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Winland Ocean Shipping Corp. Announces an US$ 7.6 Million Annual Contract

2011-12-20 21:04 1639

HONG KONG, December 20, 2011 /PRNewswire-Asia-FirstCall/ -- Winland Ocean Shipping Corp. (OTCBB: WLOL), a global shipping Company, today announced an Annual Contract to transport over a half million ton pig iron and HBI ("Hot Briquetted Iron") from the Black Sea Area and South America to Asia, and the total value of the contract is about US$ 7.6 Million.

The company signed this annual contract with an active Singapore based trader, and will arrange several vessels to carry out the shipment in one year's time. According to the contract, all the cargoes will be loaded in main ports around the Black Sea and South America, and then discharged in main ports in Asia designated by the shipper.

"We are very pleased to sign this big contract by the end of this tough year." Ms. Xue Ying, CEO, said, "For the whole year, we worked hard to provide our high quality transportation services to customers in one hand, and in another hand, we also made a lot of efforts to optimize the versatility of our fleet to prepare for the recovery of the market. Besides, we continue to build on our brand and increase customer loyalty, which we believe will make the company more competitive and profitable." Added Ms. Xue Ying, "We keep executing the company's strategies to add value to our customers and shareholders. This contract is a kind of reward to our effort and is also a wonderful Christmas and New Year present to the Company."

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





Source: Winland Ocean Shipping Corp.
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