AS Tallinna Sadam subsidiary O- TS Shipping (hereinafter: TS Shipping) and Baffinland Iron Mines Corporation extended the agreement signed in 2018 for MS Botnica to assist cargo vessels in the Arctic waters of Canada. The MS Botnica will escort Panamax-type vessels loaded with iron ore from Milne Inlet Port to the ocean. This contractual arrangement spans the period from 2024 to 2028 and includes the annual call options to charter the ship at least 60 days per year from September to December.

In 2024, the charter period will start in September and lasts at least 60 days. The exact number of chartering days depends on weather and other conditions. The daily hire rate for this period is comparable to last year-s charter.

From May to July 2024, TS Shipping has a charter agreement with BP Exploration Operating Company Ltd. to support work scopes at BP-s Mungo normally unattended installation, located in the North Sea UK Sector. According to a 10-year agreement with the Estonian Transport Administration, Botnica provides icebreaking services in Estonian coastal waters from December 20 to April 20.