Skip to main content

Changes in the Management Board of AS Tallinna Sadam subsidiary TS Shipping

Written by Customer Service on . Posted in Public Companies.

The Supervisory Board of TS Shipping OÜ (hereinafter: “TS Shipping”), a subsidiary of AS Tallinna Sadam, has decided to appoint Margus Raad as a new Member of the Management Board, with a term of office of three years starting from 15 January 2026. Margus Raad will be responsible for international business development and sales. 

Valdo Kalm, the Chairman of the Supervisory Board of TS Shipping, highlighted Margus Raad’s extensive experience in the maritime sector and management, which will support the implementation of TS Shipping’s strategy and finding suitable offshore projects for Botnica.

Margus Raad graduated from the Estonian Maritime Academy in 2003 with a degree in nautical sciences and subsequently worked for several years as an officer on various vessels. In 2007, he joined Tschudi Ship Management AS, a company providing vessel technical and crew management services, working as a quality and safety coordinator. Later, he served as deputy CEO of the same company, and since the end of 2012 he has been the CEO of Tschudi Ship Management AS.

Margus Raad does not hold shares in AS Tallinna Sadam. 

The Management Board of TS Shipping includes Chairman of the Management Board Vahur Ausmees and until 30 November 2025 Damir Utorov. 

Tallinna Sadam is one of the largest cargo- and passenger port complexes in the Baltic Sea region. In addition to passenger and freight services, Tallinna Sadam group also operates in shipping business via its subsidiaries – OÜ TS Laevad provides ferry services between the Estonian mainland and the largest islands, and OÜ TS Shipping charters its multifunctional vessel Botnica for icebreaking and offshore services in Estonia and projects abroad. Tallinna Sadam group is also a shareholder of an associate AS Green Marine, which provides waste management services.

Additional information:

Angelika Annus
Head of Investor Relations
Tel. +372 5649 6230
angelika.annus@ts.ee

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.