Trust Omnibus Fund OM01 2% Estonia -Sweden 1 030 490 40.0 29.7 29.0 28.9 28.8 Bank of New York Mellon S.A. Clients 2% 30.0 H Clearstream Banking Luxembourg S.A. Clients 1% i -1 g 25% Latvia-Sweden h 74 3 74 5 20.0 s e Ticket 10 998 shareholders a s 10.0 o Others 18 n 0.0 Million Eur 0 50 100 150 200 250 300 350 400 2014 2015 2016 2017 Paavo Nõgene Chairman of the Management Board, CEO Andres Hunt Vice Chairman of the Management Board Janek Stalmeister Member of the Management Board THE SEGMENT RESULT IS THE RESULT BEFORE ADMINISTRATIVE EXPENSES, Lembit Kitter Member of the Management Board FINANCIAL EXPENSES AND TAXES QUARTERLY PASSENGER SPENDING, HIGHS AND LOWS PASSENGERS CARGO UNITS REVENUE EBITDA QUARTERLY SEASONALITY R R R U U n U ts E E i o E i l n 300 n n l n i u o o o i i i l l M d l l l l 967 i 400 i n i 1000 181 a 945 M M M 938 s 921 9.8 u 364 10 o 250 9.5 h 8.9 9.0 T 30 158 328 232 310 228 226 151 149 2.1 308 97 800 224 150 Q4 200 2.1 29 8 2.8 2.1 300 85 30 78 78 41 150 283 263 274 274 260 247 254 245 600 283 77 224 228 226 233 6 91 263 274 274 2.9 2.9 Q3 100 188 190 193 192 2.6 2.7 81 100 200 77 76 75 67 50 400 64 4 92 246 254 245 260 2.4 2.4 2.6 79 79 84 0 2.4 50 Q2 100 55 Revenue Net profit 2 200 36 -50 49 41 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 1.9 1.8 2.0 1.9 77 75 77 84 188 190 193 192 2014 2015 2016 2017 19 16 0 0 0 0 4 5 Q1 TYPICAL TO THE TALLINK BUSINESS MODEL IS THAT MOST OF THE RESULT IS MADE IN THE 2014 2015 2016 2017 2014 2015 2016 2017 2014 2015 2016 2017 2014 2015 2016 2017 SUMMER HIGH SEASON .
Recommended publications
  • 818.Full-Text.Pdf
    Effect of Attenuation Correction on Regional Quantification Between PET/MR and PET/CT: A Multicenter Study Using a 3-Dimensional Brain Phantom Jarmo Teuho1, Jarkko Johansson1, Jani Linden1, Adam Espe Hansen2, Søren Holm2, Sune H. Keller2, Gaspar Delso3, Patrick Veit-Haibach3, Keiichi Magota4, Virva Saunavaara1, Tuula Tolvanen1, Mika Teräs1,5, and Hidehiro Iida6 1Turku PET Centre, Turku University Hospital and University of Turku, Turku, Finland; 2Department of Clinical Physiology, Nuclear Medicine, and PET, Rigshospitalet, University of Copenhagen, Copenhagen, Denmark; 3PET/CT-MR Center, University Hospital Zurich, Zurich, Switzerland; 4Section of Nuclear Medicine, Department of Radiology, Hokkaido University Hospital, Sapporo, Japan; 5Department of Medical Physics, Turku University Hospital, Turku, Finland; and 6National Cerebral and Cardiovascular Center, Osaka, Japan However, quantitative accuracy remains inconsistent between A spatial bias in brain PET/MR exists compared with PET/CT, PET/MR and PET/CT systems, with MR-based attenuation cor- because of MR-based attenuation correction. We performed an rection (MRAC) suspected of being the main source of bias (3–5). evaluation among 4 institutions, 3 PET/MR systems, and 4 PET/CT MRAC remains a challenge, as MR images do not correspond to systems using an anthropomorphic brain phantom, hypothesizing electron density and cannot be directly translated to m-values that the spatial bias would be minimized with CT-based attenuation (6,7). Currently, conversion to m-values is performed via image correction (CTAC). Methods: The evaluation protocol was similar to segmentation (6–8). the quantification of changes in neurologic PET studies. Regional Although MRAC is feasible for whole-body imaging, large and analysis was conducted on 8 anatomic volumes of interest (VOIs) in gray matter on count-normalized, resolution-matched, coregistered spatially varying biases exist in brain PET/MR because of exclu- data.
    [Show full text]
  • Helsinki-Turku Nopea Junayhteys Yhteysvälikortti 2/2021
    Helsinki-Turku nopea junayhteys Yhteysvälikortti 2/2021 Turun tunnin junan suunnittelua edistävä hankeyhtiö Turun KEHITTÄMISTARPEET Tunnin Juna Oy on perustettu 12/2020. Hankeyhtiön osak- kaina ovat Suomen valtio, Turku, Espoo, Helsinki, Salo, Lohja, Espoo-Salo oikorata lyhentää matkaa noin 26 km ja uusi rata- Vihti ja Kirkkonummi. Turun tunnin junan jäljellä olevien, han- geometria mahdollistaa nopeat junat. Salo-Turku kaksoisraide keyhtiön toimesta tapahtuvien, suunnittelun kustannusten on mahdollistaa enemmän junia ja junien sujuvan kohtaamisen arvioitu olevan noin 75 M€; Espoo-Salo-oikorata 60 M€ ja Salo- Salo-Turku välillä sekä lähijunaliikenteen kehittämisen. Es- Turku-kaksoisraide 15 M€. Hankeyhtiön yhteistyö Väyläviras- poon kaupunkiradan ja Turun ratapihojen toteutus on alkanut ton kanssa on täsmentymässä. vuonna 2021. YHTEYSVÄLIN MERKITYS Esitetyillä Helsinki-Turku rautatien parantamistoimenpiteillä ja nykyisellä junakalustolla saadaan Helsinki-Turku rataosan Helsinki–Turku-yhteysväli on yksi Suomen vilkkaimpia rauta- matka-aikaa lyhennettyä noin puoli tuntia, jolloin rataosan no- tieosuuksia. Turusta kulkee jo nyt päivittäin Helsinkiin noin pein matka-aika on 1 :13 tuntia ja useammilla asemilla pysäh- 3000 työmatkalaista. Uuden yhteyden myötä Turun ja Helsin- tyvä kaukojunan matka-aika on 1:26 tuntia. Toimenpiteet gin välille arvioidaan tulevan vuodessa 1,5 miljoonaa uutta mahdollistavat tunnissa suuntaansa kaksi kaukoliikennejunaa matkaa. Lisäksi lähiliikennematkat Lohjan ja Helsingin välillä Helsinki-Turku välille ja kaksi lähiliikennejunaa Helsinki-Lohja voivat kasvaa 1,5 -7 miljoonaan matkaan vuodessa. välille. Lohjan Lempolasta kaukojunan ajoaika Helsinkiin on 35 minuuttia ja useammilla asemilla pysähtyvä lähijunan 41 mi- Hankkeen myötä Suomen rataverkko yhdistyy kiinteämmäksi nuuttia. osaksi EU:n TEN-T-ydinverkostoa, joka lisää Suomen houkut- televuutta kansainvälisille sijoittajille, matkailijoille ja elinkei- Espoo-Lohja välillä suunnitellaan asemat Histaan, Veikkolaan, noelämälle.
    [Show full text]
  • Finland: Architecture and Design 2022
    Finland: Architecture and Design 2022 13 SEP – 26 SEP 2022 Code: 22237 Tour Leaders Stephen Crafti Physical Ratings For 14 days, architecture and design writer Stephen Crafti charts the very latest in Finland contemporary art, architecture, furniture and fashion. Overview With architecture and design writer Stephen Crafti, explore the very best of Finland’s modernist and contemporary art, architecture, furniture and fashion in Helsinki, Jyväskylä, Seinäjoki and Turku. Begin in Finland’s capital, Helsinki visiting the Design Museum and the Museum of Finnish Architecture. Accompanied by an architect, discover Helsinki’s rich architectural history; visit Eliel Saarinen’s Central Station, the Chapel of Silence, Oodi – the new Helsinki Central Public Library, and the famous Finlandia Hall. Experience a private visit of the multi-award winning Amos Rex Art Museum, accompanied by project mastermind Asmo Jaaksi, JKMM Architects. Meet with Tuuli Sotamaa in her renowned design studio Ateljé Sotamaa. Tours of the Artek Flagship store and the Aalto House and Studio introduce us to Alvar Aalto, Finland’s most famous architect of the 20th century. At Marimekko Outlet, see some examples of world-renowned Marimekko prints. Tour the private showroom of Marita Huurinainen, famous for her ‘wave shoes’. Meet new artists at the Design Lab at the Iittala & Arabia Design Centre. View contemporary art at Didrichsen Art Museum, a seaside villa designed by Alvar Aalto’s assistant, Viljo Revell. Meet designer Harri Koskinen and learn about his internationally renowned range of products. Travel through Finnish forests to Lahti to view its wooden architecture and understand more about the relationship Finns share with wood; in Haltia, tour the award-winning Finnish Nature Centre.
    [Show full text]
  • Reference List for Ferries
    1/4 Project Reference List Ferries YEAR VESSEL CLIENT / OWNER SCOPE OF DELIVERY 2014 m/s Cinderella Viking Line Night Club, New Kongsberg Automation system 2013 m/s Viking Grace Viking Line Coastal Roam, New Photo lab, CCTV upgrade 2013 m/s Rosella Viking Line Rebuilding Conference Area 2013 Eckerö Linjen Refit of navigation equipment & KaMeWa m/s Eckerö conversion 2013 Installation of DEGO, Rebuilding Kids area m/s Amorella Viking Line & Conference area. Upgrading CCTV & LAN 2012 m/s Finlandia Eckerö Line Major electrical works to Finlandia Conversion 2012 m/s Mariella Viking Line Shore Connection, Demount old LLL system 2012 m/s Translandia Eckerö Linjen m/s Nordlandia m/s Eckerö BNWAS 2012 m/s Viking XPRS Viking Line m/s Amorella m/s Mariella m/s Gabriella m/s Isabella 3G/4G Antennas and network 2012 Viking Line GSM Repeater system, VSD installations, FO m/s Viking XPRS meters, FO shut-of systems 2012 m/s Rosella New Galley 2012 m/s Rosella Supply & PB in Fun Club 2012 m/s Viking Cinderella Prep Galley 2012 m/s Rosella LO Frequency Converter 2012 m/s Viking XPRS GSM Repeater system 2012 m/s Viking Cinderella 2012 m/s Viking XPRS m/s Amorella m/s Mariella m/s Gabriella m/s Isabella 3G/4G 2012 m/s Translandia m/s Nordlandia m/s Eckerö BNWAS 2012 Cleaning lighting in NC, CCTV Upgrade, Disco Lighting, Fire Doors Car Deck, Luxury Cabins, m/s Viking Cinderella LED lighting TaxFree 2011 m/s Silja Serenade Tallink/Silja Line Modification of cabins 2011 m/s Eckerö Eckerö Linjen Boiler installation 2011 m/s Nordlandia Eckerö Line Aux engine
    [Show full text]
  • 16. Stockholm & Brussels 1911 & 1912: a Feminist
    1 16. STOCKHOLM & BRUSSELS 1911 & 1912: A FEMINIST INTERNATIONAL? You must realize that there is not only the struggle for woman Suffrage, but that there is another mighty, stormy struggle going on all over the world, I mean the struggle on and near the labour market. Marie Rutgers-Hoitsema 1911 International Woman Suffrage Alliance (IWSA) became effective because it concentrated on one question only. The Alliance (it will be the short word for the IWSA) wanted to show a combatant and forceful image. It was of importance to have many followers and members. Inside the Alliance, there was no room to discuss other aspect of women's citizenship, only the political. This made it possible for women who did not want to change the prevalent gender division of labor to become supporters. The period saw an increase of the ideology about femininity and maternity, also prevalent in the suffrage movement. But some activists did not stop placing a high value on the question of woman's economic independence, on her economic citizenship. They wanted a more comprehensive emancipation because they believed in overall equality. Some of these feminists took, in Stockholm in 1911, the initiative to a new international woman organization. As IWSA once had been planned at an ICW- congress (in London in 1899) they wanted to try a similar break-out-strategy. IWSA held its sixth international congress in June in the Swedish capital. It gathered 1 200 delegates.1 The organization, founded in opposition to the shallow enthusiasm for suffrage inside the ICW, was once started by radical women who wanted equality with men.
    [Show full text]
  • In Airplane and Ferry Passenger Stories in the Northern Baltic Sea Region
    VARSTVOSLOVJE, Risk, Safety and Freedom of Journal of Criminal Justice and Security, year 18 Movement: no. 2 pp. 175‒193 In Airplane and Ferry Passenger Stories in the Northern Baltic Sea Region Sophia Yakhlef, Goran Basic, Malin Åkerström Purpose: The purpose of this study is to map and analyse how travellers at an airport and on ferries experience, interpret and define the risk, safety and freedom of movement in the northern part of the Baltic Sea region with regard to the border agencies. Design/Methods/Approach: This qualitative study is based on empirically gathered material such as field interviews and fieldwork observations on Stockholm’s Arlanda airport in Sweden, and a Tallink Silja Line ferry running between Stockholm and Riga in Latvia. The study’s general starting point was an ethno-methodologically inspired perspective on verbal descriptions along with an interactionist perspective which considers interactions expressed through language and gestures. Apart from this starting point, this study focused on the construction of safety as particularly relevant components of the collected empirical material. Findings: The study findings suggest that many passengers at the airport and on the ferries hold positive views about the idea of the freedom of movement in Europe, but are scared of threats coming from outside Europe. The travellers created and re-created the phenomenon of safety which is maintained in contrast to others, in this case the threats from outside Europe. Originality/Value: The passengers in this study construct safety by distinguishing against the others outside Europe but also through interaction with them. The passengers emphasise that the freedom of movement is personally beneficial because it is easier for EU citizens to travel within Europe but, at the same time, it is regarded as facilitating the entry of potential threats into the European Union.
    [Show full text]
  • Marsyas in the Garden?
    http://www.diva-portal.org This is the published version of a paper published in Opuscula: Annual of the Swedish Institutes at Athens and Rome. Citation for the original published paper (version of record): Habetzeder, J. (2010) Marsyas in the garden?: Small-scale sculptures referring to the Marsyas in the forum Opuscula: Annual of the Swedish Institutes at Athens and Rome, 3: 163-178 https://doi.org/10.30549/opathrom-03-07 Access to the published version may require subscription. N.B. When citing this work, cite the original published paper. Permanent link to this version: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-274654 MARSYAS IN THE GARDEN? • JULIA HABETZEDER • 163 JULIA HABETZEDER Marsyas in the garden? Small-scale sculptures referring to the Marsyas in the forum Abstract antiquities bought in Rome in the eighteenth century by While studying a small-scale sculpture in the collections of the the Swedish king Gustav III. This collection belongs today Nationalmuseum in Stockholm, I noticed that it belongs to a pre- to the Nationalmuseum in Stockholm. It is currently being viously unrecognized sculpture type. The type depicts a paunchy, thoroughly published and a number of articles on the col- bearded satyr who stands with one arm raised. To my knowledge, four lection have previously appeared in Opuscula Romana and replicas exist. By means of stylistic comparison, they can be dated to 3 the late second to early third centuries AD. Due to their scale and ren- Opuscula. dering they are likely to have been freestanding decorative elements in A second reason why the sculpture type has not previ- Roman villas or gardens.
    [Show full text]
  • Silja Annual Report
    1996 english The Silja Group Silja Oy Ab SALLY UK CRUISE VESSELS GROUP ADMINISTRATION PROFIT CENTERS •Helsinki–Stockholm line •Vaasa traffic •Turku–Stockholm line •Finnjet line •Tallinn line •Silja Cargo SILJA LINE PARTNERS •Marketing•Marine Operation •Service January 1997 The Silja Group’s Parent Company, Carrying nearly 6 million passeng- Silja Oy Ab (formed in 1883), is ers and slightly more than 130,000 listed on the Helsinki Stock cargo units annually, Silja Line is Exchange. the leading passenger ferry company The Group’s core business is pass- in the Baltic Sea. enger ferry operations in the Baltic The Group’s other activities Sea, conducted through Silja Line, include Sally UK’s operations in the which accounts for more than 80 English Channel and three outchar- percent of the Group’s invoicing. tered cruise vessels. Information to Shareholders Contents Annual General Meeting Share register Significant Events during the Year.......2 The Annual General Meeting will For the purpose of registering shares President’s Review...............................4 be held at 2 p.m. on Thursday, or name and address changes, April 17, 1997, in the Conference shareholders are requested to Hall of the Hotel Palace, Eteläranta contact the bank or security regis- Presentation of the Group 10, Helsinki. tration institute managing the Board of Directors, Auditors Shareholders entered in the book-entry account. and Executive Management ................6 records of the Company’s share- holders maintained by the Finnish Financial information Five-year Review.................................8 ■ Central Security Depository Ltd no Silja’s annual report is published Share Capital, Shareholders later than April 7, 1997 are entitled in Finnish, Swedish and English.
    [Show full text]
  • Queen Christina's Esoteric Interests As a Background to Her
    SUSANNA ÅKERMAN Queen Christina’s Esoteric Interests as a Background to Her Platonic Academies n 1681 the blind quietist, Francois Malaval, stated that Queen Christina of Sweden late in life had ‘given up’ [Hermes] Trismegistos and the IPlatonists, in favour of the Church fathers. The statement does not ex- plain what role the Church fathers were to play in her last years, but it does show that Christina really had been interested in the rather elitist and esoteric doctrine of Hermetic Platonic Christianity. In this paper I shall look at her library to show the depth of this Hermetic involvement. Her interest serves as a background to her life as ex-queen in Italy after her famous abdication from the Swedish throne in 1654, when she was 27 years old. Christina styled herself as the Convert of the Age, and she set up court in Rome where she held a series of scientific and cultural acad- emies in her palace. Her Accademia Reale was staged briefly in the Palazzo Farnese in her first year in Rome, 1656, but was revived in 1674 and was held for a number of years in her own Palazzo Riario.1 Also, Giovanni Ciampini’s Accademia dell’Esperienze, also called Ac­­ cademia Fisico-mathematico, gathered there for their first founding meeting in 1677. Furthermore, she was protectress of the Accademia degli Stravaganti in Collegio Clementina from 1678 and in Orvieto for the Accademia dei Misti. (Christina 1966: 377, cited below as NMU.) Her inspirational presence and resources were valued by many liter- ary figures. After her death in 1689, she was chosen to be a symbolic figurehead, Basilissa (Greek for Empress), by the poets that formed the Accademia dell’Arcadia (D’Onofrio 1976).
    [Show full text]
  • RELEASE: Turku to Plan Circular Economy with and for Local
    RELEASE: Turku to plan circular economy with and for local residents The city is designing an action plan based on collaboration and social equity Turku, Finland 09.11.2020. The City of Turku, Finland, is aiming to become resource-wise - which means achieving a zero-emission and zero-waste future, as well as a low ecological footprint - by 2040 while strengthening social equity and community links. Additionally, Turku has been selected as one of five global cities to explore social equity in their sustainability planning as part of the Urban Transitions Alliance, a city network and knowledge-exchange platform that supports current and former industrial hubs from across the globe to identify common challenges, share knowledge and develop solutions tailored to their individual transitions to a sustainable future. The city is already working to support a circular economy that reduces waste and pollutants and decreases demand for primary resources in five priority sectors: food, transport and logistics, water, buildings and construction and energy. For each of these topics, the city is planning for policy and business innovation support that will support the transition and wants to ensure these efforts benefit Turku residents. “While the economic and environmental aspects of the circular economy transition are widely acknowledged regionally and nationally, the societal impacts of such projects are usually less considered. In Turku, we want to include residents in the planning as much as possible and are incorporating resident activities and campaigns as part of the Circular Turku project. We are determined to use circular economy projects to strengthen community links and social inclusion,” said Liisa Lahti, Project Manager, Circular Turku.
    [Show full text]
  • A Voluntary Local Review 2020 Turku
    A Voluntary Local Review 2020 The implementation of the 2030 Agenda for Sustainable Development in the City of Turku Opening statement by the Mayor Cities are facing major challenges – climate change, digitalisation and the ageing and increasingly diverse population greatly impact on cities’ field of operation and require cities to be able to adapt to constant change. Adaptation and adjustment to conventional ways of doing things is also needed in order to reach sustainability on a global level. Cities and city networks have an ever-growing role to play as global influencers and local advocates in achieving the Sustainable Development Goals. Succeeding in accelerating sustainable development requires strong commitment and dedication from the city’s decision-makers and the whole city organization. Turku has a long tradition in promoting sustainable development and we want to make sure Turku is a good place to live in the future as well. Turku also wants to take responsibility and set an example in solving global sustainability challenges. That is why I consider it very important that Turku is among the first cities to participate in reporting city-level progress of achieving the Sustainable Development Goals. With this first VLR report, I am very proud to present the systematic work being done in Turku for sustainable development. I hope that the cities’ growing role in implementing the 2030 Agenda for Sustainable Development becomes more visible to citizens, business life, organisations, other cities, government and other interest groups. Together we have a chance to steer the course of development in a more sustainable direction. A Voluntary Local Review 2020, The implementation of the 2030 Agenda for Sustainable Development in the City of Turku Minna Arve Authors: City of Turku.
    [Show full text]
  • Memorandum on Measures Taken Following the Sinking of Car Ferry Ms Estonia and Plan for Joint Action in the Nordic Countries
    MEMORANDUM ON MEASURES TAKEN FOLLOWING THE SINKING OF CAR FERRY MS ESTONIA AND PLAN FOR JOINT ACTION IN THE NORDIC COUNTRIES Working group on bow doors Maritime Department Helsinki 1994 MEMORANDUM ON MEASURES TAKEN FOLLOWING THE SINKING OF CAR FERRY MS ESTONIA AND PLAN FOR JOINT ACTION IN THE NORDIC COUNTRIES On 28 September 1994 an ad-hoc meeting led by minister of transportation Ole convened to discuss immediate measures to be taken following the sinking Norrback of car ferry Estonia. It was pointed out at the meeting that all passenger vessels regularly calling at Finnish ports are subjected to safety inspections. These inspections also include foreign vessels. The inspections are based on both international conventions and national legislation. As a response to the Estonia disaster, the parties decided on the following additional measures to be taken: 1. Inspection of bow doors in Finnish car and rail ferries The National Board of Navigation was to inspect urgently the bow and stern doors of all car and rail ferries that fly the Finnish flag and call at Finnish ports. The inspection was to include both condition and functioning of the doors as well as their alarm and monitoring systems and was to be completed within a week. The National Board of Navigation was also to verify that the passenger vessels, car and rail ferries maintain such routines that the closing of all cargo doors is secured before departure. These inspections were completed by October 8th, as follows: Vessel Year of Build Type of bow door Date Cinderella -89 butterfly type 29.09.
    [Show full text]