Delivery Of Vessel

10 December 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, "SHINYO AYUSH", to its European buyer.

The delivery documents were signed by and between COSCO Dalian and the buyer on 8 December 2010.

The bulk carrier measures 229.04 meters in LOA (length of all), 32.27 meters in breadth and 20.25 meters in depth.

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

Cosco Corporation (Singapore) Limited, press release