Delivery of Vessels

12 July 2011

The Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") wishes to announce that COSCO (Zhoushan) Shipyard Co., Ltd ("COSCO Zhoushan"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 57000DWT, " JAG RANI", to its Asian buyer.

The delivery documents were signed by and between COSCO Zhoushan and the buyer on 8 July 2011.

The bulk carrier measures 189.99 meters in LOA (length of all), 32.26 meters in breadth.

Separately, COSCO (Guangdong) Shipyard Co., Ltd ("COSCO Guangdong"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 57000DWT, to its Asian buyer.

The delivery documents were signed by and between COSCO Guangdong and the buyer on 6 July 2011.

The bulk carrier measures 189.99 meters in LOA (length of all), 32.26 meters in breadth.

By Order of the Board
Jiang Li Jun
Vice Chairman and President
12 July 2011

Cosco Corporation (Singapore) Limited, press release