Winland Ocean Shipping Corp. (WLOLQ)

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

Winland Ocean Shipping Corp. Announces an US$ 7.6 Million Annual Contract
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Winland Ocean Ship (OTCBB:WLOL)
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Today : Tuesday 20 December 2011
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.