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Global Ports Holding makes second foray into Asia adding Ha Long to its portfolio

Halong Bay.jpg
Ha Long International Cruise Port under Global Ports Holding's management for 15 years
Global Ports Holding (GPH) 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.

Having recently benefitted from a $44m investment, it is the first purpose-built cruise port in Vietnam and is capable of handling the world's largest cruise ships.

In 2019, Ha Long is expected to welcome over 75,000 passengers and it is forecasted to grow to over 100,000 passengers in 2020.

Located within entertainment complex

Situated within the Sun World Halong Complex, a 226 hectare entertainment and recreation complex, the port's 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.

Ha Long 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 home port 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.’

GPH manages 18 cruise ports around the world most recently launching operations in Antigua, As part of the acquisition of Creuers del Port de Barcelona in 2014, Global Ports Holding holds a stake in SATS Creuers, which is the terminal operator for Marina Bay Cruise Centre in Singapore.

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