Delivery of Vessels

23 May 2013

The Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") wishes to announce that COSCO (Zhoushan) Shipyard Co., Ltd ("COSCO Zhoushan"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered one bulk carrier of 57000DWT, "OCEAN LADY" and one bulk carrier of 82000DWT, "DL ACACIA", respectively to its European and Asian buyers.

The delivery documents were signed by and between COSCO Zhoushan and the buyers recently.

The bulk carrier of 57000DWT measures 189.99 meters in LOA (length of all) and 32.26 meters in breadth.

The bulk carrier of 82000DWT measures 229 meters in LOA (length of all) and 32.26 meters in breadth.

Cosco Corporation (Singapore) Limited, press release