COMPLETION AND CHRISTENING OF THE FIRST
NEW BUILD SHIP BY COSCO GUANGDONG

Press release: 20 April 2009

The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that its subsidiary, COSCO (Guangdong) Shipyard Co., Ltd. (“COSCO Guangdong”) (being a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd) has recently completed its first new build ship, a 57,000 dwt bulk carrier M.V. APJ KAIS. The Christening ceremony for the ship was held at COSCO Guangdong on 17 April, 2009.

This is the largest ever bulk carrier in tonnage capacity built in southern China, measuring 189.99 meters long, 32.26 meters wide and 19 meters high. The M.V. APJ KAIS, classed by B.V. Classification Society, has a draft of 12.8 meters and a navigation speed of 14.2 knots.

COSCO Shipyard