Global Ports Holding looks to expand Baltic portfolio

Global Ports Holding looks to expand Baltic portfolioGlobal Ports Holding plc (GPH), the world’s largest cruise port operator, signed a 20-year lease agreement for the port of Kalundborg in Denmark in mid-October to provide services to cruise passengers.

Kalundborg Cruise Port marks GPH’s entrance to the northern European cruise market. The company will be positioning Kalundborg as an alternative homeport to Copenhagen and promoting the destination to the cruise industry.

Emre Sayin, CEO of GPH, told CruiseTimes: “We have been looking at some projects in the Baltic Sea and believe that we can further add value in terms of investment, design, development, and marketing, so long as the short cruising season is compensated by the port’s potential.”

GPH will build a €6 million terminal building by 2025, which will reflect Kalundborg’s aim for sustainability by focusing on efficiency, design, and futurism, Sayin added.

Kalundborg is the first foothold in the Baltic for GPH, which is already eyeing up other ports in the region.

Since sealing this deal, a consortium led by the company has been chosen as preferred bidder to operate a number of cruise facilities in the Canary Islands.

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