Winland Ocean Shipping Corp. Announces US$ 2.5 Million Annual Contract

HONG KONG, December 15, 2011 /PRNewswire-Asia-FirstCall/ -- Winland Ocean Shipping Corp. (OTCBB: WLOL), a global shipping Company, is pleased to announce an annual contract to transport 150,000 to 200,000 tons of dolomite for Sojitz Corporation ("Sojitz") from China to Japan.

According to the contract, the company will arrange several vessels to transport the contracted cargo from port cities along the Yangtze River to nominated ports in Japan in one year's time. The total value of the contract is about US $2.5 million.

"We are very pleased to provide our high quality transportation services to Fortune 500 companies like Sojitz. Actually, our relationship has been established over many years," Ms. Xue Ying, CEO, said. "As a global shipping company and one of the leading players in the Asia-Pacific, we have many valuable clients like Sojitz. They are our great assets which, we believe, will make the Company more competitive. We could also see more contracts in the coming months."

The company signed this contract with a Hong Kong based trading company named CTB Xinhai Limited as shipper and Sojitz as consignee.

About Sojitz

Sojitz Corporation is an international trading corporation based in Tokyo, Japan. It operates in many industries, including construction, forestry, plastics, chemicals, mining, petroleum, textiles, and international trade. Sojitz is a public company listed in Tokyo Stock Exchange (TYO: 2768) with revenue of US$ 41.3 billion in fiscal year 2010.

Description of Winland Ocean Shipping Corp.

Winland Ocean Shipping Corp. is a global shipping company with a fleet of Company-owned vessels, mainly in the handysize and supramax category, engaged in ocean transportation of dry bulk cargoes and chartering brokerage services worldwide.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. For this purpose, statements that are not statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, but not limited to, the impact of competitive services and products, pricing and new technology; changes in customer preferences and effectiveness of marketing; changes in laws and regulations; fluctuations in costs of doing business, and other factors as those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. In addition, the company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

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