Global Port Holdings (GPH) has arrived in the Bahamas, having begun operating its first cruise port in the region with plans to run more landings within the vacation paradise.
The London-based port operator on Wednesday opened Nassau's Prince George Wharf Cruise Port with plans to carry out a $250m expansion over the next two years.
Nassau Cruise Port, a consortium made up of GPH, Bahamas Investment Fund and Yes Foundation, has signed a 25-year concession with Bahamas' government for the Nassau location.
"In terms of other ports in the region, the company is looking at a number of ports in the Caribbean and broader Americas region, which are in various stages of discussion," spokesman Imran Jina told TradeWinds.
"As GPH is a listed company, it has requirements to announce these when they have reached any firm stage, and the company will update when it is in a position to do so."
The Prince George Wharf project, set to boost yearly volume of 3.7m passengers by 50%, will entail erecting a new terminal, event, entertainment, food and beverage areas.
In addition, existing retail facilities will be upgraded as part of an overall effort to kick start wider redevelopment of downtown Nassau.
Revenue from Prince George Wharf, GPH's largest cruise port under its management, is expected to reach $40m per year.
GPH, founded in 2005, operates 14 other ports across Europe.
