DJ Commencement of operations at Taranto Cruise Port, Italy
Global Ports Holding PLC (GPH)
Commencement of operations at Taranto Cruise Port, Italy
05-May-2021 / 16:51 GMT/BST
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Global Ports Holding Plc
Commencement of operations at Taranto Cruise Port
Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to
announce that, further to the Group's announcement on 16 November 2020, it has now signed a 20-year concession
agreement with the Autorità di Sistema Portuale del Mar Ionio and taken over the management of the cruise terminal and
cruise services in the Port of Taranto, Italy.
The cruise port infrastructure in Taranto is currently undergoing a state-funded, cEUR28m investment program, including
building a new cruise terminal. The construction of these new facilities is scheduled for completion by the end of
2022. We are very pleased to announce that today Taranto Cruise Port will provide partial turnaround services to a
cruise ship for the first time. MSC Seaside will be calling at Taranto Cruise Port throughout the Summer season.
In 2019, the Taranto Cruise Port welcomed c9k cruise passengers, with a pre Covid-19 forecast of over 14k passengers in
2020. The addition of turnaround operations so early in our management is testament to the benefits our global
expertise and operating model can bring to a cruise port. Taranto Cruise Port is now expected to have a record year in
2021, welcoming passenger volumes well in excess of pre Covid-19 levels.
Emre Sayin, Global Ports Holding, Chief Executive Officer, commented:
"I am delighted that we have started cruise operations in Taranto. The commencement of our operations here and the
welcoming of a ship in turnaround for the first time at Taranto Cruise Port is proof of the benefits we can bring to
cruise ports and destinations. In collaboration with our local stakeholders, we intend to transform Taranto into one of
the highlights of Southern Italian itineraries, driving higher passenger volumes and creating economic value for our
local stakeholders."
CONTACT
For investor, analyst and financial media enquiries: For media enquiries:
Investor Relations Global Ports Holding
Martin Brown Ceylan Erzi
Telephone: +44 (0) 7947 163 687 Telephone: +90 212 244 44 40
Email: martinb@globalportsholding.com Email: ceylane@globalportsholding.com -----------------------------------------------------------------------------------------------------------------------
ISIN: GB00BD2ZT390
Category Code: MSCH
TIDM: GPH
LEI Code: 213800BMNG6351VR5X06
Sequence No.: 103272
EQS News ID: 1193033
End of Announcement EQS News Service
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(END) Dow Jones Newswires
May 05, 2021 11:51 ET (15:51 GMT)
