Delivery Of Vessels

8 December 2010

The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that COSCO (Dalian) Shipyard Co., Ltd. (“COSCO (Dalian)”) and COSCO (Zhoushan) Shipyard Co., Ltd. (“COSCO (Zhoushan)”) (being two subsidiaries of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd) have each delivered one unit of bulk carrier, “NEWLEAD TOMI” and “ARIZONA”, to its European buyers respectively.

The delivery documents were signed by and between COSCO (Dalian) and COSCO (Zhoushan) with the buyers respectively on 3 December 2010 and 7 December 2010.

The 80,000 dwt bulk carrier delivered by COSCO Dalian is 229.04 meters in LOA (length of all), 32.27meters in breadth and 20.25 meters in depth and the 57,000 dwt bulk carrier delivered by COSCO Zhoushan measures 189.99 meters in LOA (length of all), 32.26meters in breadth and 18 meters in depth.

By Order of the Board
Jiang Li Jun
Vice Chairman and President
8 December 2010

Cosco Corporation (Singapore) Limited, press release