Delivery of Vessel

7 September 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 COSCO Shipyard Group Co., Ltd has delivered a bulk carrier of 79200DWT, “DIANE” to its European buyer.

The delivery documents were signed by and between COSCO Dalian and the buyer on 5 September 2011.

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

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

Cosco Corporation (Singapore) Limited, press release