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Winland Ocean Shipping Corp. (WLOL) Shares Rise due to Newly Inked $2.88 million Contract

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Shares of Winland Ocean Shipping Corp. (OTC: WLOL), a provider of shipping and logistics services, are soaring in today’s trading. At last check, the penny stock of Winland Ocean was trading 11.59% higher at $0.520, with volume up from daily average of 301,778 to 615,079. In the last three trading sessions, Winland shares gained 33.33%.

Winland shares are soaring after the company earlier this week announced a new $2.88 million contract to transport steel product from the Black Sea to Far East. The company has chartered in a 57,000 DWT bulk cargo vessel from a European ship owner to carry the cargo.

Xue Ying, CEO of Winland Ocean Shipping, said that the company is very pleased to enter the contract in such a market downturn. Ying said that shipping capacity has continued to increase in recent years while cargo transportation demand is still depressed and the signing of the contract reflects the company’s high-level operation and wide client base. Ying added that the company will not rule out acquiring more large capacity vessels to meet its customers’ changing and various transportation needs.

Posted by on Wednesday, December 14th, 2011. Filed under Internet, Mobile. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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