20 December 2013
Sino-Global Shipping America, Ltd. (NASDAQ: SINO) said it has signed a one-year strategic agreement with Jiangsu Lianyungang Port Logistics Holding Co., Ltd. to jointly develop and promote each other´s shipping agency and logistic service businesses both in China and overseas.
Each party will promote the other´s services to its existing customers and will share profits generated from such cross-referral activities on a contract-by-contract basis.
Lianyungang Port Logistics is a subsidiary of state-owned Lianyungang Port Group. With 35 berths and annual cargo throughput of 185 million tons, the Lianyungang Port is one of the 10 largest ports in China. See www.lygport.com.cn for more information.
Sino-Global is a shipping agency and logistic services provider that serves ships coming to and departing from a number of countries and regions, including China, Australia, South Africa, Brazil, Hong Kong, Canada and the United States. Founded in the United States in 2001, it is a Virginia corporation with its primary US operations in New York. For more Information, visit: www.sino-global.com.