Delivery of Vessel

1 December 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 92500DWT, "POS TOPAS", to its European buyer.

The delivery documents were signed by and between COSCO Zhoushan and the buyer on 28 November 2011.

The bulk carrier measures 229.2 meters in LOA (length of all), 38 meters in breadth and 20.7 meters in depth.

Cosco Corporation (Singapore) Limited, press release