Chief executive explains reflagging to Estonia
In an interview with the Estonian business daily Äripäev, the chief executive of the Finnish ferry and shipping company Viking Line says that moving the Viking XPRS vessel from Swedish to Estonian registration will result in substantial cost savings.
Mikael Backman explains that the move for the Viking XPRS, which sails the busy Helsinki-Tallinn line, will also create 200 jobs. The company plans to hire new employees via a staffing service, while transferring the previous staff to another ship.
“We are talking about millions of euros in cost savings when everything is in place,” he said, adding that Viking Line was now moving closer to Tallink according to base salary levels.
“Our level is higher, but not 50% anymore,” Backman said. XPRS will now compete on equal terms with the shuttle vessels Tallink Star and Tallink Superstar.
Backman also confirmed that Viking ferries on the Helsinki-Stockholm line will be stopping in Tallinn from summer 2014.
[pictured: M/S Viking XPRS at Katajanokka terminal, Helsinki]