HONG KONG, December 6, 2011 /PRNewswire-Asia-FirstCall/ -- Winland Ocean Shipping Corp. (OTCBB: WLOL), a global shipping company, today announced Fon Tai Shipping Co., Limited, a subsidiary of the Company, and Viterra Asia Pte Ltd. Singapore have entered a USD 2.2 million shipping contract to transport 53,300 MT yellow peas from Canada to India.
M/V Fon Tai will carry the contracted cargo. Fon Tai will leave Rizhao, China, load the cargo in Vancouver, Canada, call port at Singapore for bunkering and then discharge the shipment in the ports of Vizag and Kolkata in India.
"We are very pleased to provide our high quality transportation services to Viterra," Ms. Xue Ying, CEO, said, "We deeply understand our customers' demand on fast, safe and stable shipping services, therefore, we continue to optimize the fleet structure, improve the service procedure and upgrade the business management system. We will continuously advance our service quality to meet our customers' changing and various transportation needs."
About Viterra:
Viterra is a global food ingredients agribusiness headquartered in Canada. It has extensive operations and distribution capabilities across Western Canada, as well as in Australia and New Zealand. Viterra also has offices and operations in the United States, Japan, Singapore, China, Switzerland, and a joint venture in Ukraine and India.
About M/V Fon Tai:
Fon Tai is the Company's first 57,000 DWT new built bulk carrier delivered and placed in service early this year. Fon Tai's port of registry and flag is Hong Kong, China. It was registered in Nippon Kaiji Kyokai (ClassNK), which is one of the top ten ship classification societies in the world.
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.
No securities regulatory authority has either approved or disapproved the contents of this news release.
Contacts: | ||
Winland Ocean Shipping Corp. | ||
Tiger Cai | ||
Investor Relations | ||
Tel: +852-2854-9088 | ||
Fax: +852-2854-9087 | ||
Email: Tiger@winlandshipping.com | ||
Nancy Jing | ||
Chief Financial Officer | ||
Tel: +1-408-833-4588 | ||
Fax: +1-800-779-2319 | ||
Email: nancy@winlandshipping.com | ||
