Sino-Global Renews Agency Agreement with Beijing Shou-Rong

Agency Agreement renewed with Sino-Global's largest client for two years
Appoints Sino-Global as port attending agent for all Chinese ports

Tuesday, February 2, 2010

BEIJING, Jan 15, 2010 /PRNewswire via COMTEX/ -- Sino-Global Shipping America, Ltd. (Nasdaq: SINO) ("Sino-Global"), a leading, non-state-owned provider of shipping agency services operating primarily in China, announced that it has signed an agency agreement with Beijing Shou-Rong Forwarding Service Co., Ltd. ("Beijing Shou-Rong"), an affiliate of Capital Steel, a steel company in China. The previous agency agreement was to expire on December 31, 2009. Sino-Global and Beijing Shou-Rong extended the agreement through December 31, 2011.

"We are pleased with the opportunity to continue to assist Beijing Shou-Rong with its port agent needs," said Mr. Cao Lei, Sino-Global's chief executive officer. "Beijing Shou-Rong is our largest client, and we believe this two-year extension demonstrates the confidence they have in our shipping agency services."

The new agency agreement appoints Sino-Global as Beijing Shou-Rong's exclusive port attending agent in all Chinese ports for all iron ore-carrying ships. In 2009, Sino-Global served as agent for ships carrying 48 million tons of iron ore for Beijing Shou-Rong.

Sino-Global