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Container Ship Christened at COSCO

Maritime Activity Reports, Inc.

July 31, 2007

On July 26, the 10000-TEU container ship COSCO Asia was christened in South Korea. The christening ceremony was grandly held at HHI's shipyard in Ulsan. Executive Vice President Zhang Fusheng and Vice President Chen Hongsheng of COSCO Group were presented at the ceremony. COSCO Asia is the first of four such vessels being built for COSCO by HHI's shipyard. With maximum carrying capacity of 10062 TEUs, COSCO Asia is the largest container vessel among COSCO fleet. The vessel realized a high-level of automation and is very environmentally friendly. It was classed by Lloyd's Register to stringent environmental standards, reflecting COSCO's commitment to its UN Global Compact responsibilities. COSCO Asia is to leave Ulsan on August 6 and launch its maiden voyage to Europe from Tianjin on August 9. It will be put into China/Europe Service.

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