Global Ports
Holding Plc
50-year agreement
signed for Liverpool Cruise Port
Global Ports
Holding Plc ("GPH" or "Group"), the world's largest independent
cruise port operator, is pleased to announce that it has signed a
50-year agreement with Peel Ports Group’s subsidiary, The Mersey
Docks And Harbour Company Ltd, to operate cruise services at
Liverpool Cruise Port. GPH expects to take over
operations of the port in April 2024.
The City of
Liverpool is one of the UK’s most visited cities, offering tourists
significant opportunities to engage in the arts, especially music,
architecture and, of course, its historic football
teams.
Liverpool Cruise
Port is well-positioned to participate in the growing Northern
European and British and Irish 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 the domestic passenger market.
Port investment
As part of this
agreement, GPH will pay certain upfront charges, and (in certain
circumstances) annual charges, in each case, the terms of which are
confidential. Liverpool Cruise Port has the potential for
significant growth in passenger volumes. However, the port is
currently unable to satisfy demand on some days due to berthing and
infrastructure restrictions.
Subject to the
granting of the appropriate permits and licenses, GPH plans to
invest up to £25 million in the ports infrastructure, which all
stakeholders believe should act as a catalyst to unlock the future
potential. This investment will include the addition of a new
floating dock that will increase capacity and allow for the
simultaneous berthing of two 300-metre ships and over 7,000
passengers a day. This investment will also see the construction of
a new terminal building that will enhance the passenger experience
and provide waterfront retail and hospitality offerings that will
cater not just to cruise travellers, but also to local tourists and
residents.
In 2023, Liverpool
Cruise Port welcomed 102 cruise ships and over 186k passengers.
This is expected to increase to over 200k passengers in 2024 and
exceed 300k per annum once the infrastructure works are
completed.
CONTACT
|
|
|
For investor, analyst and
financial media enquiries:
|
|
|
Investor
Relations
|
|
|
Martin Brown
|
|
|
Telephone: +44 (0) 7947 163
687
|
|
|
Email:
martinb@globalportsholding.com
|
|
|