# Tallinna Sadam Reports Mixed Q3 2026 Volumes as Cargo Drops and Passenger Numbers Rise

- URL: https://stocks.freetheai.org/news/tallinna-sadam-reports-mixed-q3-2026-volumes-as-cargo-drops-and-passenger-64b0ec
- Published: 2026-10-09T05:00:00Z
- Category: company_news; sentiment: mixed; impact: medium
- Symbols: [OMXTSE:TSM1T](https://stocks.freetheai.org/symbols/OMXTSE-TSM1T)
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Tallinna Sadam AS (OMXTSE:TSM1T) announced mixed preliminary operational volumes for the third quarter of 2026. Cargo throughput fell by 3.3% year-over-year to 3.3 million tons, while passenger numbers grew by 2.1% to reach 2.8 million. For the first nine months of the year, cargo volumes decreased by 4.5% and passenger numbers edged down by 0.3%.

The drop in third-quarter cargo was heavily driven by a 32% decline in liquid bulk, representing a loss of 119,000 tons, which was impacted by ongoing conflicts in the Strait of Hormuz. However, some positive shifts occurred within the cargo segment, as roll-on/roll-off cargo rose by 4.1% or 62,000 tons. On the passenger side, higher-yield cruise traffic showed strong performance, with cruise passenger numbers increasing by 26% and cruise ship calls rising by 18%.

Investors should monitor whether a stronger upcoming grain season and a stabilization of liquid bulk shipments can help recover overall volumes in the final quarter of the year. Shares of the port operator traded slightly lower following the update, down 0.17% at 1.206 EUR.

## Key points

- Tallinna Sadam cargo volumes fell 3.3% to 3.3 million tons in the third quarter of 2026.
- Passenger traffic increased by 2.1% to 2.8 million, supported by a 26% jump in cruise passengers.
- Liquid bulk dropped 32% due to disruptions from the Strait of Hormuz conflict.
- Roll-on/roll-off cargo grew by 4.1% or 62,000 tons, showing a positive mix shift.

## Questions and answers

### Why did Tallinna Sadam cargo volumes fall in Q3 2026?

Cargo volumes fell 3.3% primarily due to a 32% drop in liquid bulk, which was negatively affected by conflict in the Strait of Hormuz.

### How did passenger traffic perform for Tallinna Sadam in Q3 2026?

Passenger numbers grew by 2.1% to 2.8 million, driven by a 26% increase in cruise passengers and an 18% rise in cruise ship calls.

### What are the year-to-date volume trends for Tallinna Sadam?

Over the first nine months of 2026, cargo volumes decreased by 4.5% and passenger numbers declined slightly by 0.3%.