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SATS ( (SG:S58) ) just unveiled an announcement.
SATS-Creuers Cruise Services Pte Ltd will lead a significant upgrade of the Marina Bay Cruise Centre Singapore (MBCCS) starting in the first quarter of 2025. This S$40 million project aims to enhance passenger experience by expanding facilities to accommodate larger cruise ships and increasing capacity from 6,800 to 11,700 passengers. The Singapore Tourism Board has extended SATS-Creuers’ operator agreement for up to ten years, reflecting confidence in the company’s ability to manage the upgraded terminal. The improvements will include a new check-in area, updated amenities, and a larger Ground Transport Area to improve accessibility and passenger flow.
More about SATS
YTD Price Performance: -28.20%
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.72B
For an in-depth examination of S58 stock, go to TipRanks’ Stock Analysis page.
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