Delivery of Vessel

11 January 2016

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 111,000 DWT Tanker, "FRONT OCELOT", to its European Buyer.

The delivery documents were signed by and between COSCO Zhoushan and the buyer recently.

The vessel measures 252 meters in LOA (length of all), 44 meters in breadth and 21 meters in depth.

By Order of the Board
Wu Zi Heng
Vice Chairman and President
11 January 2016

Cosco Corporation (Singapore) Limited