The Port of Tallinn in Estonia is close to launching its initial public offering (IPO) after appointing legal counsel, and will seek government approval in September. The long-term plan comes as traffic has slowed recently, with an 8% drop in volumes in the 12 months to June 30 on a year earlier. Containerized freight increased 2% to 207,540 TEU despite a recent decline. The leading shippers on U.S.-bound routes are TMS in tankers, and DB Schenker in containerized freight, Panjiva data shows. With revenues of 99 million euros ($117 million) in the past 12 months it will be one of the sma...