Delivery of Vessel

4 August 2011

The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that COSCO (Nantong) Shipyard Co., Ltd (“COSCO Nantong”), a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd has delivered the second shuttle tanker “RECIFE KNUTSEN” to its European buyer.

The delivery documents were signed by and between COSCO Nantong and the buyer on 3 August 2011.

The shuttle tanker measures 246.8 meters in LOA (length of all), 42 meters in breath and 22.5 meters in depth.

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

Cosco Corporation (Singapore) Limited, press release