Goldenport Holdings Inc. the international shipping company that owns and operates a fleet of dry bulk and container vessels, announces the termination of the Sentinel Holdings Inc. ("Sentinel") JV with Topley Corporation ("Topley"), the company said in its press release.
The Company and Topley, a subsidiary of Glencore International AG, agreed the termination of the Sentinel JV and the transfer of the 50% interest held by Topley to the Company for a token consideration of US$1. As a result of this agreement, the Company is assuming 100% ownership of M/V Alpine Trader and M/V Ermis that have been owned by the JV since their construction in 2009.
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