COSCO Delivers Two Bulk Carriers to European Buyers

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

1. COSCO (Zhoushan) Shipyard Co., Ltd has delivered a bulk carrier of 57000 DWT, “FEDERICA”, to its European buyer.

2. COSCO (Guangdong) Shipyard Co., Ltd has delivered a bulk carrier of 57000 DWT, “CONTI FUCHSIT”, to its European buyer.

All the delivery documents were signed by and between the COSCO shipyards and the respective buyer on 15 June 2012.

The bulk carriers of 57000 DWT measure 189.99 meters in LOA (length of all), 32.26 meters in breadth and 18 meters in depth.