Delivery Of New Build Heavy Lift Ship By COSCO Dalian

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 30,000 dwt multipurpose heavy lift carrier, the PARANDOWSKI, to its buyer. The delivery documents were signed by and between COSCO Dalian and the buyer at COSCO Dalian recently.

The heavy lift carrier measures 199.8 meters long, 27.8 meters wide and 15.5 meters high. Classed by PRS, the PARANDOWSKI, has a draft of 10.3 meters and a navigation speed of 19.2 knots.

By Order of the Board
Jiang Li Jun
Vice Chairman and President
29 November 2010

Cosco Corporation (Singapore) Limited, press release