COSCO Announces Recent Deliveries

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

COSCO (Zhoushan) Shipyard Co., Ltd has delivered a bulk carrier of 57.000 DWT, named OCEAN LOVE, to its European buyer. The bulk carrier measures 189.99 meters in LOA (length of all) and 32.26 meters in breadth.

COSCO (Dalian) Shipyard Co., Ltd has delivered a bulk carrier of 82.000 DWT, named XIN TANG SHAN HAI 1, to its Chinese buyer. The bulk carrier measures 229 meters in LOA (length of all) and 32.26 meters in breadth.

Both delivery documents were signed by and between COSCO shipyards and the respective buyers in April 2013.

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COSCO, April 18, 2013