As Tallink Grupp, the Estonian cruise ferry company that has a fleet of 18 ships, has reported a deepening of net loss in the first quarter on seasonal factors and dry docking of a large vessel.

Group net loss deepened by 33% to €23.4 million, while revenues fell 1% to €188.2 million. Easter, a busy travel period, did not coincide with the review period this year unlike in 2013, while dry docking of the 58,800 gross ton Silja Serenade meant it did not operate for 40 days.

In all, Tallink carried 1.9 million passengers that was an increase of 1.9% on the same period last year.