Global Ports Holding PLC (GPH)
Commences cruise operations in Nassau
10-Oct-2019 / 07:00 GMT/BST
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Global Ports Holding Plc
Commences operations at Nassau Cruise Port
Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent
cruise port operator, is pleased to announce that on the 9th October 2019 it
started operating Prince George Wharf Cruise Port, Nassau.
GPH will now use its global expertise and operating model to manage the
cruise port operations in Nassau. In addition, GPH and its partner Bahamian
Investment Fund will invest up to $250m in expanding the capacity of the
port as well as taking a number of innovative steps to transform the cruise
port and down town experience for both passengers and the local population.
The construction phase is expected to start in Q4 2019 and is anticipated to
be completed within 24 months, once construction has been completed total
revenues are expected to be in the range of $35-40m per annum.
Global Ports Holding, Chairman and Co-Founder Mehmet Kutman said:
"I am very happy that Global Ports Holding has commenced cruise port
operations in Nassau. This is a truly transformational moment for Global
Ports Holding, with Nassau now the largest cruise port in our portfolio. The
GPH team very much look forward to working with our partners, the cruise
lines and the people of the Bahamas to transform both the cruise port and
downtown Nassau for the benefit of all stakeholders."
CONTACT
For investor and analyst For media enquiries:
enquiries:
Global Ports Holding, Investor Brunswick Group LLP
Relations
Martin Brown, Investor Azadeh Varzi and Imran Jina
Relations Director
Telephone: +44 (0) 7947 163 Telephone: +44 (0) 20 7404 5959
687
Email: Email: GPH@brunswickgroup.com
martinb@globalportsholding.com
ISIN: GB00BD2ZT390
Category Code: MSCM
TIDM: GPH
Sequence No.: 22944
EQS News ID: 888011
End of Announcement EQS News Service
(END) Dow Jones Newswires
October 10, 2019 02:00 ET (06:00 GMT)
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