Winland Ocean Shipping Corp. Announces New US$ 2.88 Million Contract

HONG KONG, December 12, 2011 /PRNewswire-Asia-FirstCall/ -- Winland Ocean Shipping Corp. (OTCBB: WLOL), a global shipping Company, today announced a new US$ 2.88 Million Contract to transport steel product from the Black Sea to Far East.

To better fulfill the demand of the cargo owner, the company chartered in a 57,000 DWT bulk cargo vessel from a European ship owner to carry the contracted cargo, it took less than two month to carry out the contract and earned US$ 2.88 Million in revenue.

"We are very pleased to enter this contract in such a market downturn," Ms. Xue Ying, CEO, said. "Shipping capacity has continued to increase in recent years while cargo transportation demand is still depressed. The signing of this contract reflects our high-level operation and wide client base. We will not rule out acquiring more large capacity vessels to meet our customers' changing and various transportation needs."

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.