Sino-Global announces MOU with Brazil’s Wilson Sons Shipping Agency

Sino-Global Shipping America, Ltd. announced that it has signed a memorandum of understanding (MOU) with Wilson, Sons Shipping Agency, subsidiary of Wilson, Sons.

Under the terms of the MOU, Sino-Global will recommend Wilson, Sons to act as an agent to attend to Sino-Global clients‘ vessels in Brazil and Wilson, Sons will recommend Sino-Global to act as its agent in China for its clients‘ vessels loading in Brazil and discharging in China.

Cao Lei, Sino-Global’s Chief Executive Officer, stated, "This reciprocal appointment agreement follows similar agreements with Monson Agencies in Australia, Forbes & Company in India, COSCO Container Shipping Agency in China, and King & Sons in South Africa. It is a key component in Sino-Global’s strategic plan to extend its services worldwide by linking with leading shipping agencies in geographically diverse shipping ports. We are very pleased to establish a partnership with Wilson, Sons, the largest shipping agency in Brazil, and we anticipate that the various business opportunities that this opens to both companies could generate meaningful incremental revenue and earnings. Sino-Global will continue to pursue other such reciprocal business agreements in the future."

Frederico Sawabini, General Manager of Wilson, Sons Agency, added, "The substantial and increasing volume of business conducted by our clients between Brazilian and Chinese ports requires a strong partner in China. We expect to serve more ships from China and believe that Sino-Global’s history of high-quality service and ability to provide shipping agency services to ships in China’s ports will add tremendous value to our existing offering of shipping agency and logistics services."

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