Delivery of Vessel

27 August 2010

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, has delivered a bulk carrier of 57,000 dwt, “AMAZING”, to its Asian buyer.

The delivery documents were signed by and between COSCO (Zhoushan) and the buyer on 26 August 2010.

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

By Order of the Board
Jiang Li Jun
Vice Chairman and President

Cosco Corporation (Singapore) Limited, press release