Winland Ocean Shipping Corp. (WLOLQ)

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NEWS IS OUT!!! Winland Ocean Shipping Corp. Announces Delivery of First 57,000 DWT Bulk Carrier Vessel

ONG KONG, Dec. 1, 2011 /PRNewswire-Asia-FirstCall/ -- Winland Ocean Shipping Corp. (OTCBB: WLOL), a global shipping Company, announced today that the company's first new 57,000 DWT bulk carrier vessel "Fon Tai" was successfully delivered and placed in service. The Chairman and management executives of the Company attended the ship christening ceremony at the shipyard.
"Fon Tai" was constructed by Jiangsu New Hantong Ship Heavy Industry Co., Ltd. As a 57,000 DWT bulk carrier vessel, it is considered to be the most flexible and economic in the ship market. To be more convenient to transport around China and the world, "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.
Ms. Xue Ying, CEO said, "With the delivery and operation of 'Fon Tai', it will help the company to expand its capacity and optimize the fleet structure. It will also enable the company to ship various cargo and provide broader services to our customers."
"The construction contract of building 'Fon Tai' was made when the shipbuilding market was floppy. From the current ship market point of view, the expansion strategy adopted in the depressed ship market is right," said the Chairman and President of the Company Mr. Li Honglin. He added, "We will continue to carry out this strategy and enhance the company's capacity, we would not rule out making additional vessel acquisitions in the near future."
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.