Delivery of vessel

13 July 2012

The Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") wishes to announce that COSCO (Dalian) Shipyard Co., Ltd ("COSCO Dalian"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 80000DWT, "Peruvian Express", to its European buyer.

The delivery documents were signed by and between COSCO Dalian and the buyer in July 2012.

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

By Order of the Board
Wu Zi Heng
Vice Chairman and President
13 July 2012

Cosco Corporation (Singapore) Limited, press release