Global Ports Holding to Invest USD 250 Mn in Nassau Cruise Port

Cruise ships at portIllustration; Image Courtesy: Pxhere under CC0 Creative Commons license

Cruise port operator Global Ports Holding has started operations at Nassau Cruise Port, revealing an investment of USD 250 million into capacity expansion.

The company started cruise port operations at Prince George Wharf Cruise Port in Nassau, the largest cruise port in GPH’s portfolio, on October 9, 2019.

Subsequently, GPH and its partner, Bahamian Investment Fund, revealed their plans to invest in port expansion, as well as take “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 the fourth quarter of 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 USD 35-40 million per annum, the company noted.

“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,” Mehmet Kutman, Global Ports Holding, Chairman and Co-Founder, said.

Share this article

Follow World Maritime News

In Depth>


<< Jan 2020 >>
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >


Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >