Global Ports Holding Expands Caribbean Presence

Global Ports Holding (GB:GPH) has released an update.

Global Ports Holding Plc has begun operations at Saint Lucia Cruise Port following a 30-year concession agreement, with plans to invest up to $60 million in port enhancements. The project, set to span approximately 24 months, includes expanding berth capacity to accommodate larger cruise ships and revamping retail spaces to improve the passenger experience and boost local economic benefits. With these developments, passenger volumes at Saint Lucia are expected to surpass 1 million in the medium-term, reinforcing GPH’s expansion in the Caribbean with 26 consolidated ports and expected passenger volumes of over 16 million by March 2025.

For further insights into GB:GPH stock, check out TipRanks’ Stock Analysis page.