- Cruise port operator Global Ports has announced that it has signed a 15-year management agreement with the Cuban company Aries S.A., for the operation of the cruise port in Havana, Cuba.

Under the terms of the agreement, the group will from 21 June 2018, use its global expertise and operating model to manage all of the cruise port operations over the life of the agreement.

As consideration, the group will be paid a management fee that is based on a number of factors including passenger numbers, with growth based incentives.

At 9:40am: [LON:GPH] Global Ports Holding Plc share price was +1p at 504p

Story provided by