Global Ports Holding Plc announced audited operating results for the year ended December 31, 2019. For the year, the company reported General & Bulk Cargo of 743,100 tons against 1,478,400 tons a year ago. Throughput was 199,180 TEU against 236,700 TEU a year ago. Passengers was 5.3 million against 4.4 million a year ago.

The company announced that Edmond Déau and Thomas Josef Maier, having both decided not to stand for re-election as Independent Non-Executive Directors at the next AGM, agreed to step down early to allow new board members to join as soon as practically possible. As a result, Andy Stuart, until recently President and Chief Executive Officer of Norwegian Cruise Line, the largest cruise line of Norwegian Cruise Line Holdings Ltd, joined the board. Andy brings vast experience of the cruise industry, gained over a period of more than 30 years, and he will be a valuable addition to the team.

The Company paid a $12.5 million interim dividend (15.5 pence per share) in November 2019. In terms of a full year dividend payment, in light of the unprecedented level of disruption to global trade and the cruise industry and the associated short term uncertainty, the Board of GPH decided that it was prudent and in the best interests of all stakeholders to temporarily suspend the dividend for full year 2019, until the situation becomes clearer.