Delivery of Vessel

1 July 2010

The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that COSCO (Guangdong) Shipyard Co., Ltd (“COSCO Guangdong”) (being a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co) has delivered a bulk carrier of 57,000 dwt, “CHRISTOS THEO”, to its European buyer.

The delivery documents were signed by and between COSCO (Guangdong) with the buyer on 30 June 2010.

The bulk carrier measures 18 meters high, 32.26 meters wide, and 189.99 meters long.

Cosco Corporation (Singapore) Limited, press release