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Global Ports Holding To Manage Taranto Port Cruise Operations

Global Ports Holding to manage Taranto port cruise operations

Source: PortSEurope
Taranto, Italy (PortSEurope) November 10, 2020 – Autorita’ di Sistema Portuale del Mar Ionio (AdSP – Port Authority of the Ionian Sea-Port of Taranto) has accepted the application of Port Operation Holding Srl (POH) and Global Ports Melita Limited (GPM) for the traffic management of cruises in the port of Taranto. In January 2020, the companies applied for a concession on the San Cataldo pier
to be used for the management of cruise traffic.  Temporary prefabricated structures will be erected while the multipurpose building currently under construction called “Falanto” is being completed. The concession is for 20 years. The companies’ plan states the intention to develop Taranto as a homeport rather just a cruise transit port. Global Ports Melita Limited (GPM) is part of Turkey-owned Global Ports Holding. The future of the port is looking better after years of stagnation. Last year, Yilport Holding signed a 49-year concession agreement with the AdSP for operation the multipurpose terminal. Global Ports Holding Plc is the world’s largest cruise port operator with 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. Global Ports Melita Ltd is registered in Malta, where n 2015, GPH completed the acquisition of a majority stake in Valletta Cruise Port, engaged in port operations and the leasing of office, catering and retail outlets in Malta. Global Ports Holding currently operates cruise terminals in 19 ports around the world. In Italy GPH is present in the port of Venice, through the Venice Cruise Port, of which it holds 11.9% of the capital, and in the ports of Ravenna, Cagliari and Catania through the Ravenna Cruise Ports, the Cagliari Cruise Port and the Catania respectively. Cruise Ports, the company which it controls, holding 53.7%, 70.9% and 62.2% of the capital. Copyright (C) PortSEurope. All Rights Reserved. 2020.

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