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Our company's indirect subsidiary, Global Ports Holding Ltd ("GPH"), is pleased to announce that it has signed a 50-year agreement with Peel Ports Group's subsidiary, Clydeport Operations Limited, to operate cruise services at Greenock Cruise Port. GPH expects to take over operations of the port on 10 March 2025.
The City of Greenock, situated on the west coast of Scotland is located 30 minutes away from the vibrant Glasgow and one hour away from the historical gem Edinburgh, capable of offering cruise passengers to take shore excursions to Scottish Isles and Highlands.
Being GPH's second port in the UK after Liverpool Cruise Port, Greenock Cruise Port is well-positioned to be included in the growing Northern European, British Isles and Irish Sea cruise markets. It has good airport connectivity, with two international airports within an hour's drive, providing significant potential to act as a gateway to the Northern European and Round Britain Cruise Markets for American and European passengers, as well as being well-positioned to act as a home port for visiting the Scottish Isles, which is becoming a cruise itinerary by itself.
As part of this agreement, GPH will pay certain upfront charges, and in certain circumstances annual charges. Greenock Cruise Port has the potential for significant growth in passenger volumes.
In 2024, Greenock Cruise Port welcomed 82 cruise ships and over 125k passengers. This is expected to increase to over 180k passengers in 2025 cruise season and reach 300k passengers per annum under the stewardship of GPH within a short period of time.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.
Respectfully announced to the public.
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