Winland Ocean Shipping Corp. Comments on a Report Issued by Deutsche Bank Hong Kong

HONG KONG, December 8, 2011 /PRNewswire-Asia-FirstCall/ -- Winland Ocean Shipping Corp. (WLOL.OB) a global shipping company, today comments on a research report issued by Deutsche Bank Hong Kong on the shipping industry.

The report stated "the shipping sector continues to deteriorate at a faster pace than we expected entering 4Q, with liners now burning cash rapidly. While this adds near-term earnings downside risk to liners, we read it as a positive signal for the sector in the medium term, as carriers will be forced to be disciplined given their negative cash flow. Along with demand picking up and new build supplies tapering off, we expect the sector to bottom out in late 1Q12. We believe investors should position in advance, as stocks move ahead of industry fundamentals."

"We noticed several China based shipping stocks listed on Hong Kong went up sharply on December 7, 2011," said Ms. Sharry Xue, CEO of the company, "For example, COSCO (1919.HK) rose over 11%, CSCL (0866.HK) rose 9.8% and OOIL (0316.HK) rose 9.12%, we believe this is a signal for the recovery of the industry and we are ready to capture many opportunities with our increasing capacity."

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a substantial private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 73 countries (as of September 30, 2011), Deutsche Bank offers unparalleled financial services throughout 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.