In addition to commencing the collective redundancies process in Estonia, the company has initiated a further collective redundancies process in Latvia.
The new purpose-built RoPax vessel, due for delivery in 2023, will be constructed by one of the world’s major shipbuilders, Hyundai Mipo Dockyard (HMD), South Korea.
The project, which will be aimed at both regular ferry lines and cruise ships, provides for annual traffic of 370,000 passengers in the first five years of operation