Sino-Global Announces Establishment of A Wholly-owned Canadian Subsidiary,
Sino-Global Shipping Canada Inc.
- New Subsidiary will Provide Services for Ships Loading Commodities at
Canadian Ports and Delivering them to China -
BEIJING, Dec. 19, 2012
BEIJING, Dec. 19, 2012 /PRNewswire/--Sino-Global Shipping America, Ltd.
(Nasdaq: SINO), a leading non-state-owned provider of shipping agency services
operating primarily in China, today announced that it has established a new
wholly-owned subsidiary, Sino-Global Shipping Canada Inc., to provide services
for ships loading commodities at Canadian ports and delivering them to China.
Sino-Global Shipping Canada is already providing shipping services to
Baosteel's vessels in Canada.Baosteel, based in Shanghai, China, is the
second largest steel producer in the world with huge demands for iron ore and
Mr. Cao Lei, Sino-Global's Chief Executive Officer, stated, "As we have noted
in the past, Sino- Global Shipping America Ltd. has always sought to expand
its geographical reach by developing relationships and activities
worldwide.The new wholly-owned Canadian subsidiary is another step in
establishing Sino-Global as the pre-eminent provider of shipping services
worldwide.Canada is a country rich in natural resources and is a major
shipper of such commodities throughout the world. We anticipate that
Sino-Global Shipping Canada will open up additional Canadian business
opportunities that will result in incremental revenues and earnings.
About Sino-Global Shipping America, Ltd.
Registered in the United States in 2001 and operating primarily in mainland
China, Sino-Global is a leading, non-state-owned provider of high-quality
shipping agency services. With local branches in most of China's main ports
and contractual arrangements in all those where it does not have branch
offices, Sino-Global is able to offer efficient, high-quality shipping agency
services to shipping companies entering Chinese ports. With a subsidiary in
Perth, Australia, where it has a contractual relationship with a local
shipping agency, Sino-Global provides complete shipping agent services to
companies involved in trades between Chinese and Australian ports. Sino-Global
also cooperates with companies in Hong Kong, China, India, and South Africa to
offer comprehensive shipping agent services to vessels going to and from some
of the world's busiest ports.
Sino-Global provides ship owners, operators and charters with comprehensive
yet customized shipping agency services including intelligence, planning,
real-time analysis and on-the-ground implementation and logistics support.
Sino-Global has achieved both ISO9001 and UKAS certifications.
Forward Looking Statements
No statement made in this press release should be interpreted as an offer to
purchase any security. Such an offer can only be made in accordance with the
Securities Act of 1933, as amended, and applicable state securities laws. Any
statements contained in this release that relate to future plans, events or
performance are forward-looking statements that involve risks and
uncertainties as identified in Sino-Global's filings with the Securities and
Exchange Commission. Actual results, events or performance may differ
materially. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as the date hereof. Sino-Global
undertakes no obligation to publicly release the results of any revisions to
these forward-looking statements that may be made to reflect the events or
circumstances after the date hereof or to reflect the occurrence of
For More Information
For a more detailed review of Sino-Global, please refer to Sino-Global's web
Mr. Mingwei Zhang, Chief Financial Officer Stephen D. Axelrod, CFA
Sino-Global, Beijing Wolfe Axelrod Weinberger Assoc.
Tel. +86-10-6439-1888 Tel. (212) 370-4500 Fax (212)
SOURCE Sino-Global Shipping America, Ltd.
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