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Chinese Shipyard Delivers Another Bulk Carrier

Maritime Activity Reports, Inc.

May 4, 2012

COSCO announce delivery of 92,500 dwt bulk carrier to a European buyer from its Zhoushan, China, Shipyard

The Board of Directors of COSCO Corporation (Singapore) Limited announces that COSCO (Zhoushan) Shipyard Co., Ltd, a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 92500DWT, "TRANS HANGZHOU", to its European buyer.

The delivery documents were signed by and between COSCO Zhoushan and the buyer on 27 April 2012. The bulk carrier measures 229.2 meters in LOA (length of all), 38 meters in breadth and 20.7 meters in depth.

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