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Global Ports to Manage Vietnam's Ha Long International Cruise Port

Turkey's Global Ports to manage Ha Long Cruise Port

Global Ports Holding Plc, the world's largest independent cruise port operator, has signed a 15-year management service agreement with Ha Long Sun Limited Liability Company for the Ha Long International Cruise Port located in Ha Long Bay, Vietnam.

The Port, having recently benefitted from a $44m investment, is the first purpose-built cruise port in Vietnam and is capable of handling the world's largest cruise ships. In 2019 the Port is expected to welcome over 75,000 passengers and it is forecasted to grow to over 100,000 passengers in 2020.

Situated within the Sun World Halong Complex, a 226ha entertainment and recreation complex, the Port's modern infrastructure and geographic position close to China, Hong Kong, Indonesia, Malaysia and Singapore means it is well placed to become a leading transit port in Asia. Furthermore, the Port is less than 200km away from three international airports, Noi Bai International Airport, Van Don International Airport and Cat Bi International Airport, and with Ha Long Bay benefitting from modern hotel infrastructure, the Port has the potential to become a homeport for the region.

The Ha Long International Cruise Port is the second port in GPH's portfolio in Asia, a region that has seen high growth in cruise passengers in recent years and has started to attract local and regional investment into cruise port-related assets.

Global Ports Holding, CEO Emre Sayin said, "I am delighted that GPH has signed a management service agreement for the Ha Long International Cruise Port. This agreement marks a truly historic moment for Global Ports Holding and marks an important inflection point in our growth aspirations in Asia.

The GPH team very much look forward to working with our partner, the cruise lines and the people of the Quang Ninh Province to turn this iconic location into a leading cruise port in the region".

Global Ports Holding Plc is the world's largest cruise port operator with an established presence in the Caribbean, Mediterranean, Asia-Pacific regions, including extensive commercial port operations in Turkey and Montenegro.

Global Ports Holding (GPH) was established in 2004 as an international port operator with a diversified portfolio of cruise and commercial ports. As an independent cruise port operator, the group holds a unique position in the cruise port landscape, positioning itself as the world’s leading cruise port brand, with an integrated platform of cruise ports serving cruise liners, ferries, yachts and mega-yachts. GPH operates 17 ports in 9 countries and continues to grow steadily. GPH provides services for 8,4 million passengers reaching a market share of 24% in the Mediterranean annually. The group also offers commercial port operations which specialize in container, bulk and general cargo handling.

A portfolio of award-winning ports and terminals allows GPH to transfer best practices to its subsidiaries. With a strong focus on operational excellence, enhanced security practices and customer-oriented services, GPH aims to contribute to the development of the cruise industry.

Global Ports Holding Plc is 59.3% owned by Global Ports Holding B.V., which is a wholly owned subsidiary of Global Investment Holdings (GIH) - listed on Borsa Istanbul (BIST) under the ticker "GLYHO". The remaining 40.7% of the total issued share capital represents free float on the London Stock Exchange (LSE).

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