$ts

TS Laevad ("TS Ships") is an Estonian ferry company which operates two routes between the Estonian mainland and the islands of Hiiumaa and Muhu in the Baltic Sea. Muhu is connected by a causeway to Estonia's largest island, Saaremaa.The company is a fully owned subsidiary of the Port of Tallinn (Estonian: Tallinna Sadam), which is in turn majority-owned by the Estonian state. The state subsidises the ferry routes with a sum of over €20 million per annum.The company operates five ice class ferries, four of which were purpose-built, with an additional zero-emission ferry expected to be delivered in 2026.

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