Tallink Grupp AS, the listed Estonian ferry company, has set up a subsidiary in Singapore to promote existing business of the company in Asia, but the company also has plans to have foothold in the region, it said in a statement.

“We have plans for activities in Asia, which we cannot unfortunately talk about more today, but which we will shed more light on in the future as the plans progress, Paavo Nõgene, CEO of Tallink Grupp said in the statement.

Tallink Asia Pte Ltd is the group’s first subsidiary in Asia.  “The purpose of founding a subsidiary in Singapore is to simplify the development and expansion of the group’s activities in Asia. Tallink Asia Pte Ltd will be headed by Tallink Grupp’s Director of Development Operations, Mr Taavi Tiivel,” Tallink said.

"We have always been open about the fact that Tallink Grupp is continuously looking for opportunities to develop our activities and expand into new markets,“ Paavo Nõgene, CEO of Tallink Grupp said. 

Tallink has focused heavily on developing services for Asian passengers in recent years and on promoting the company’s products and services in various Asian countries. 

For example, Tallink participates annually in a number of large Asian tourism fairs, cooperates with several Asian tourism agencies, Tallink employs hosts onboard its vessels who speak different Asian languages, and the company has rolled out popular Asian payment Solutions AliPay and WeChat Pay onboard its vessels.

“Tallink has a lot to offer not only here in our Nordic home markets, but globally and there is a significant amount of interest out there in our products and services,“ Nõgene said. 

“Our colleagues have done a great job for a long time already, promoting the products and services of Tallink and the wider Baltic Sea region in Asia, thus laying a good foundation to build on from now on” he pointed out.