Global Ports Holding to Operate Havana Cruise Port

By ,   May 22, 2018 ,   Cruise Industry

Turkey’s Global Ports Holding (GPH) announced it had signed a 15-year management agreement with Cuban company Aries S.A. for the operation of Havana cruise port.

The agreement will see a significant investment program grow the cruise port from 2 berths to 6 by 2024, according to a statement, released on May 22.

Port of Havana, Cuba

Havana cruise port has 2 cruise ship terminals, but is due to add another 4. In 2017, it handled 328,000 cruise passengers. The number is forecast to increase to 500,000 in 2018.

Under the terms of the new agreement, Global Ports Holding said it will use global operating model and expertise to manage all of the port’s operations over the period of the agreement.

As consideration, Global Ports will be paid a management fee based on a number of factors, such as passenger numbers, with development based incentives.

GPH has a dozen ports under operation located in the Mediterranean, in addition to port of Singapore. The company has 13 cruise and 2 commercial ports across 7 countries.