Delivery Of New Build Ship By COSCO Dalian

22 January, 2010


The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that its subsidiary, COSCO (Dalian) Shipyard Co., Ltd. (“COSCO Dalian”) (being a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd) has delivered a new build 57,000 dwt bulk carrier, the M.V. VLAZAKIS I, to its buyer, a European ship owner (“the buyer”). The delivery documents were signed by and between COSCO Dalian and the buyer at COSCO Dalian on 21 January, 2010.

The bulk carrier measures 189.99 meters long, 32.26 meters wide and 18 meters high. Classed by B.V. Classification Society, the M.V. VLAZAKIS I, has a draft of 12.8 meters, a continued voyage capacity of 18,000 nautical miles and a navigation speed of 14.2 knots.

Cosco Corporation (Singapore) Limited