valletta cruise port plc

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Dr. Ece Gürsoy

Dr. Ece Gursoy was appointed Chief Legal Officer of Global Ports Holding PLC in 2018. Prior to joining GPH, Dr. Gursoy served as the Chief Legal Officer, Company Secretary and Executive Director of Lightsource Renewable Energy Holdings Limited for six years. Before becoming an in-house lawyer, Dr. Gursoy spent over eight years at international law firm Dentons and White & Case specializing in project finance, infrastructure, energy and private equity, working on a wide range of projects. Dr. Gursoy is a member of the Law Society of England and Wales and the Istanbul Bar Association. She holds a LL.M. degree in Corporate and Commercial law from the University of London and a Ph.D. in European Competition Law from King’s College London. She is also a member of the Boards of Directors of, Valletta Cruise Port PLC, Goulette Cruise Holding Limited and the Director Secretary of GPH (Antigua) Ltd as well as the Company Secretary of Nassau Cruise Port LLC.

Virgin Voyages' guide to Valletta, Malta

Europe’s smallest capital city packs a huge historical punch.

Step back in time to the 16th century

A day at the island of comino & the blue lagoon, scenic hike from st. thomas bay to st peter’s pool, archaeological tour of valletta, we have even more in our curated catalog., unesco certified.

The entire city of Valletta is a UNESCO World Heritage Site.

Shore Excursions

Tuk-tuk Tour of Gozo

See parts of Gozo that are only possible via tuk-tuk, such as Sanap Cliffs, the Xewkija Rotunda Church and Victoria Citadel.

Set Sail the Virgin Way

Set sail the Virgin way and find a new approach to cruise vacations. Select a cruise itinerary and let's sail.

The modern med to ancient aegean.

Volcano views and vineyards in Catania

Barcelona to Malta & Greece

Making memories in Malta

Barcelona to France, Italy & Greece

The glittering and glamorous Greek Isle

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Valletta, Malta

Discover the myriad of cultural layers of Malta, from its amazing prehistoric temples at Tarxien to beautiful walled medieval Mdina, nearby Rabat, and Marsaxlokk, a colorful fishing village. Admire the stunning scenery and wander through imposing churches and down the streets of fortified towns where the Knights of St. John once held sway.

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VALLETTA CRUISE

Start planning your cruise and book your excursions in valletta and its surroundings.

The Maltese archipelago is a region of remarkable landscapes, historical architecture, and three UNESCO World Heritage Sites. On the island of Malta, an  MSC Mediterranean Cruises  destination, cities such as the  baroque Valletta and the medieval Mdina  unveil the island’s ancient past. Voted European Capital of Culture for 2018, Valetta is home to 16th-century buildings, enlightening museums, and a stunning waterfront promenade. Every year, the city plays host to a number of important village feasts and a colourful carnival.

MSC Cruises excursions offer plenty of exciting things to see including:

• Valletta and Mdina • Gozo Island • The Marvellous Megalithic Temples of Malta

Explore the city of  Valetta  on a scenic MSC Cruises excursion. Visit beautiful  Barrakka Gardens , a landscaped public park, before taking in views of the Grand Harbour. Next, glimpse stunning  Baroque and Neoclassical buildings  which are cast across the city. Admire the ornate interior of St. John’s Co-Cathedral, home to Caravaggio’s world-renowned painting. Finally, explore the medieval walled city of  Mdina , a maze of narrow streets and historical landmarks such as the Baroque St. Paul’s Cathedral. This incredible structure, which dates back to the 12th-century, features a wide array of striking frescoes.

Discover  Gozo , the  second-largest island in the Maltese archipelago , on an MSC Cruises excursion. Discover the Rotunda of Xewkija, the dramatic cliffs at Sanap, and the idyllic Xlendi Bay and its famous saltwater lagoon. Weather permitting, take a swim in Hondoq Bay, celebrated for its pristine beach and aquamarine waters. Then, on your way back to port, enjoy a shopping break at the artisan Gozo Crafts’ Centre.

If you’re an archaeology buff, book an exciting MSC Cruises excursion to the  Megalithic Temples of Malta , a  UNESCO World Heritage Site . Both Malta and nearby Gozo are home to an impressive set of prehistoric monuments, some which pre-date the Egyptian pyramids! Explore these mysterious places of worship before travelling to the charming fishing village of Marsaxlokk, where you’ll see brightly coloured ‘luzzu’ boats dancing on the water. Finish the day with a scenic drive through the Cottonera region, before taking a walking tour of Vittoriosa, an old fortified city.

CRUISES FROM / TO VALLETTA IN 2024

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M.S.C (Israel) Ltd

Malita Investments plc - Full-Year Results

On 18 April 2024, Malita Investments plc published its  Annual Report and Financial Statements for the year ended 31 December 2023.

Performance Overview

Revenue increased by 10.1% to a record of €9.71 million from €8.81 million in 2022 reflecting an uplift in lease and ground rent income from investment property.

On the expenditure side, administrative expenses surged by 44.9% to €0.90 million (2022: €0.62 million). Furthermore, an extra €0.30 million was included in operating expenses as a provision for liabilities and charges. Consequently, operating profit climbed 3.8% higher to €8.50 million compared to the previous record of €8.19 million last year.

The financial performance was also boosted by the fair value gain of investment property of €18.1 million compared to the fair value gain of €2.85 million in 2022. The uplift was brought about by the increase of €7.2 million (2022: gain of €17.0  million) in the present value of the Parliament Building and the Open-Air Theatre sites. Additionally, the Malta International Airport and Valletta Cruise Port sites also experienced a fair value increase of €10.9 million (2022: fair value loss of €14.1 million).

Net finance costs increased to €1.40 million from a €0.49 million loss in the previous year on the back of higher levels of finance income from the Housing Concession Agreements. In this respect, finance income from the Concession Agreements more than doubled to €3.04 million (2022: €1.29 million) whilst finance costs remained relatively unchanged from the previous year at €1.63 million.

Overall, Malita registered a pre-tax profit of €28.0 million. After accounting for a tax expense of €3.37 million, the net profit for the year amounted to €24.7 million compared to a net income of €8.78 million in 2022, resulting in a return on equity of 15.8%. (2022: 6.1%)

The Statement of Financial Position as at 31 December 2023 shows that total assets increased by 7.6% (+€20.8 million) to €293.0 million mainly reflecting both the higher value attributed to the housing project assets (+€16.8 million to €66.3 million) and investment property (+€18.1 million to €221.1 million). On the other hand, cash at the end of 2023 was €4.79 million as it decreased by €12.6 million throughout the year. Meanwhile, total liabilities remained relatively unchanged at €126.0. As a result, total equity increased by 14.6% to €167.0 million which translates into a net asset value per share of €1.1277 (31 December 2023: €0.9840).

The Directors are recommending the payment of an unchanged final net dividend of €0.0185 per share to all shareholders as at the close of trading on Friday 26 April 2024. The dividend will be paid on Thursday 13 June 2024 subject to shareholders’ approval at the upcoming Annual General Meeting scheduled to be held on Thursday 30 May 2023. Coupled with the interim net dividend of €0.00858 per share, the total net dividend for the 2023 financial year amounts to €0.02708 per share, which is 6.5% greater than 2022.

Update on the Affordable Housing Project

In their commentary, the Directors explained that the Affordable Housing Project continued to register significant progress and in 2023, the Company completed the development of a total of 80 residential units, 39 lock-up garages and 3 parking spaces. Moreover, a further 308 units, 158 lock-up garages and 141 car spaces will be completed and available for rent in 2024.

The Board noted that Malita needed an additional €63 million for the completion of the housing project due to heightened spending attributed to the construction of more units than initially budgeted, elevated service rates compared to the original budget, and increased costs stemming from supply chain constraints within the construction industry. Furthermore, the Company stated that the termination of significant contractors and the subsequent appointments played a pivotal role in inflating the rates.

In the current financial year, Malita has addressed its financing shortfall by tapping into the following funding streams:

• €29.9 million raised from a Rights Issue.
• €22 million from a credit facility from the European Investment Bank (EIB) which the Company entered into on 15 March.
• €7 million approved in principle by the Council of Europe which is still subject to legally binding documentation.
• An additional €4 million from a financial institution, which is currently in an advanced stage of negotiations but not yet approved.

Storied Valletta

Perched proudly atop the limestone cliffs of Malta’s northeastern coast, Valletta stands as a testament to the island’s rich history and architectural splendor. As you step into its storied streets, you’re greeted by a captivating blend of Baroque grandeur, medieval fortifications, and bustling Mediterranean life.

Marvel at the imposing bastions and fortified walls that encircle the city, a legacy of the Knights of St. John who once defended Malta from invaders. Wander through the narrow alleyways of the old town, where every corner reveals a new marvel, from ornate churches adorned with priceless artworks to charming squares bustling with life.

WHY VALETTA

Upon Valletta’s ancient walls, you’ll find yourself enchanted by the timeless beauty of this UNESCO World Heritage site. Whether you’re exploring its historic landmarks or simply soaking in the vibrant atmosphere of its bustling streets, Valletta offers a truly unforgettable experience.

Practical Guide for Your Visit to   VALLETTA

Explore Valletta’s historic streets, visit landmarks such as St. John’s Co-Cathedral, the Upper Barrakka Gardens, and the Grandmaster’s Palace.

WHAT TO EAT

Indulge in Maltese cuisine, trying specialties like pastizzi (flaky pastry filled with ricotta or peas), rabbit stew, and fresh seafood dishes such as lampuki (dorado) or octopus stew.

THE PERFECT SOUVENIR

Bring home some local products such as Maltese honey, olive oil, or a bottle of Maltese wine. You could also shop for handmade lace, filigree jewelry, or traditional Maltese tiles at the local markets or artisan shops.

INSIDER TIP

Visit the nearby town of Mdina, the former capital of Malta, to explore its medieval streets and historic sites, or take a ferry to the neighboring island of Gozo to discover its charming villages, rugged coastline, and ancient temples.

Experience with us

Maximize your time in Malta with the flexible Attractions Pass, offering access to various sites and transportation in Valletta. Explore at your own pace, hopping on and off buses to visit intriguing attractions like the Mdina Dungeons for medieval history and the UNESCO-listed Valletta. Experience local culture at Malta 5D with innovative films and the Malta Experience show. Enjoy seamless exploration with this diverse pass.

Immerse yourself in Valletta’s beauty and history while mastering the art of photography on our guided tour. Start at Triton Fountain for captivating shots, then explore Saint John’s Cathedral Museum and St. George Square for grandeur. Capture stunning views at Lower and Upper Barrakka Gardens. Create unforgettable memories with our expertly curated tour.

Experience the best of Malta with our Cityscape Tour. From the port, admire St. Elmo and the Valletta Waterfront before reaching the charming Pjazza San Publiju. Explore Mdina’s timeless charm and enjoy shopping before a seamless return to the port. A day filled with exploration and discovery awaits you!

Embark on the captivating “How Was It Built: Valletta” tour series, unveiling the city’s rich history and architectural wonders. Explore Valletta’s UNESCO World Heritage fortifications, marvel at St. John’s Co-Cathedral’s Baroque splendor, and uncover the Grand Master’s Palace’s historic significance. Visit Auberge de Castille, witness its transformation into the Prime Minister’s office, and stroll through the scenic Upper Barrakka Gardens. Immerse yourself in Valletta’s captivating past and present on this enlightening journey.

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Global Ports Holding PLC

• Price (GBX) 202.50
• Today's Change -3.50 / -1.70%
• Shares traded 21.58k
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Global Ports Holding Plc

Gb00bd2zt390, marine port services.

• Global Ports Holding Plc and MSC Croisières S.A. completed the acquisition of Goulette Shipping Cruise.

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