Share Prices & Company Research

Market News

24 Oct 2019 | 09:17

Global Ports commences cruise port operations in Antigua after meeting final conditions

Global Ports said it had now commenced cruise port operations in Antigua after it met all the final conditions included in the agreement with the government of Antigua and Barbuda.

As part of the agreement, GPH would finance the completion of the new pier that would be capable of berthing the largest, 5,000+ passenger vessels in the industry, the company said.

The expected total initial investment in the first 12 months of operation of the port in Antigua would be between $45m to 50m, including repayment of the existing bond, completion of new pier construction and investment into the retail facilities, the company said.

Annual revenue in year one was currently expected to be about $8m, the company said.

At 9:17am: (LON:GPH) Global Ports Holding Plc share price was -3p at 292.5p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.