Delivery of vessel

3 May 2012

The Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") wishes to announce that COSCO (Zhoushan) Shipyard Co., Ltd ("COSCO Zhoushan"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 92500DWT, "TRANS HANGZHOU", to its European buyer.

The delivery documents were signed by and between COSCO Zhoushan and the buyer on 27 April 2012.

The bulk carrier measures 229.2 meters in LOA (length of all), 38 meters in breadth and 20.7 meters in depth.

By Order of the Board
Wu Zi Heng
Vice Chairman and President
3 May 2012

Cosco Corporation (Singapore) Limited, press release