Rauma Marine Constructions, the privately owned Finnish shipbuilder, said it has signed a letter of intent with Tallink Grupp AS, the listed Estonian ferry company, for a large shuttle ferry to for the company’s Tallinn-Helsinki service.

The €250 million vessel is scheduled for delivery at the end of 2021. It will be able to carry 2,800 passengers and it will be designed with highest energy efficiency and environmental friendliness in mind.

The shipyard, which has recently delivered a ropax ferry called Hammerodde to a Danish owner, has built four ships to Tallink between 2001 and 2009, when it was under a different ownership and had a different name.