China: COSCO Delivers Two Newbuild Bulk Carriers

The Board of Directors of COSCO Corporation (Singapore) Limited announced today that subsidiaries of the Company’s 51% owned COSCO Shipyard Group Co., Ltd have made the following deliveries:

1. COSCO (Dalian) Shipyard Co., Ltd has delivered one bulk carrier of 82.000 DWT, “ECOFAITH G.O.”, to its European buyer.

2. COSCO (Zhoushan) Shipyard Co., Ltd has delivered one bulk carrier of 57.000 DWT, “ASIAN CHAMPION”, to its Asian buyer.

All the delivery documents were signed by and between the COSCO shipyards and the respective buyers in July 2012.

The bulk carrier of 82.000 DWT measures 229 meters in LOA (length of all), 32.26 meters in breadth and 20.25 meters in depth.

The bulk carrier of 57.000 DWT measures 189.99 meters in LOA (length of all), 32.26 meters in breadth and 18 meters in depth.

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Source: COSCO , July 12, 2012