Delivery of vessel

21 March 2012

The Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") wishes to announce that COSCO (Dalian) Shipyard Co., Ltd ("COSCO Dalian"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 57000 DWT, "GUOTOU 105", to its Asian buyer.

The delivery documents were signed by and between COSCO Dalian and the buyer on 16 March 2012.

The bulk carrier measures 189.99 meters in LOA (length of all), 32.26 meters in breadth and 18 meters in depth.

By Order of the Board
Wu Zi Heng
Vice Chairman and President
21 March 2012

Cosco Corporation (Singapore) Limited, press release