Delivery Of The First New Build Ship By COSCO Guangdong

29 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 delivered its first new build ship, a 57,000 dwt bulk carrier, the M.V. APJ KAIS, the completion and christening of which was announced on 17 April 2009. The delivery documents were signed by and between COSCO Guangdong and the buyer at COSCO Guangdong on 28 April, 2009.

This is the largest ever bulk carrier in tonnage capacity built in the South China Region, 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 Corporation (Singapore) Limited