Delivery of Vessel

20 June 2011

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 subsidiary COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 80,000 dwt, "SILVERSTAR ", to its Asian buyer.

The delivery documents were signed by and between COSCO Dalian and the buyer on 17 June 2011.

The bulk carrier measures 229 meters in LOA (length of all), 32.26 meters in breadth and 20.25 meters in depth.

Cosco Corporation (Singapore) Limited, press release