Delivery of New Build Ship by COSCO Dalian

15 March 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. PU LAN HAI to its buyer. The delivery documents were signed by and between COSCO Dalian and the buyer at COSCO Dalian on 12 March 2010.

The bulk carrier measures 189.99 metres long, 32.26 metres wide and 18 metres high. The M.V. PU LAN HAI has a draft of 12.8 metres, a continued voyage capacity of 18,000 nautical miles and a navigation speed of 14.2 knots.

Cosco Corporation (Singapore) Limited