Delivery of Vessel

17 September 2010

The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that COSCO (Dalian) Shipyard Co., Ltd “COSCO Dalian”, a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co, has delivered a bulk carrier of 80,000 dwt, “MAIRINI”, to its European buyer.

The delivery documents were signed by and between COSCO Dalian and the buyer on 16 September 2010.

The bulk carrier measures 20.25 meters high, 32.27 meters wide, and 229.04 meters long.

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

Cosco Corporation (Singapore) Limited, press release