Global Ports Holding (GPH), a subsidiary of Global Investment Holdings (GYH) and the world's largest cruise port operator, signed a contract to manage cruise operations in Kalundborg Port, Denmark. With the port in the North Sea, the number of ports in GPH's portfolio has reached 4 in total, in 13 continents and 20 countries.
Speaking about the agreement, Mehmet Kutman, Chairman of the Board of Directors of GIH and GPH, said, "As the world's largest cruise port operator, we are excited to use the important experience we have gained in this field in the Northern European cruise market."
“We look forward to working with the port authority, cruise companies and local stakeholders as we transform the stunning Kalundborg destination into a sustainable port of rest and visit for the region,” said Emre Sayın, CEO of GPH.
Global Ports Holding (GPH), a subsidiary of Global Investment Holdings (GYH) and the world's largest cruise port operator, signed a lease agreement to manage cruise operations in Kalundborg Port, Denmark. Global Ports Holding, which plans to apply its marketing power and operational know-how for the growth of the cruise business at Kalundborg, its first port to cater to the Northern European cruise market, will potentially contribute to relieving the excessive tourism burden in Copenhagen.
In the statement made by GIH to KAP, it was announced that a contract was signed for the operation of the port operations of Kalundburg Cruise Port in Denmark for 20 years with the right to extend for an additional 10 years. Using its global expertise and operating model to manage Kalundborg Cruise Port operations under the terms of the contract, GPH will invest up to 2025 million Euros by 6 in the construction of a new cruise terminal building. GPH aims to serve 120 thousand – 150 thousand passengers in the medium term at Kalundborg Cruise Port.
We continue negotiations to expand our portfolio
Speaking about the agreement, Mehmet Kutman, Chairman of the Board of Directors of GIH and GPH, said, “As the world's largest cruise port operator, we are excited to use our important experience in this field in the Northern European cruise market as well. Our long-term positive view on cruise tourism, which is the most popular segment of tourism, continues. We continue to evaluate and negotiate rational opportunities to expand our portfolio. “The record low interest loan agreement we signed with Sixth Street allowed us to take more comfortable steps in line with our growth strategy in cruise port operations,” said the international investment institution with a portfolio size of more than $50 billion in asset management.
Turning point for GPH
Stating that Kalundborg saves cruise ships from a long and costly journey due to its geographical location compared to Copenhagen, GPH CEO Emre Sayın said: an alternative port where time is used effectively. That's why we look forward to working with the port authority, cruise companies and local stakeholders as we transform the stunning Kalundborg destination into a sustainable recreational and visiting port for the region. We believe that the advanced cruise port facilities will provide a great experience for all travelers visiting Kalundborg. “As Kalundborg becomes our first port in the Northern European cruise market, I am also excited as this agreement marks a turning point for GPH.”
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