Delivery Of New Build Ship By COSCO Dalian

23 February, 2010

The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that its subsidiary, COSCO (Dalian) Shipyard Co., Ltd. (“COSCO Dalian”) (being a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd) has delivered a new build 92,500 dwt bulk carrier, the M.V. Scandinavian Express, to its European buyer. The delivery documents were signed by and between COSCO Dalian and the buyer at COSCO Dalian on 11 February, 2010.

The bulk carrier measures 229.2 meters long, 38 meters wide and 20.7 meters high. Classed by Lloyd’s Register, the M.V. Scandinavian Express, has a navigation speed of 14.1 knots and a continued voyage ability of 22,000 nautical miles.

Cosco Corporation (Singapore) Limited