Global Ports Holding (GPH), the world's leading operator independent port terminals for cruises, has signed a memorandum of understanding with the Government of Saint Vincent and The Grenadines which provides for the carrying out of negotiations exclusively for the development and operation of the cruise terminal of the Port of Luxembourg Caribbean state, which currently records an annual traffic of about 200 thousand passengers.

Turkey's Global Yatirim Holding, the controlling shareholder of the GPH, specifying that the completion of the transaction is subject to the achievement of definitive agreements between the parties on the terms of the concession, announced that, once the GPH plans to implement an investment programme in two phases to expand the capacity of the terminal, accommodate larger cruise ships and improve the experience of passengers.