Independent journal on economy and transport policy
11:27 GMT+1
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Global Ports Holding's revenues grew by 18% in the first quarter
The impact of the pandemic only marginally affected the period. Cuts in operating costs in the port segment
June 10, 2020
In the first three months of this year, period that -- confirmed the chairman and CEO of GIH, Mehmet Kutman - is been only marginally affected by the impact of the pandemic of Covid-19, the traffic of cruisers moved by the terminals GPH (excluding traffic related to GPH quotas) group in cruise activities in Venice, Lisbon, Singapore and La Goulette) was 1.25 million passengers, with an increase of 146% mainly driven contribution of new activities in the Caribbean through acquisition of cruise operations in Nassau and Antigua, with stakes in these activities by the group 30.6% and 62.5% respectively, which were carried out over the past year (1st25 February 2019). In the goods sector, in the first three months of 2020 The group's port terminals handled traffic 43,000 teu (-18%) and other load volumes 286,000 tonnes (up 46%).
The president and CEO of the GIH also confirmed that The impact of the pandemic has also hit group's activities and, in particular, port activities, with cruise activities that have practically been zeroed out. Kutman announced that the group has taken steps to contain costs of the port division that would reduce by 75% operating expenses from May to December 2020, due to a decrease in 60% in the full year.
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In the first three months of this year, period that -- confirmed the chairman and CEO of GIH, Mehmet Kutman - is been only marginally affected by the impact of the pandemic of Covid-19, the traffic of cruisers moved by the terminals GPH (excluding traffic related to GPH quotas) group in cruise activities in Venice, Lisbon, Singapore and La Goulette) was 1.25 million passengers, with an increase of 146% mainly driven contribution of new activities in the Caribbean through acquisition of cruise operations in Nassau and Antigua, with stakes in these activities by the group 30.6% and 62.5% respectively, which were carried out over the past year 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
