China: Winland Ocean Shipping Wins New Steel Transportation Contract

Winland Ocean Shipping Corp., 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.”

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World Maritime News Staff, December 12, 2011