Back in November 2018, the Estonian ferry line and the Finnish Rauma Marine Constructions (RMC) signed a letter of intent, which now was turned into a shipbuilding contract, the biggest in the shipyard's history.
"Over last few years we have been facing a constant deterioration on the Russian market. Unfortunately the political and economical situation is still dramatically affecting the commercial trade environment," the company said in a press release.
Leading a 15-strong delegation to Hamburg and Lübeck, Kaspars Ozoliņš, Under-Secretary of State in the Latvian Ministry of Transport, and Ingo Egloff, Joint CEO of the Port of Hamburg Marketing (HHM), signed a co-op agreement.
The ferry company and the university, both based in Tallinn, have started a two year-long €100k scientific collaboration, the aim of which is to develop technologies for making car deck operations more efficient.