Delivery of Vessels

21 August 2012

The Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") wishes to announce that subsidiaries of the Company’s 51% owned COSCO Shipyard Group Co., Ltd have made the following deliveries:

1. COSCO (Dalian) Shipyard Co., Ltd has delivered one bulk carrier of 92500 DWT, “SIBERIA EXPRESS”, to its European buyer.

2. COSCO (Guangdong) Shipyard Co., Ltd has delivered one bulk carrier of 35000 DWT, “MARINE PRINCE”, to its Asian buyer.

All the delivery documents were signed by and between the COSCO shipyards and the respective buyers in August 2012.

The bulk carrier of 92500 DWT measures 229.165 meters in LOA (length of all), 38.01 meters in breadth and 20.7 meters in depth.

The bulk carrier of 35000 DWT measures 179.99 meters in LOA (length of all), 30 meters in breadth and 14.7 meters in depth.

Cosco Corporation (Singapore) Limited, press release