Delivery Of Vessel

1 November 2011

The Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") wishes to announce that 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 57000 dwt, "GEORGIANNA BO", to its European buyer.

The delivery documents were signed by and between COSCO Guangdong and the buyer on 26 October 2011.

The bulk carrier measures 189.99 meters in LOA (length of all), 32.26 meters in breadth and 18 meters in depth.

Cosco Corporation (Singapore) Limited, press release