N219 Naming and Delivery Ceremony

2011-3-9

On the morning of January 20, COSCO Guangdong Shipyard held a naming and delivery ceremony for the 57,000DWT bulk carrier N219, being built for the Turkish owner Semih Sohtorik Management & Agency (SSMA). The godmother, Mrs. Fatma Sohtorik, named the vessel 'Marine King'.

Mr. Emir Sohtorik, the Chairman of SSMA, as well as his mother Mrs.Fatma Sohtorik, and Mr. Mehmet Basoglu, the manager of SSMA, attended the delivery ceremony together with more than 200 representatives from NK Class, the Commercial Headquarters of COSCO Shipyard Group, and COSCO Guangdong Shipyard.

At the ceremony, Mr. Li Rong, General Manager of COSCO Guangdong Shipyard, warmly welcomed the guests from SSMA and NK Class who had came all the way to witness the big moment, whilst expressing his thanks to them for the trust and support they have given the Guangdong shipyard. He pointed out that Marine King was the first new build based on the close cooperation between SSMA and COSCO Guangdong Shipyard. During the construction process all the design, construction and supervision teams revealed their high design and build standard capability and made a great example for follow-on new building projects.

Mr.Emir Sohtorik expressed his appreciation and gratitude to the COSCO Guangdong Shipyard project team, and added that both sides should further promote communication and strengthen their friendship so as to improve the work efficiency and product quality in a harmonious atmosphere.

After the ceremony, representatives from both sides planted an evergreen tree together as a symbol of their friendship and also to promote their cooperation towards an even more advanced stage.

COSCO Shipyard Group Co. Ltd. press release