Delivery of Vessel

23 November 2012

The Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") wishes to announce that COSCO (Guangdong) Shipyard Co., Ltd ("COSCO Guangdong"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 35000DWT, "MARINE PRINCESS", to its Asian buyer.

The delivery documents were signed by and between COSCO Guangdong and the buyer in November 2012.

The bulk carrier measures 179.99 meters in LOA (length of all), 30 meters in breadth and 14.7 meters in depth.

Cosco Corporation (Singapore) Limited, press release