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GPH Global Ports Holding Plc

211.00
0.50 (0.24%)
23 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Global Ports Holding Plc LSE:GPH London Ordinary Share GB00BD2ZT390 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.24% 211.00 210.00 211.00 211.00 206.00 207.00 137,524 15:35:43
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Marine Cargo Handling 213.6M -25M -0.3674 -5.74 143.56M

Awarded preferred bidder status for Casablanca Cruise Port

05/04/2024 7:00am

EQS Regulatory News


Global Ports Holding PLC (GPH)
Awarded preferred bidder status for Casablanca Cruise Port

05-Apr-2024 / 07:00 GMT/BST


Global Ports Holding Plc

Awarded preferred bidder status for Casablanca Cruise Port

Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that following a public tender process, a majority-owned consortium (the “Consortium”) between GPH (51%), local shareholder, Steya (40%) and Ocean Infrastructures Management (9%) has been awarded preferred bidder status for a 15-year concession agreement with Agence Nationale des Ports (“ANP”), to operate the Casablanca new cruise terminal. The consortium and ANP will now work towards agreeing on the terms of the concession agreement.

Casablanca, Morocco’s largest city, offers cruise passengers a wonderful blend of traditional Moroccan culture and contemporary experiences. It is also the cruise gateway to Rabat and the enchanting Red City of Marrakech, which will soon be within 1.2hrs reach with the new bullet train project, set to be completed before the 2030 FIFA World Cup to be hosted jointly by Morocco, Spain and Portugal. From historic mosques and cathedrals, historical neighbourhoods to relaxing beaches and vibrant promenades, the city offers visitors a wide range of experiences. Located on the Northwest coast of Africa, Casablanca is a key stopover port for Canary Island and West Mediterranean cruises, as well as crossing sailings between Europe and the Caribbean. 

Port investment

The cruise port facilities recently underwent a EUR 60 million investment in the cruise port infrastructure. This investment, which was led by ANP, included the construction of a new cruise pier, cruise terminal and maritime station to international standards, significantly increasing the port's capacity. The port is now capable of handling ships up to 350m long and has the cruise port infrastructure to welcome 400k passengers per annum. Casablanca Cruise Port is expected to welcome c150k transit passengers in 2024, rising to c180k passengers in 2025.

 

 

CONTACT

 

 

For investor, analyst and financial media enquiries:

 

 

Investor Relations

 

 

Martin Brown

 

 

Telephone: +44 (0) 7947 163 687

 

 

Email: martinb@globalportsholding.com

 

 

 



Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


ISIN: GB00BD2ZT390
Category Code: MSCH
TIDM: GPH
LEI Code: 213800BMNG6351VR5X06
Sequence No.: 313679
EQS News ID: 1873735

 
End of Announcement EQS News Service

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