Delivery of FPSO

22 November 2012

The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that COSCO (Dalian) Shipyard Co., Ltd. (“COSCO Dalian”) (being a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd), has delivered a converted FPSO, “Petrobras 63”, to a European ship-owner.

The delivery documents were signed by and between COSCO Dalian and the ship-owner on 20 November 2012. The FPSO, classified by ABS, is 28.5 meters in depth, 57.3 meters in breadth, and 334.563 meters in LOA (length of all). The conversion from VLCC to FPSO involved steel fabrication, module installation, integration and installation of cables, pipes and equipment.

Cosco Corporation (Singapore) Limited, press release