Turkey-based cruise port operator Global Ports (GPH) has signed a management agreement with Aries for the operation of the Havana cruise port in Cuba.
As part of the 15-year deal, which becomes effective on 21 June, GPH will be paid a management fee as consideration.
Go deeper with GlobalData
The fee will be based on various factors such as the number of passengers and growth-based incentives.
GPH will also continue to work with its Cuban partners on the design and technical specification of the cruise port investment programme that comprises a proposal for new terminals.
GPH will also focus on the marketing and commercialisation of the new facilities to be developed at the port.
Global Ports CEO Emre Sayin said: “This represents our first agreement in the Caribbean, in line with our strategy of expansion into the Americas cruise port market and therefore marks an important step in the development of Global Ports.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“The GPH team looks forward to working with our local partners and local staff to drive continued growth in cruise passenger volumes at Havana Port and deliver both world-class cruise port facilities and a great cruise experience for all passengers visiting Havana.”
The latest agreement is also part of a significant investment made by Cuba into the port and the development of tourism infrastructure in Havana.
The investment will increase the number of berths at the Havana port from the current two units to six by 2024.
Last year, the port handled around 328,000 cruise passengers, representing a growth of 156% compared to 2016. The port is predicted to handle over 500,000 cruise passengers throughout this year.
