COSCO Deliver Two More Bulk Carriers from China Shipyards

COSCO (Singapore) announce delivery of two bulk carriers, one from COSCO Dalian Shipyard & another from COSCO Zhoushan Shipyard

The Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") announces that subsidiaries of the Company’s 51% owned COSCO Shipyard Group Co., Ltd have made the following deliveries:

1. COSCO (Dalian) Shipyard Co., Ltd has delivered a bulk carrier of 82000 DWT, of 229 meters in LOA, 32.26 meters in breadth and 20.25 meters in depth, named “ECOFAITH G.O.”, to its European buyer

2. COSCO (Zhoushan) Shipyard Co., Ltd has delivered a bulk carrier of 57000 DWT, of 189.99 meters in LOA, 32.26 meters in breadth and 18 meters in depth, named “ASIAN CHAMPION”, to its Asian buyer.

All the delivery documents were signed by and between the COSCO shipyards and the respective buyers in July 2012.